Posts Tagged:Professionalism

Value Is In The Eye Of The Consumer – Beware, the Advice Professions

Back in the day, there was a significant movement in the accounting profession which was commonly referred to as “value-based pricing” Some in that profession took this to mean that they no longer needed to worry about how much they could charge a client, it was all going to be taken care of by convincing…

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Collaborate For Your Clients, Please

  You cannot properly give financial advice to a client without considering the tax consequences of that advice. Similarly you should not make a recommendation to a client in order to save tax without considering the impact of the action on their overall financial well-being True financial advice needs to cross over a number of…

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On Professionalism

A professional is true to his beliefs Professionals are not swayed by popular opinion Professionalism is having the courage to tell your client something they don’t want to hear.   A professional seeks to add value Professionals do not accept payment for doing nothing Professionalism is advising your client to terminate  your services when you…

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Two Approaches to Gardening

My wife and I have two very different approaches to our garden. My view of the garden is a series of tasks which need to be completed so that I can spend some time enjoying the sunshine outside, preferably with a glass of something and a small plate of cheese. In Kathy’s view, the tasks…

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Where are you in the pecking order?

Observing chicken politics is hilarious, the jockeying for position, competing for advantage, secret liaisons, negotiated alliances, clandestine trysts, reminds me of Canberra, but I digress…. It is human nature to behave a bit like my chooks. We assess our relative importance by our position in the pecking order, and we attribute a whole set of…

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The Ultimate KPI

There is a whole industry out there engaged in assisting businesses to set Key Performance Indicators as a means of encouraging desired behaviour and alignment with an organisation’s goals and objectives. For me, there is really only one KPI. “Turn up each day ready to work, and do your job”. Now I understand that this…

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The Aged Care Minefield

My wife and I have both had the unfortunate situation in the last year or so of having to arrange aged care for a parent. We found this to be not only an emotional situation, worrying about the future well being of our loved ones and feeling guilt at the obvious reluctance of our mothers…

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An Exciting Annoucement

The team at ODH Financial Planning have an exciting announcement to make and we are so thrilled to share it with you… As most of you would know, the financial planning business moved out of its location and into a brand new office at Ellen Street Wollongong in November 2013. We are very happy at…

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Why Most Business Plans Are Crap 2 – What To Do About It

In a previous blog, I gave my view that most business plans are crap. In this second article, I explore a simple one page Business Plan, what it should contain and how everything you need could be contained on one page.o let’s have a look at what ought to be in a good one-page business…

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Beware being the problem solver

  I have spent the better part of 40 years solving other people’s problems, it’s in my DNA. In the first part of it, the problems were most likely with the Tax Office or ASIC (probably the Corporate Affairs Commission back then). Later I went on to help people with their businesses, both in terms…

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