Adapt or die

One of my favorite movies is Moneyball.

I love how they break the game down into data and analytics instead of relying on the previous method – basic intuition.

Without giving away too many spoilers for those who haven’t seen it (which I absolutely recommend that you do) – against all odds they make history.

However, there’s a scene in the movie where the main character who plays the role of the team’s General Manager is directly challenged by the team’s head scout.  The scout is old school and feels what the GM is doing will destroy the team.  Eventually, the general manager says something very simple in response…

 

“Adapt or Die.”

 

What he meant was that over time things change and old methods are replaced with new and improved approaches to the ‘old way’ of doing things.

It wasn’t easy, but the results they produced from making these investments changed the game forever.  However, they wouldn’t have been able to do this without thinking outside the box.

 

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I want to take this opportunity to tell you that your industry is facing similar changes when it comes to automation.  Soon your firm may very well be facing an adapt or die situation (if not already).

Either your firm will adapt or it could be heading down a lonely dark road where firms go to die.

The biggest companies in the world are pouring millions of dollars into automation.  The impact to business efficiency that’s expected to be felt across industries due to automation is rumored to be up to 60%.

This means it’s expected to change more than half of what you do today.

 

Right now, your firm needs to be investing in automation.  If you aren’t, you are already behind schedule.  Don’t wait to catch up.

 

PS.  More about the movie Moneyball here.

Talk soon,
Sean

Find this advice helpful? I send out a short message every day that help accounting firms boost profitability without needing to hire more CPAs.

Talk soon,
Sean

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