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Mastering Money Matters: There’s No Time Like the Present.

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TLDR:

  • New things are always arising, whether we like them or not.
  • It’s important to stay aware of new developments and be open to adopting them for future benefits.

In the article “Art of Accounting: It’s never the ‘right time’ to do something new” by Edward Mendlowitz, the author highlights the importance of continuously seeking out and adopting new processes, procedures, systems, and software in the accounting profession. Mendlowitz emphasizes that waiting for the “right time” to try something new can lead to missed opportunities and falling behind in the industry.

Mendlowitz shares personal anecdotes, like his experience with adopting a smartphone and a personal digital assistant, to illustrate how trying new technologies and innovations can lead to greater comfort, opportunities, pleasure, and time-saving activities. He emphasizes that even if initial hesitation or insecurity exists, trying new things can ultimately make a significant difference in one’s practice and professional growth.

The author also stresses the dangers of procrastination, apathy, and being too busy to explore and implement new advancements in the accounting field. He advises that dedicating time and actively seeking out innovations can accelerate professional growth and success.

Ultimately, Mendlowitz concludes that there is never a perfect time to try something new, and the time is always “now.” He encourages accountants to embrace new technologies and developments, as waiting too long could result in missed opportunities and falling out of touch with industry advancements.

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