So, I recently returned from a 7-day holiday in the sun…
It was great.
Spending a week with my wife and daughters, playing in the sun, recharging my batteries and escaping the wet and cold UK.
During the 7-day holiday, I didn’t do ANY work. I mean zero email checking, zero phone calls, zero WhatsApp’s, truly nothing…
But what’s so special about that?
Most practice owners do NOT have this luxury. Their business is designed with them in the middle and they NEED to be there all the time.
You can tell how well your accountancy practice is built using the ‘holiday test’.
When you go on holiday, which of the following scenario’s best describes you:
- I never go on holiday (don’t have enough money)
- I never go on holiday (don’t have enough time)
- I take small 2-3 day holidays
- I take holidays only where the internet is fast so I can work
- I take 7-14 day holidays without internet, phone or computer
Which one best describes you?
I’ll be completely honest, for a long time I never went on holiday without first spending time researching internet speeds at different locations.
I’d even phone up the hotel where we were staying in advance and ask them to do a speed test and send me the results!
We had to go on holiday to places with a minimum of 10mb up and down. If it didn’t have the speed, I didn’t go. Talk about priorities, right?
This is NOT how you should run a business.
I thought this with the norm. Clearly, I’m an idiot for thinking that. I thought business owners just didn’t go on holidays away from a fast internet connection. I was wrong. Only stupid business owners do that (I was one).
As an accountancy practice owner (and a business owner), the way you design your business is everything. It’s your #1 responsibility, you’re the architect. And if you can’t go on holiday without the internet, or even at all without fully switching off, then you’ve built it all wrong.
A good business, built the right way, can be left alone for 7-14 days. And during this time nothing blows up and sales will not decline (they might even increase!).
Is your accountancy practice like this?
One of my favourite things to help members of my mastermind & coaching programme do is to go on holiday and fully switch off.
For some of them, it’s the first time in a very, very long time that they’re able to do this.
And I mean a REALLY long time for some of them…
Sure, the revenue growth and profit growth goals are important. But nothing puts a smile on my face more than a client coming back from a 7-14 day holiday with their family having done absolutely no work whatsoever.
And what’s interesting is that the result of this is usually that the other goals (revenue, profits etc) are hit much easier.
Want to know how to do this in your accountancy practice? Here are some articles to help you get started:
- How to move from accountancy practice operator to accountancy practice owner
- A 6-step plan to help master the dark art of delegation
- If you’re too busy to build good systems then you’ll always be too busy
- You don’t have a time management problem, you have a priority management problem
To your success, and your well-deserved freedom!