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STRATEGY COACHING
Do Niches Really Differentiate Accounting Firms?
David Wolfskehl
Do Niches Really Differentiate Accounting Firms?

I have recently had an accountant ask me why we needed to talk about micro-niches. He believes accounting niches are adequate to distinguish accountants in any town or city. I disagree.

Your opinion might align with the accountant or with me. So, my final request for your help with research this month.

Please select an accounting niche service area. You know what they are. Then choose your city or the nearest city. Either search a business listing, the yellow pages, or use the internet. Then count the number of accounting firms in the city that list services in that particular niche service area. (I suggest you not use tax and audit or Small Business Services. Try something less common to firms, like litigation services or forensic accounting or International Business). I did a quick search in Richmond, VA for accountants who list services to non-profit organizations. I found 15 very quickly.

The question is: do you want to be one of the many and compete with many other firms, or do you want to build a micro-niche and stand alone or with only one or two competitors?

Again, please share your findings with us (niche, city and number of competing firms) through the response box below.

Thanks.

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David Wolfskehl
David Wolfskehl

Accrediated Strategic Planner - helping accounting firms build thier businesses from the inside out

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