116. Nature vs Nurture, Wimpy Accountants & New Tech
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Best on Ground
Nature vs nurture. The goal of parenting is often a nurturing, equality method, but in a family business context or performance based rewards, there is often a clash. Jon Kenfield has some great content. https://www.linkedin.com/posts/jonkenfield_familybusiness-business-conflict-ugcPost-6565414094575415296-F3hA
Why do accountants rely on their feelings when giving advice? Because they’re wimps. https://www.entrepreneur.com/article/337496
Hot desking, love it or hate it. We discuss if the people who dislike it are just disappointed they cannot hide in an office playing solitaire?https://www.afr.com/work-and-careers/workplace/the-hidden-hell-of-hot-desking-is-much-worse-than-you-think-20190729-p52bom
BGL are demo-ing new tech at RegTech and the crowd are loving it. No wonder they're AFR’s 5th most innovative company https://twitter.com/BGLdot/status/1159613260317904896?s=20
Large cultural shift is happening at ANZ bank where staff bonuses are being removed. Bonuses often drive selfish behaviour were highlighted in the Hayne review. This is the first sign of fundamental changes. https://www.afr.com/companies/financial-services/anz-dumps-bonuses-for-performance-dividend-20190805-p52e2z
We way thank you and farewell to MYOB CEO Tim Reed. https://www.accountantsdaily.com.au/appointments/13373-myob-ceo-tim-reed-steps-down
Worst on Ground
Hotshot entrepreneur racks up over $3.6m in debts. With social media, how people promote themselves can belie their true performance. https://www.theaustralian.com.au/nation/clients-burnt-by-airbnb-hotshot-callum-forbes/news-story/9d5340d5691c17fa5dcdabe579ec70f0
The Westpac account opening saga continues with excellent customer service.
Uber posts a $7.7b loss as revenue growth stalls. If not for UberEats, growth would be negative. https://www.smh.com.au/business/companies/uber-shares-dive-as-it-posts-7-7-billion-loss-20190809-p52ff2.html
Is it a scam? The it’s hard for the ATO to communicate whilst telling us not to trust every bit of correspondence saying it’s from the ATO. https://twitter.com/DavidBoyar/status/1159608567961272320
About Us
From the Trenches is brought to you by Paul Meissner from Freedom Mentoring and David Boyar from Sequel CFO. Proudly sponsored by BGL and The Outsourced Accountant.
