Episode 47. In today's news episode, we discuss "Can Accountants Serve 17m New Businesses in 2022?"
Key takeaways from this episode include:
⍟ shout to to Daniel Hood at Accounting Today with research from Intuit over new businesses predicted to start
⍟ the potential outcomes for new business growth out of insolvencies and what this means for accountants
⍟ how the pandemic has accelerate plans for new business formations, many of whom will need accounting advice and support
⍟ how the pandemic has changed the way we live, think and act, particularly for entrepreneurs seeing new opportunities
⍟ explaining what 'the new normal' actually means in the business world regarding growth AND prosperity
⍟ how the world has changed for businesses meaning more is doable now
⍟ whether business owners see value from having an accountant, and how accountancy professionals can educate potential new clients
⍟ the proportion of businesses who do not see the value of working with accounting advisors
⍟ the importance for accountants of being open to seeing new opportunities as the small business market grows
⍟ the potential for start up accounting firms to take a lot of business from larger, more established accountancy practices
Sources:
https://www.accountingtoday.com/news/intuit-projects-up-to-17m-new-small-businesses-in-2022
https://investors.intuit.com/news/news-details/2021/Intuit-QuickBooks-Projects-17-Million-New-Entrepreneurs-To-Join-Rapidly-Growing-Small-Business-Economy-in-2022/default.aspx
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