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Business Idea For The Accounting Industry

Business Idea For The Accounting Industry
Dec 08, 2017 Posted by Anders Östlund
The accounting industry has long been a rather conservative industry where most companies follow regulations and work with clients in a diligent and case-by-case manner. So far there has been no major disruptions and the few companies that are global mostly rely on their brand, their international network and their compiled knowledge to be successful. The events surrounding the demise of Arthur Andersen shows the fundamental weaknesses of the industry though. Below we list some business ideas for the accounting industry and how entrepreneurial-minded accountants could break new territory by using modern technology.

Make resources available online

Make the clients do more of the work in return for a lower cost

Have meetings online

Work on a larger market with clients far away

Simplify pre-auditing 

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