I have just returned from Auckland where I was working with some leading accounting firms. This time last year, I wrote in this blog about how down and out the city seemed to be – how shopping malls were deserted and restaurants half empty. What a change this time. We dined at the excellent Ponsonby Road Bistro and, like many restaurants we passed, it was packed to the rafters. Not a seat to be had. There were people dining at the bar, it was so full. One of my colleagues, also in Auckland on a business trip last week, commented that it is as though money has just been invented! New Zealand, it could be argued, led the world into recession. Perhaps they are now leading it back out again.
On Friday in our meeting, one of the accountants in the group made a comment during a discussion around cloud accounting that we are in the ‘New World Order’ (he was using the term euphemistically, not alluding to some wacky conspiracy theory) – that things have changed and we just have to deal with that. At the end of the session, another accountant in the room cited that comment as his highlight of the day. He said that next year marks his 50th in the accounting profession and that he has spent too much time in recent years waiting for things to return to how they used to be, whereas he now realises that it’s unlikely they will and that to thrive, his firm needs to adapt to the ‘New World Order’ and embrace change driven by technology. An insightful moment from a seasoned practitioner.
Question is, what is your paradigm? Are you waiting for things to return to normal or are you on the front foot anticipating change and helping your clients to embrace it?