How to get away with murder…

January 13, 2015

I heard a great joke the other day which is really relevant for your business...

The accused sat terrified in the prisoner’s box awaiting the magistrate’s verdict...

"Guilty as charged! Sentenced to hang by the neck until dead!"

The condemned was the town cobbler, who days earlier in a fit of blind rage had brutally bludgeoned one of his customers to death (we all know that feeling don't we?!).

Normally a hanging was cause for celebration...

...But there was no cheering from the townspeople today.

One townsman, in fact, mustered some courage and stood up to address the court.

"If Your Honor pleases, you have sentenced to death the town cobbler!

"He's the only one we've got. If you hang him, who will mend our shoes?"

Presently, the whole room came alive with chants for the cobbler's release.

After restoring order in the court, the magistrate thought for a while, nodded in agreement, and overturned his own verdict.

"What you say is true", he said.

"Since we have only one cobbler it would be a great wrong against the people to let him die. As there are two haberdashers in the town, let one of them be hanged instead!"

So which are you? The cobbler or the haberdasher?

You need to make sure your business is positioned to be so unique and desirable that, even if you mess up, you'll still be valued by your customers.

Don't think that's true? Think of Apple. They've created a brand that's so desirable that they can release products with massive flaws and yet they're still desired and valued by their followers.

And let's face it, Apple's products aren't even unique any more!

So think about your business, and what about it you can use to differentiate it from your competitors.

We do that by offering all clients access to the Business Growth System as well as streamlining all our processes to provide a simpler, quicker solution for our clients.

So if you'd like an accountant who's a cobbler rather than a haberdasher, just drop me an email with the subject 'Cobblers'.

About the author

Richard Baldwyn ATT CTA

Richard is Co-Founder of The Friendly Accountants and has more than 30 years' experience, in tax, including 3 years spent inside HMRC before moving into private practice. He advises individuals and owner-managed businesses on a wide range of UK tax issues, including the tax challenges created by digital platforms and online business models.

Richard has specialised in UK crypto taxation since 2016 and was one of the first UK tax advisers to write publicly about the taxation of cryptoassets. His work includes advising individuals, investors, founders and owner-managed businesses on complex crypto transactions, HMRC disclosures and enquiries, DeFi, NFTs and the tax issues facing businesses operating with digital assets.

He also has first-hand experience of cryptoassets and Web3 projects, combining practical knowledge of how crypto is used with wider UK tax experience.

He particularly enjoys making complex tax transactions easier to understand and helping clients apply tax rules to transactions and technologies that do not always fit neatly within traditional tax categories. More about Richard and the TFA team

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