6 Takeaways from XeroCon 2023

Tailored Accounts took a deep dive into XeroCon 2023 and emerged with some invaluable insights into the future of our industries. From evolving security paradigms in our digital age to the pursuit of high-performance mindfulness, here are 6 takeaways from XeroCon to get your mind running.

1. Security in a Digital World

National Security Concerns: With recent hacks targeting major institutions like Optus, Medibank, and the ATO, the question that remains is, who’s next?
Human Security: The rapid growth of AI and GPT is astounding. However, regulations lag, raising concerns about protecting current and future generations.
Crypto and Financial Security: Notably absent from XeroCon this year were discussions and products on crypto and blockchain, a sharp contrast from their dominant presence in previous events. This shift raises questions about their future paths. Where are these technologies headed and how might this impact the security of one of our most important assets– our finances?

2. Redefining “CEO”: Customer, Employees, Outsider

In a stakeholder-centric marketplace, it’s more than just numbers and profit. The “CEO” reigns supreme and companies must delve deep into their mission, asking why they do what they do, ensuring every step aligns with benefiting the new CEOs. Every action and inaction matters to the CEOs so what’s the one thing you can start doing to prove you mean what you say?

3. Building an Inspired Company

a. Inspired Purpose: Companies must stand for something meaningful. This is what’s normally expressed through their slogan.

b. Inspired Action: Actions must align with the company’s purpose and be delivered with authenticity. Make sure the value you bring aligns with the market wants. Maintain this consistency and your convictions, and have the courage to fight for them.

c. Inspired Profit (Good Money): Will eventually come next.

Did you know?

Ikigai (ee-key-guy) is a Japanese concept referring to that which gives your life worth, meaning, or purpose.

Ask yourself:

What do I love?
What am I good at?
What can I be paid for?
What does the world need?

4. Balancing Resilience, Stress & Energy

In our time-driven society, stress is a constant. To combat this, stop managing your time and start managing your stress. Shift from mere time management to energy management.

Move From	To
Time Management	Energy Management
Avoid Stress	Seek Resilience to Stress
Life is a Marathon	Life is a Series of Sprints
Career	Calling
Connectivity	Connection

5. High-Performance Mindfulness

We each have an A-Game and a B-Game:

Our A-game is us at our best, our key strengths and assets that we can control.
Our B-game is our sub-optimal performances resulting from all the Bullshit that’s out of our control.

You need to get out of the B-Game Loop!

1. Catch the B-Game: Understand you at your B-Game. How do you think? What do you do? Know when it’s happening.
2. Stop! And Accept: Accept that it’s happening and put “stop” in your thoughts – “It is what it is and that’s ok”. You don’t have to put positivity in it.
3. What can I do now: What am I like at my best? How do I look at my A-Game. Focus that to figure out what you can do.
4. Motion Changes Emotion: Emotion is energy in motion. Take a deep breath in and breathe out.

6. Embracing the Future

Align your business to customer wants. Break down the pain, understand and work piece by piece but never forget the big picture!
Be curious about what’s coming. Be nimble and be willing to try and make mistakes.
Understand that technology is ever-evolving, sometimes the purpose changes in a way you don’t expect. I.e. Blockchain used to be just a transaction-based thing, now it’s a driver for investment
Do not ignore the feelings of the people who don’t want to change. Some may be resistant in the beginning but come around it at the end.
Technology is evolving so quickly that regulations can’t catch up. Maintain a healthy dose of wariness.

BONUS: BlueRock Workflowmax Takeover

Set for February 2024, here’s what we know about the upcoming transition.

Advisors will receive a badge, online listing and free demo account as well as support for client transitions.
No data migration will be required, the system will be taken over automatically.
Based on the previews, BlueRock will be 90% similar to the current WFM, with some nice toggling features for quote, leads, and suppliers.

The future is an exciting unknown. While we can make our speculations, staying informed, adaptable, and true to our purpose will be crucial as we navigate these evolving landscapes.

Source: Tailored Accounts

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Small Business Technology Investment Boost and Skills and Training Boost

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