Business Disruption
Having just read the cover story in this months My Business magazine which is focused on disruption, it seems to me that disruption can be one of two extremes either a massive challenge - see video store or bookkeeping or a massive opportunity. The challenge comes from complacency and not spending enough time working on the business, not seeing the new trend coming and not being aware of new technology. I have just finished a national roadshow - 6 conferences in 10 days on Self Managed Super Fund Strategies with Grant Abbott - most of the audience were accountants or financial advisers and we spent some time looking at disruptive business models. Accounting services have been severely disrupted over the last 20 years - first with the introduction of the GST which saw the old fashioned cashbook dead and buried and the introduction of bookkeeping software - MYOB, Reckon etc - but all were local programs running on our PC and you couldn't access remotely and they generally didn...