5 attributes that make accountants great business owners

  • They are well versed when it comes to cash flow.

Entrepreneurs lacking accounting expertise can be blinded by ideas that sound lucrative, but are not. An accountant looks at financial prognoses, making business ventures less vulnerable.

  • They have a holistic view of business operations.

Accountants understand how numbers interact with (and influence) outcomes. They know how to identify and facilitate changes that make businesses more profitable.

  • They are analytical in nature.

Their profession exposes them to internal operations that other employees don’t see. Combined with expert problem-solving abilities, accountants know how to analyse what works and what doesn’t, and how to drive innovative ideas.

  • They are experts in risk assessment.

The talent accountants have in crunching numbers quickly, enables them to see pitfalls that others may miss. Their competence in financial manipulation can be applied to forecasting and planning, maximising chances of success.

  • Their transferrable skills benefit colleagues, clients and consumers.

Attributes such as efficiency, reliability and confidentiality make accountants a trusted group of professionals. They generate advantageous solutions for both themselves and their stakeholders.

Keen to be your own boss and wondering whether further studies in accounting will help? Our Graduate Diploma in Accounting course is perfect for those with a knack for numbers and entrepreneurial drive. With flexible subject options and learning modes, you can study what you choose, when you choose, and tailor your education to suit your future business needs. Call our student enrolment advisors on 1300 589 882 to discuss which MPA units are best for you.