Non-business view 'restricts small practice growth'. By Dan Martin

Kashflow logo
Share this content

A tendancy to view their organisation as a practice rather than a business is impinging on the growth of half of the UK's small accountancy firms, new research suggests.

A poll by software provider MYOB, in conjunction with AccountingWEB, revealed that although 80% of firms were looking to grow, 43% confessed to not having developed a business plan for the next three to five years.

The figure was even worse among small practitioners. Over half of respondents with less than ten employees admitted to lacking the existence of a formal path for future growth.

Simon Crompton, MYOB accounts division general manager, cautioned that with business plans being one of the mainstays of accountancy, the survey's results were "staggering".

"It highlight's one of the profession's biggest challenges, that man...

Please Login or Register to read the full article

The full article is available to registered members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.


Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.