Prediction # 7 – Business coaches & consultants will aggressively pursue SME’s
Business coaches or consultants have primarily offered leadership, management, marketing, sales and human resource services to the business community. They too are in business and are looking to expand. With the correct tools they can expand into the accountant’s space quite easily. There are many financial analysis software tools available that are relatively inexpensive.
If a current coach or consultant wanted to skill and equip themselves they could quite easily offer budget, cashflow, financial analysis, planning and monitoring services. When they do, it will erode away the revenue that the accounting firm should have.