Episode 41: Five False Beliefs that Block us from Change
In Episode 41 Sam breaks down some of the false facts and false beliefs in our industry, in our work and in our day to day lives that are blocking us from making the changes we need to make.
This is such an important time to start thinking about and overcoming these blocks because our world is changing. We know that our new normal is going to involve lots of change and disruption going forwards, but before we can change we need to look at our fundamental beliefs.
Sam covers the problem with Profit and Loss statements, why we believe change is a waste of time because the time it takes is not chargeable, the truth behind the definition we have of our business as a relationship or trust-based business, the biggest lie we tell ourselves—the harder and longer we work the more successful we are—and the power in changing our ‘do it all myself’ mentality.
Plus, she shares some real examples from her experiences in life and business, and from the clients she works with at BlueprintHQ of how these beliefs sow up and how helpful it can be in changing them going forwards.
What we cover in this episode
● How false facts and beliefs in Accounting and Professional Services are blocking us from changes we need to make
● The reason we need to be looking at these in general, but particularly in 2020
● Sam’s experience with this both personally and in her work with advisory clients at BlueprintHQ
● Why these beliefs have developed in our accounting industry and professional services in general
● The importance of examining our beliefs and questioning false facts
● The problem with the Profit and Loss Statements
● Why we believe change is a waste of time because it’s not chargeable
● The truth behind our definition we have of our businesses as relationship/trust-based
● Examples from Sam’s work of how this one can be showing up
● The biggest lie we tell ourselves: that the harder and longer we work, the more successful we are
● How we define and measure success and the problems with career or practice progression
● The very real danger this poses to our health individually and collectively
● The power in changing our ‘do it all myself’ mentality
● Three ways the ‘we have to do it ourselves” false belief shows up
● Real examples of how breaking that belief has been important for one of Sam’s clients
Quotes
“I think that at the moment, this is such an important time to start really thinking about [our beliefs], because our world is changing.”
“Going forward, we have to actually know that our new normal is going to be more about change and more about being agile, and knowing that we don't know what's going to come. So we need to be as agile as possible, and that means change. But before we can actually change, we need to look at some of our fundamental beliefs.”
“Change does take time, that's outside of the productive model…and we really struggle with taking time to make time. So because we are so in tuned to the hours-for-dollars mentality, any kind of change that we see, and the hours that it might take, we really block that.”
“If we didn't want to change, we wouldn't be spending the amounts of money that we spend on new software or events, or we get one-off coaches in to help us with leadership or staff development or communication. We do want to change, we wouldn't be doing that if we didn't want to change…So it is a false fact that we don't want to change. And it is definitely the [belief that] change of any kind is a waste of time because it's not chargeable—that is a complete false fact!”
“The belief out there is that tax equals accounting. Now, that really does indicate that our businesses are actually based on what we do rather than the relationships or the trust that we might build.”
“Because it is this belief—the harder and longer we work, the more successful we are—that is really contributing to some of the astonishingly bad health stats [in our industry].”
“You don't have to do it all. The people are just as skilled and if you've got the right systems and process of training people and you trust that, you don’t have to do all of the work.”
“The more you change, the more you develop and the more you really work on yourself, you realise that these things do come back. It's not a once done.”
Enjoying the Show? Let us know!
Are you a fan of The In Demand Accountant podcast? If the ideas and tips we share in each episode are inspiring you to become a more powerful professional, advisor and leader, subscribe to the show and leave your honest review to let us know!
Head over to Apple Podcasts to subscribe and review - would mean the world to us!