August 31, 2017

Profitable Business Practises to promote your Accounting firm

‚Äč

Image source: Shutterstock

Accountants offer services that bring alignment to the financial activities of any organisation.

They ensure that the finances of the business are managed efficiently and that the business complies with tax laws. Every business needs accountants or accounting services for duties including tax filing, auditing, bookkeeping and much more.

The growth of your accounting business simply depends on the quality of your services and work ethic. It takes having excellent business administration, exceptional client service and high competence levels to have a fruitful business.  Consistency in these areas can uphold the prestige of your accounting business.

The quality of your services and work ethic encourages greater business growth and achievement. Here are some secrets to make your business prosper.

Offer Diverse Accounting Services 

Most accounting businesses offer basic services such as Bookkeeping, Tax filing & planning and Auditing. It is vital to offer more of what clients seek from accounting firms. These can include creating budgets, analysing the businesses spending, financial statements, Payroll, business registrations and more.

With each of these business duties, it is important to do it exceedingly well and gain recognition for what you offer. This entails demonstrating the best expertise in your work and ensuring client satisfaction. When your work is pleasing clients will be more likely to recommend you to fellow acquaintances.

Prioritise Client Care

Client care is a crucial aspect to the success of your business. Firstly your business must have a good administration system that will ensure the effective management of client’s needs. It is the duty of the administrative arm of your business to ensure that your company takes on work according to its capacity.It is important to consider this and not overstretch your workload and to under deliver. This will ensure that each client is given quality attention and satisfaction to their accounting requests. It will also build client loyalty, as your business will be seen as reliable when it meets expectations.

As your business grows you can hire more talent and then expand your offerings to a broader client base. However, it is important to do this when the business can handle the volumes of work and ensure excellence in delivery

Hire Experts in your Business

For your accounting business to be a success you need to have the best expertise in-house. This means hiring skilled accountants, clerks, auditors and so on. It is critical to at least have one person who has a specialty for each service that your business offers.

This will enhance the value of the accounting services you offer to clients and will help build up your business. You can also upskill your employees by sending them for training and further education. This will be an investment in your employees, their knowledge and expertise, which they will then apply in their work.  

Get compensated for your expertise 

It is critical not to under charge for what you offer in the hopes to gain more business. Getting market worth for your business will motivate employees to do their best and it means the business is compensated for their value.  

The profits your business makes contributes to business growth and strength, in order to buy more business resources and facilities. When your business makes more money through its growth you can expand your services and offerings. Clients will always be willing to pay for services that they are guaranteed to benefit from.

Have the Right Resources 

Image source: Shutterstock

Your accounting firm should have the tools and resources for maximum productivity. This means as a business owner you have to be aware of tools that are effective. You have to know the right platforms and resources your employees can use to work proficiently.

You can use accounting apps and resources that will make the business more proficient. Having access to these tools will increase productivity in your business. It will make the business function more efficiently.

Market your Business Online

Marketing your business in the digital age is vital. Having good social media and digital presence will spread the news about your accounting business. On your social media platforms, you can share useful accounting tips and advice that people need. Sharing content in the digital space is proven to draw more people. You can also share some of your work and testimonials with clients.

When people want to find out more on your website they learn about what your business has to offer. Your website should have SEO (visibility on search engines) and ROI (profitability ratio) features as well as other productivity tools. This will increase the awareness people have of your business in the industry.

Become an Expert in your Industry 

To have a successful accounting firm you first must invest in your knowledge of the business. You can study a business programme that will prepare you as a business owner. A Financial Accounting qualification that will elevate your level of expertise.

Education will create the progressive accounting business practice that you desire. When you study it is the doorway to your dream of owning an accounting firm. You will then implement these tips to ensure the prosperity of your business. This will earn your business a reputation as an industry leader. 

 

About the Author: Khanyie Dlamini Content Creator at Educor Holdings As a writer in the education sector I am passionate about nurturing people in their careers, wellness and personal growth. I focus on a variety of illuminating topics that are helpful to people’s growth and success. I hope to inspire people to feel motivated to live up to their full potential and know they can have an optimistic and prosperous life. My intention is to contribute to an empowered nation that makes great choices and positive change. Personally I enjoy the world of fashion and keeping up with the trends. I have great interest in digital trends and the impact of social media in today’s world. I enjoy learning from other creative people. I value having purposeful relationships with people who have great visions that align with my own.

August 31, 2017

Shortening the Distance with Damelin Correspondence College

By Ashmika Chottu

With the emergence of new technologies developing exponentially in the education sector and the growing-need to earn an income after graduating from high school, students have been driven towards distance education. With that said, there are still a number of misconceptions surrounding distance learning, some of which include; poor quality education and the student being ‘alone’ in the study process.

Despite not attending classes and being able to learn and communicate face-to-face with one’s tutor, many colleges offer an alternate support system that offers quality education to its students. Once such institution being, Damelin Correspondence College.

Damelin Correspondence College, a distance brand under the Educor Holdings banner, a leading private education provider, allows students to receive one-on-one assistance through its Academic Advising Centre (ACC).

The Academic Advising Centre, an American education concept and a first for South Africa, gives students the attention they require and would receive in a traditional classroom. Launched last year, the Centre provides thousands of students with the support they need to excel in their chosen field.  

Damelin Correspondence College Brand Manager, Tamaryn Van Wyk said that the opening of the AAC has given DCC students the hope they needed in order to succeed in their work and study space.

She said, “Often students who are studying via distance have an 8 to 5 job, earning an income to finance their education and carry household responsibilities. It is difficult for a student with this type of lifestyle to attend classes for additional preparation. This is where the ACC comes in. Each student that registers with Damelin Correspondence College has a dedicated Academic Adviser to ‘hold their hand’ through their educational journey. Advisers are just one call away readily available to answer the student’s questions. The student is never alone.”

