Very professional and communicative, will use again next year. Thank you.
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Workshops, Sprints & Programmes for Improving Profits & Business Valuations of Small, Medium & Mid-Market Businesses
These are some of the strategic business improvement workshops, sprints and programmes that our Perth-based team of accountants and business advisors offer across Western Australia (available Australia-wide too).
A tailored approach might be more suitable for you. If you’re unsure, begin with a free Get To Know Each Other meeting.
Read Key Points & Transcript
Business Ownership Education
video key points
- Managers, while experts in their domains, often lack crucial leadership skills for sustained business success, underscoring the need for focused training and coaching in business leadership capabilities.
- The wisdom of Ayman Al-Abdullah, echoing JFK, suggests that leadership and learning are intrinsically connected, highlighting the misconception among some leaders that reaching a leadership position negates the need for further learning.
- Incremental improvements in knowledge and skills by leaders can have significant, positive impacts across their organisations, leveraging leadership as a tool for widespread improvement.
- Addressing the challenges of leadership capability development involves determining the timing and extent of learning, identifying essential skills aligned with business strategy, and choosing effective learning modalities to combat the forgetting curve.
- Emphasising the importance of learning for results rather than mere knowledge accumulation, Munro’s offers tailored learning programmes and leadership improvement initiatives through Munro’s Business Academy as practical steps towards enhancing team performance.
Presented By: Drew Pflaum
With Thanks To: Ayman Al-Abdullah
video transcript
Managers are often domain experts in what the business makes; but they often lack the skills to lead the business to sustained success.
This is partly because little time is devoted to training and coaching leaders in the necessary business skills. Here’s why this should not be the case.
If you watch enough of our videos you’ll notice on several occasions us quoting Ayman Al-Abdullah, now business coach and former CEO of App Sumo – a business Ayman grew from $3million to $80million in revenue. This is because he is incredibly good at distilling down important business leadership insights. So, here’s a social media post by Ayman:
He begins with quoting JFK: “Leadership and learning are indispensable to each other”.
Ayman follows up with:
“Leadership and learning are indispensable to each other.” -JFK
Too many leaders think that achieving a leadership position means they have all the answers and don’t need to learn anymore
But in reality, it’s the exact opposite
— Ayman Al-Abdullah 🧱 (@aymanalabdul) July 6, 2023
Whether or not too many leaders think they have all the answers and don’t need to learn anymore is debatable. But, we certainly agree with the sentiment that learning commonly becomes a lower priority.
So, Ayman continues and this is where he starts to make a very powerful point:
As leaders, we should seek to learn more
We don’t have all the answers
And improving our knowledge just slightly could lead to huge changes across the organizations we lead
— Ayman Al-Abdullah 🧱 (@aymanalabdul) July 6, 2023
That’s a very powerful thought. The fact that even incremental learning by leaders can influence profoundly upside improvement for a business because of leveraging that acquired knowledge and skills.
If you’re in agreement that business owners, leaders and managers should be continuously improving their capabilities, then the key consideration is how.
Three key challenges for building and honing capabilities are generally:
- When and how much time to dedicate to it.
- What should one learn.
- How should that learning and capability building take place.
We’re an evidence-led firm and prefer to follow the rigorous science on this. However, for the moment at least, we’re not aware of definitive evidence heavily directing us to a certain approach. Given this, we let science direct us as best it can and we continue to evolve learning best practices over time – just the same as with how we should learn all our business skills.
So, with regards to when and how much time to dedicate, it depends on what is being taught, what are the current capabilities, what is the urgency to acquire the capabilities, what is the capacity to learn, especially given other time demands, and how to mitigate the forgetting curve. The more new and novel the learning, the more likely it is that learners need to regularly commit time to learn.
What should one learn, should be directed by your strategy, current capabilities and critical business areas that science has shown to have the greatest influence on business success.
How should the learning and capability building take place, is similarly influenced by the afore-mentioned factors. There are a mixture of learning options available, such as impactful sprints involving face-to-face and online material, online courses, group meetings for rising stars and personalised coaching for business owners and CEOs.
If you take only two things away from this video, then make them these:
- Improving leaders’ capabilities can have a profoundly positive multiplier effect due to leadership leverage; and
- Learning is about building and improving capabilities. It has to produce results, not knowledge that’ll soon be forgotten.
We offer impactful learning programmes tailored specifically for our business clients, and also host leadership improvement programmes through Munro’s Business Academy. So please do take advantage of this if enhancing your team’s performance is of interest to you.
Where To Begin
Come Along To An Improve Session
First Session is FREE (incl. GST)
Upskilling Event for Business LeadersTop 2% ranked Australian Accounting Firm
Claims of being a ‘Top 2% ranked Australian Accounting Firm‘ (and similar claims) are based on two separate assessments conducted by Munro’s on 9-10 August 2023 and 1 December 2023. The ranking is derived from a comparison of the total of each accounting firm’s overall star rating multiplied by each firm’s quantity of reviews as shown on Google Maps. A total of 4,235 Australian accounting firms listed on Google Maps were identified for the earlier assessment, and a total of 4,301 for the latter assessment, which may not represent a complete list of Australian accounting firms. Munro’s claims are based on Munro’s best estimation and represent a snapshot collected at the time of each assessment. If the assessment was to be conducted today, then it is likely that Munro’s ranking would have changed – Munro’s may or may not be in the Top 2% today. Also, the methodology does not account for other potentially relevant factors such as quality of service, expertise, or client satisfaction beyond Google Maps reviews.
Read Key Points & Transcript
video key points
- Top 2% ranked Australian Accounting Firm is based on two separate Munro’s assessments of Google reviews for Australian based accounting firms on 9-10 August 2023 and 1 December 2023.
- Both assessments found Munro’s to be in the Top 2% (position 66 out of 4,235 and position 44 out of 4,301 for the assessments, respectively) when a ranking was derived from a comparison of the total of each accounting firm’s overall star rating multiplied by each firm’s quantity of reviews as shown on Google Maps.
- If the assessment was to be conducted today, then it is likely that Munro’s ranking would have changed – Munro’s may or may not be in the Top 2% today.
Presented by: Drew Pflaum
video transcript
In December 2023, we conducted a review of Australian accounting firms on Google Maps, based on star rating and quantity of reviews.
Out of the 4,301 Australian accounting firms we identified on Google, Munro’s ranked number 44, placing us in the Top 2% of Australian Accounting Firms. We’re thrilled to share this fact with you and share those reviews on our website. We’d also like to thank all our clients who left us those wonderful reviews.
Thank you.
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