Remaining relevant is challenging. Whether you sell a product or a service the business environment in which you are working in is always in transition.
For us as a CPA firm we have the changing tax laws, the FASB standards are constantly in flux. Report on a Compilation is having yet another significant change and a compilation was simply taking a client’s information and putting it into a financial statement format. Now it is an incredible complex process.
Then there are the competitors who implement change: taxis by Uber, cable TV by streaming media sources such as Netflix, and big box stores by e-tailers. No one industry seems to be safe.
Market relevance is important and so we all need to be in motion and learn grow and change to meet the needs and expectation of our clients. No one wants to be the next Blockbuster, Circuit City, Radio Shack, K-Mart, Sears, JCP. Alright I may be a bit premature on a few of those, for now.
But there is clearly a valid disruption of the business environment that is encompassing all aspects of services and products. This will force us all to look inside and outside and make us decide what and who we should be and do for our clients.