Practice Excellence: Ric Payne’s 20 observations | AccountingWEB

Practice Excellence: Ric Payne’s 20 observations

Principa founder Ric Payne gave the keynote presentation at the Practice Excellence Awards this year and revealed his top 20 observations from 30 years in practice. 

He explained that success was not about winning, but rather:

…the feeling you get when you know you’ve done your best in the progressive realisation of a worthy goal - it’s personal, it’s a journey and it presumes a goal.

He explained the only person you are competing with is yourself - always try to be the best you’re capable of becoming and use benchmarking to set the standard you seek to better. This is the Roger Bannister philosophy: since 1954 (up to 2000) 18 people have achieved this feat and the current record is 3:43 held by a Moroccan Hicham El Guerrouj in 1999.

During Payne’s presentation he outlined his 20 most important observations from "30 years in the trenches".

They are:


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bookmarklee's picture

PEA was worth attending for this talk alone

bookmarklee | | Permalink

I am so pleased to see the above summary - but do bear in mind that it is only a summary and that a great deal of thought lies behind each and every one of the points that Ric made.


Strange request perhaps

Paul Dunn | | Permalink


Ric's Principa email no longer seems to work. Can you pass on a correct one for him to me please?

Many thanks

bookmarklee's picture

I've emailled you Paul

bookmarklee | | Permalink


futureb00ks's picture

Tightening the belt

futureb00ks | | Permalink


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We posted more here: