Wednesday, March 27, 2013

The 6 keys to being awesome at everything


I’ve been playing tennis for nearly five decades. I love the game and I hit the ball well, but I’m far from the player I wish I were.I’ve been thinking about this a lot the past couple of weeks, because I’ve taken the opportunity, for the first time in many years, to play tennis nearly every day. My game has gotten progressively stronger. I’ve had a number of rapturous moments during which I’ve played like the player I long to be.
And almost certainly could be, even though I’m 58 years old. Until recently, I never believed that was possible. For most of my adult life, I’ve accepted the incredibly durable myth that some people are born with special talents and gifts, and that the potential to truly excel in any given pursuit is largely determined by our genetic inheritance.
During the past year, I’ve read no fewer than five books — and a raft of scientific research — which powerfully challenge that assumption (see below for a list). I’ve also written one, The Way We’re Working Isn’t Working, which lays out a guide, grounded in the science of high performance, to systematically building your capacity physically, emotionally, mentally, and spiritually.
We’ve found, in our work with executives at dozens of organisations, that it’s possible to build any given skill or capacity in the same systematic way we do a muscle: push past your comfort zone, and then rest. Aristotle had it exactly right 2000 years ago: “We are what we repeatedly do.” By relying on highly specific practices, we’ve seen our clients dramatically improve skills ranging from empathy, to focus, to creativity, to summoning positive emotions, to deeply relaxing.
Like everyone who studies performance, I’m indebted to the extraordinary Anders Ericsson, arguably the world’s leading researcher into high performance. For more than two decades, Ericsson has been making the case that it’s not inherited talent which determines how good we become at something, but rather how hard we’re willing to work — something he calls “deliberate practice.” Numerous researchers now agree that 10,000 hours of such practice as the minimum necessary to achieve expertise in any complex domain.
There is something wonderfully empowering about this. It suggests we have remarkable capacity to influence our own outcomes. But that’s also daunting. One of Ericsson’s central findings is that practice is not only the most important ingredient in achieving excellence, but also the most difficult and the least intrinsically enjoyable.
If you want to be really good at something, it’s going to involve relentlessly pushing past your comfort zone, along with frustration, struggle, setbacks and failures. That’s true as long as you want to continue to improve, or even maintain a high level of excellence. The reward is that being really good at something you’ve earned through your own hard work can be immensely satisfying.
1. 

Pursue what you love

Passion is an incredible motivator. It fuels focus, resilience, and perseverance.
2.

Do the hardest work first

We all move instinctively toward pleasure and away from pain.
Most great performers, Ericsson and others have found, delay gratification and take on the difficult work of practice in the mornings, before they do anything else. That's when most of us have the most energy and the fewest distractions.
3.

Practice Intensely

Practice intensely, without interruption for short periods of no longer than 90 minutes and then take a break.
90 minutes appears to be the maximum amount of time that we can bring the highest level of focus to any given activity. The evidence is equally strong that great performers practice no more than 4 ½ hours a day.
4.

Seek expert feedback, in intermittent doses

The simpler and more precise the feedback, the more equipped you are to make adjustments.
Too much feedback, too continuously, however, can create cognitive overload, increase anxiety, and interfere with learning.
5.

Take regular renewal breaks

Relaxing after intense effort not only provides an opportunity to rejuvenate, but also to metabolize and embed learning.
It's also during rest that the right hemisphere becomes more dominant, which can lead to creative breakthroughs.
6.

Ritualize practice

Will and discipline are wildly overrated. As the researcher Roy Baumeister has found, none of us have very much of it.
The best way to insure you'll take on difficult tasks is to ritualize them -- build specific, inviolable times at which you do them, so that over time you do them without having to squander energy thinking about them.

It takes several hours of daily practice to achieve excellence, so prioritise

I have practiced tennis deliberately over the years, but never for the several hours a day required to achieve a truly high level of excellence. What's changed is that I don't berate myself any longer for falling short. I know exactly what it would take to get to that level.
I've got too many other higher priorities to give tennis that attention right now. But I find it incredibly exciting to know that I'm still capable of getting far better at tennis -- or at anything else -- and so are you.
Here are the recent books on this subject:
  • Talent is Overrated by Geoffrey Colvin. My personal favourite.
  • The Talent Code by Daniel Coyle
  • Outliers by Malcolm Gladwell
  • The Genius in All of Us by David Schenk.
  • Bounce by Mathew Syed






