First insights from “How to Succeed in the Accounting Business?” survey.
By Hitendra Patil
Although seven personality traits seem closely related to success as an entrepreneur in the tax and accounting business, the vast majority of accountants believe that one stands above all the rest in importance: Decisiveness.
Preliminary new findings from a CPA Trendlines survey of more than 300 accountants, more than 80 percent of them owners or CEOs of their firms, shows that the biggest success factors are not just knowledge, not just experience, not just problem-solving ability, and not just vision.
Surprisingly, the top-most trait that make some accountants more successful than others is "being more decisive." Specifically, “They are the type to make decisions quickly, take responsibility for their decisions and expect accountability from others.
At the same time, many accountants seem to feel that they themselves would be more successful of they, too, were more decisive, took more personal responsibility and held others more accountable.
While responses and comments continue to pour, the main message seems clear. The most successful accountants in the business share similar ways of thinking and taking action.
Stay tuned for further insights as we gather more responses and dissect the data, and join the survey to get more answers.