Andrew Rhodes is the Managing Partner of Sobell Rhodes, a Chartered Accountant and a member of the Chartered Institute of Taxation. He is passionate about helping clients and other accounting firms improve their profits and the quality of their working lives. His strategic and business advisory tools are used by accountants globally to provide structured business advice to their clients. He is passionate about people and is committed to the highest standards of technical and business skills competencies. His firm, Sobell Rhodes, has achieved the prestigious Gold Standard of Investor in People.
Andrew is an extensive networker and has formed several business referral and mastermind groups, including INAA, which is the world’s 14th largest association of independent accountancy firms. His firm has won many of the UK’s major accounting and business awards, and he himself was voted UK Managing Partner of the Year. He is frequently asked to speak at ICAEW Practice Conferences, national and international accountants’ conferences, financial institutions and business forums on business improvement and leadership. Shownotes:
It’s actually easy for an accounting firm to differentiate themselves if they know how to
Some accounting firms are to complacent and need to change more, but they won’t
Why MTD is a great opportunity for accountants to serve clients better
Complacent accountants make way for the more strategic, advisory led accountant
Being an advisory led firm proves you don’t just look historically but look to the future for accounting clients
How a structured approach to accounting advisory works in a successful firm
Compliance still has a place for accounting firms but has many more challenges on value and price than advisory
The benefits of winning awards to an accounting firm, particularly with the marketing opportunities and inner firm confidence
Many accounting firms struggle more to find good talent than good clients
The secrets of winning accountancy awards and how they can help your accounting firm
Shout out to the accounting legend Paul Dunn who inspired many accountants to run outstanding accountancy practices
The power of Monday Morning Awesome Service Meetings for staff in a client centred accounting firm
The best way accountants can attract the kind of clients they want is by referral
There are three things an accounting firm needs in place to attract ‘A-Category Entrepreneurial Clients’
How a focus on specialist industry niche allows accountants to give better service, win more referrals and get more advisory business
How power circle work to generate new clients in particular accounting niches
How the International Accountants Association generates referrals on a global scale for smaller accounting firms
Referrals are not like good wine – they don’t mature and improve, so accountants must keep in touch with referral source sover time
It’s powerful for accountants to give referrals as a great way of getting referrals back
Value pricing for accountants differentiates them against competitors and serves clients better
Shout out to accounting pricing guru Mark Wickersham (https://wp.me/p9RNgp-uT (who appeared on this podcast here)) on price anchoring
Before accountants offer business advisory services, they should be doing business plans on themselves to walk the talk
Remaining passionate and excited about what you do is what accountants need to be successful
Feedback from accounting firm clients is essential, particularly with a tool like Net Promoter Score
The value of peer groups and masterminding with other accounting leaders and influencers
Shout out to Richard Walters, https://wp.me/p9RNgp-GM (Steve Pipe), Mark Wickersham and Andy Bounds for their services to the accounting profession
Accounting firms can get together to bring in trainers to share best practice and deliver CPD training
Money and knowledge should be shared, else they are like manure – if you pile it all up, it...