Posted on Linked In, written by 

Wednesday, March 20, 2013

Xero Blog Goodness


Spaghettios, dog clothes & top tax tips

Our recent survey to over 400 accounting professionals reveals that Spaghettios, weddings and dog clothes are just some of the tax deductions people imagine they can get away with. Which shows that if you’ve ever tried to claim an unusual tax deduction, you’re not alone!
This year’s survey provides an update to a similar survey we commissioned last year. The year-on-year data provides  interesting insight into changing perceptions of the cloud as well as where small businesses are going wrong. As well as the fun responses, the research highlights just how much pressure small businesses are under in the US this tax season, especially due to the demands of changing government regulations and tax policy.
We’ve put together an infographic to illustrate the key results:
A key output of the survey is the biggest mistakes that small businesses are making. Top of the list is not keeping financial records up-to-date, followed by a lack of understanding about tax obligations.
All-in-all, it comes back to getting to know your accountant better and tapping into the advice they can give you. Xero’s real time single ledger enables your accountant to have a clear view of your finances and provide better advice to you. Note that nearly a third of the accountants surveyed would be willing to give you a discount if you enable them to view a reconciled ledger, which is easy to do in Xero. And more and more accountants are offering cloud services – up 11% to 43% this year.

Late summer surge for real estate


The Central Otago Lakes residential property market recorded the biggest increase in sales volume compared to other regions for the month of February.
There were 129 house sales in our district during February, an increase of 54 per cent on the previous February, according to statistics released by the Real Estate Institute recently.
Central Otago Lakes also recorded an 13.9 per cent increase in median price for February. The median price was up $55,000 from February 2012 to $363,750, with Queenstown sale prices accounting for most of that increase.
The district wide late summer surge in sales reflects national trends for February.
Nationally, 6,632 houses sold in February, an increase of 34% on January. The national median house price in February was $382,000.
The number of days to sell in Central Otago Lakes has improved by two days from 49 days in January to 47 days in February. Compared with February 2012, the number of days to sell has improved by 16 days.
Central Otago Lakes REINZ spokesperson, Gail Hudson says the market here continues to improve because there are more committed buyers and vendors are responding by listing their houses and meeting the market on price.
Posted on Wanaka Live 20 March 2013
www.wanakalive.com

Ted X Queenstown




Yeah this is a bit exciting, Queenstown hosting it's very own Ted Talk next Friday, there is an excellent range of speakers and the fun bit is only 100 tickets, the race is on! Good luck getting your hands on a ticket, lets us know if you go. Ted X a good place for Queenstown Accountants.

Here is and oldie but a goodie below:


Tuesday, March 12, 2013

InvitBox



Invitbox is a cloud-based mailbox, approval system and filing cabinet for invoices.

Once you register, your suppliers simply email their invoices to you in PDF format to yourco@invitbox.com and within seconds invitbox strips out all the data and presents the invoice to you online for approval.
It's like magic!



Xero HQ


A visit to the Big Smoke this weekend, look what we spied! Xero HQ, downtown Welly town. No traffic...what, this is helpful for Otago accountants hitting the city!


Monday, March 4, 2013

Tips for choosing an accountant


A good accountant should be able to evaluate business problems and offer solutions. Today's accounting professionals are strategic business leaders and should be able to demonstrate that they are much more than pure 'number crunchers', said David Jenkins, CPA Australia country manager for New Zealand this week. "Strategies in international business, thought leadership, skills in communication and persuasion - these are some of the broader 'must-have' aptitudes of today's successful accounting professionals," said Jenkins.CPA Australia, one of the world's largest accounting bodies, representing more than 144,000 finance and accounting professionals around the world, has developed the following tips to guide small businesses in selecting an accountant.

Professionally qualified
It's important that your accountant is professionally qualified and belongs to a professional accounting body. To retain their membership each year, members must complete a requisite number of professional development hours to ensure their qualifications remain current and they are following industry best practice. Membership also dictates they abide by a code of ethics and conduct.

Business consultant
A good accountant will help your business grow by bringing a wider commercial perspective to the partnership. For small businesses, your accountant should be a trusted business adviser and provide credible, strategic advice. They should be able to evaluate business problems and offer solutions. To do this successfully, your accountant will make the effort to understand your business and your product or service, right from the very first meeting.

A good relationship throughout the year
Regular, ongoing dialogue is a sign of a good partnership. Your accountant should be committed to building a strong rapport with you. The right accountant will speak with you on a regular basis and be happy to see you at your premises when it suits you. So look for an accountant who provides a proactive service, working with you throughout the year, not just at year end.

Complementary client portfolio
Whether you're a start-up or an established business it's important that you partner with an accountant that has experience relevant to your business. Find out who their clients are to establish if their experience suits the needs of your business. For example, if you're in the export game, seek an accounting professional with complementary experience.

Tech-savvy
There is a wide range of business management software on offer today; the right package has the power to dramatically improve small business capabilities. A good accountant must be fluent in the application of leading software packages. They should be able to recommend the appropriate accounting package to suit your business needs.

The New Zealand Herald Jill Smith 25 February 2013