According to Tamaryn, the AAC advisers are trained across DCC’s various faculties, including Business, Computer, Technical, Vocational, General and High School and they understand the DCC student well enough to ensure they receive the assistance required to pass their subjects.

Damelin Correspondence College Academic Adviser, Pratisha Praemchand said that they always go above and beyond, helping students recognise their academic potential. “In addition to the academic assistance we try to promote overall healthy student practices by encouraging students to live a healthy lifestyle. We advise them of the benefits of eating healthy, getting enough sleep and time management, among others.

Pratisha shared some feedback from a student Lerato Manyama, who she recently assisted: Lerato said, “Please allow me to express my gratitude and how glad and thankful I am that you assisted me with my finance course. I can proudly say I got the highest mark out of all my exams. I am glad that you are around to assist me with all the difficulties I experienced, as I did not have any exposure to Accounting subjects. You have done an exceptional job. Thank you. With people like you on our side we will always pass.”

Damelin Correspondence College is provisionally registered as a private college with the Department of Higher Education and Training under the Continuing Education and Training Act, No. 16 of 2006. With this, they offer a range of accredited qualifications for students who are then able to learn at home, according to a convenient schedule, without having to incur the cost and inconvenience of travelling to classes at fixed times.

There are other credible options out there for students with a solid support system to ensure that they never feel alone. Damelin Correspondence being one such college shortens the distance and allows for proper guidance, communication and credible qualifications. Do not be discouraged and seek an accredited distance college today. 

For more information on DCC and its qualifications visit www.dcc.edu.za

Issued by the Group Communications Department:

For further information on this release, contact:

Group Head of Communications: Jessie Naidoo or

Senior Public Relations Coordinator: Ashmika Chottu

Tel: (031) 713 3800

Email: Jessie.naidoo@educor.co.za or ashmika.chottu@educor.co.za

August 08, 2017

The Benefit of Women as Leaders in a Business Environment

 

Whichever way you look at it, women are an influential and inspiring force to be reckoned with. Gone are the days where the idea of leadership being a power-suited man in a boardroom is the ideal to aspire to, there is a far broader view than that. One of the spaces that women are commanding respect and influencing in, is business and entrepreneurship. Women in leadership roles are an important and integral part of the development of society and business.

What Women bring to the Business Space? 

In the working environment, there is a greater thought and movement towards soft skills and this is something that people are now taking note of. Women traditionally bring a nurturing energy into the working environment. Especially when it comes to communicating messages, conflict resolution and mentoring new professionals. 

Intuitive Abilities and the Power of Anticipation 

Women have been known to bring their intuitive abilities to the workplace. They do this in a way that allows them the chance to read people’s behaviour, and understand verbal cues and energies and anticipate decisions and big news. Whether you would like to admit it or not, you are a human being even if you’re in a working environment. With this in mind, it helps to know that you can apply intuitive qualities and emotional intelligence to difficult situations, especially as a woman.

Women have unique problem-solving skills 

The manner in which women unpack problem-solving is vastly different and unique. Women bring great powers of observation to the table. From a scientific point of view, it is observed that women are more collaborative in their approach and think laterally.

Women possess greater awareness for work-life balance 

One of the greatest ironies of life when it comes to business is that human needs often fall behind business needs. However, in the midst of a cutthroat business world, you will find a few signs of life emerge. Women often introduce softer touches into environments. Paintings, plants, Zen gardens and photographs are all subtle reminders of the need to generate a greater sense of work-life balance.

Women use Empathy in their Business Dealings 

When it comes to work environments and business dealings many women are able to interact from a place of empathy and emotion. In the working environment, the types of empathy displayed are effective listening, mediation, reading and successfully recruiting personality types that fit certain job descriptions. Women are quite adept at displaying these kinds of qualities. Contrary what is popularly imagined, workers are not always driven by fear but also a listening ear, a feeling of connection and a sense of being heard.

Women are more open to Introspection 

Normally when things go pear-shaped in the business world, people are very quick to begin mud-slinging and playing the blame-game. In a world where business is defined as a testosterone-fuelled boardroom battleground, women find ways to be emotionally aware and introspective. They are able to take a step back, reflect on their missteps, recalculate and go back to the drawing board with new insights and knowledge. In that vein, women are also open to receiving Management training to assist them with greater insights for the workplace.

The Importance of Gender Diversity in the Workplace 

In these modern days that we live in it isn’t a surprise that we find women in the workplace. However, some industries have greater gender imbalances than others. Having gender diversity in the workplace is important for the following reasons.

  • It promotes a sense of normalcy and it represents a microcosm of society
  • Provides diversity in professional opinions and a different frame of reference
  • Promotes dialogue and communication
  • Widens the scope of skilled individuals and talent available in an organisation

For many reasons, women are at the helm of business environments, leading teams and supporting people through their professional journeys. The qualities that they bring as leaders into working environments cannot be ignored but rather built upon and improved as a lasting legacy that will take people forward.

About the Author
Laeeka Khan- Media professional, senior writer and blogger at Educor Holdings.

I blog about matters that relate to education and personal development. I am an out-of-the-box thinker, fascinated with perceptions of the mind’s eye, the power of imagination and creative learning. I am passionate about the human experience, and an avid believer in dialogue, breaking stereotypes, sharing information and the power of the arts. I also appreciate fine coffee and dark chocolate. Join me on this journey of knowledge and exploration.

 

Archive

Complete the form below and a
consultant will contact you!