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RU OK? It's tough out there! | EY expects profit from a de-merger? | New segment called #NoShitSherlock
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Welcome to Episode 5 of Reality Cheque with Shaye & Becc.
Are you coping ok? It's not easy out there. R U OK?
Shaye and Becc dive deep into some hard-hitting topics. We all thought things were going to get better after COVID but it hasn't ended. If anything it's gotten harder.
Mental health is important and we ask that if you're doing it tough out there, please reach out, speak to friends, family, colleagues and friends in the industry who will know what you're going through.
- This episode is supported by Aider. Check out how they help accountants scale advisory services across your entire practice.
Show Notes:
2:45 The intensity in the profession right now is next level - are you ok?
It's harder now than in covid - how could that be a thing?
4:00 Accountants should get a bonus from the government for rolling out all their initiatives
Client expectations are blowing the scope budget because they’re panicking, not coping
7:40 What could we do differently to bring some relief to the intensity?
8:10 Sack clients - it'll make you feel better
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- Bec outsources the operational side of her recent merger - unheard of! Thank you Clarity Street
- Hire someone to take on as much non-chargeable tasks from chargeable team members
10:00 Reduce your opportunity cost by shifting tasks that are not your greatest impact activity
15:50 Bec gets ‘pissed off!' Accountants bridge the gap between Government and tax payers but they come after us as well. It's not good enough!
- 16:40 The Optus breach and the impact it's had on firms and their clients. Becc's horrified that not enough firms understand the impact this can have on your clients.
- 17:50 2FA Exists for a reason.
- 22:02 Shaye talks through poor scope and expectation management with our clients and how to best avoid it. Managing scope is so important in today's trying times.
- 28:34 Becc talks through Lee Dunsford's latest venture nine25, a platform that allows wage earners to get their income in real-time. No more fortnightly or monthly payroll?! Or.. is it completely horrifying that people can't wait a week to get paid?
- 35:00 Shaye & Becc introduce their no-shit sherlock segment or.... the Captain obvious segment. Headlines and news stories - that shouldn't be stories... because it's bleeding obvious.
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