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It’s no surprise that small business owners rely on their accountants to guide them through the ins and outs of setting up their businesses and preparing their taxes. However, accountants’ roles have quickly developed into that of advisors and even trainers. In fact, many small business owners turn to accountants to learn how they can get the most out of their business.
Study Shows Small-Business Owners Rely on Accountants in Multiple Ways
Who would have thought accountants would be the saving grace? According to a comparison study from Intuit Inc., however, this appears to be the case.
For their study, Intuit polled accountants and small-business owners. What they found is that the accountant-small business relationship has expanded into several new areas. For example, many small-business owners now seek guidance from their accountant on personal money management as well as tips on how to weather the economy.
Intuit Inc. released this survey in 2008. In it, they queried 250 accountants and 250 small-business owners nationwide about challenges they face in growing their businesses and remaining competitive in the marketplace. Researchers also asked respondents about what it took to maintain accountant/client relationships.
In order to provide a more complete context around how the economy changed the way small-business owners operate and view their business goals over the previous six months, Intuit reissued a portion of the survey to 250 small-business owners again in mid-January 2009.
RELATED ARTICLE: HANDLE FINANCIAL STRESS WITH THESE BRILLIANT TIPS
Here Are Key Findings from the Later Intuit Study
- Nearly 80 percent of small-business owners said they would feel more confident having an accountant as a close business advisor during difficult economic times.
- Small-business owners’ biggest concerns changed. They no longer worried about finding time to develop and run their business. This previously was the second largest concern in the summer 2008 survey. This means it dropped more than 50 percent in the January 2009 survey. In the later survey, it lands right before “keeping up with the competition” (6 percent).
- The number-one thing that keeps small-business owners up at night is paying their bills. In fact, 41 percent say their bills keep them up at night. This is a nearly 10 percent increase over the previous six months.
- The number of small-business owners that are “not at all” optimistic about the continued growth and success of their business nearly tripled in six months, from 7 to 17 percent.
- 73 percent of accountants proactively advise their clients on how to conduct business during an economic downturn.
Accountants Offer Expanded Services
In order to help small-business owners weather the economic storm, 66 percent of accountants increased services they offer. These services now include:
- Business consulting.
- Payroll services.
- Tax services.
- Bookkeeping.
- Online accounting.
More than 90 percent of accountants and small business owners are taking almost identical steps to help maintain the success and growth of their firms, including:
- Increased networking.
- Adding new services or products.
- Training and education.
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The Hermes Birkin handbag remains perhaps the most iconic symbol of opulence in the world of fashion. Created for actress and singer Jane Birkin, this handcrafted purse has risen above its status
as a mere accessory to become a fashion icon and investment piece that often increases in worth as years
go by. With prices beginning at five figures and waiting lists that can span years,
the Birkin represents the pinnacle of exclusivity in high-end accessories.
The History and Story
The Birkin handbag was born from a fortuitous meeting in 1984 when Jane Birkin, sitting next to
Hermès chief executive Jean-Louis Dumas on a flight from Paris
to London, expressed frustration over not finding a leather weekend bag that suited her needs.
Dumas promptly sketched a design on an airplane
sickness bag—and the Birkin was created.
Every Birkin is individually crafted by a single skilled
worker in France, needing between 18 and 25 hours to produce.
This detailed workmanship, combined with the use of premium
materials, results in both its hefty price tag and extraordinary durability.
Size Options and Types
The Birkin comes in various sizes, each marked by the bag’s width in centimeters:
Birkin 25cm: The most popular size currently, excellent for everyday essentials while
staying elegant and compact
Birkin 30cm: The standard size that merges practicality with elegance
Birkin 35cm: A larger option preferred for its roominess as a day
bag or for travel
Birkin 40cm: Not as popular, designed for journeys or as a bold fashion statement
Exotic Materials and Workmanship
Hermes procures the most exceptional materials for its Birkin bags, with options including:
Togo Calfskin: A long-lasting, pebbled leather with a gentle sheen
Clemence: A more flexible leather with a flat finish
Epsom: A grained printed leather celebrated for being lightweight and scratch-resistant
Swift: A refined leather with a natural sheen
Ostrich: Characterized by its unique quill bumps
Lizard: Featuring delicate, small scales in a distinctive pattern
Crocodile and Alligator: The most luxurious and high-priced options, displaying larger scales and
extraordinary luster
The Most Desired Editions
Among collectors and fans, certain Birkin editions
are distinguished for their remarkable rarity and
desirability:
Himalaya Niloticus Crocodile Birkin: Often referred to as “the Holy Grail” of luxury bags, this bag
displays meticulously dyed crocodile skin that creates a tonal effect reminiscent
of the Himalayan mountains. When adorned with diamond
hardware, these bags have sold at public sales for over $300,000.
Diamond Birkins: Featuring hardware covered in diamonds, these represent
the pinnacle fusion of handbag expertise and high jewelry.
Sellier vs. Retourne: Birkins come in two principal construction styles—the rigid Sellier with noticeable outside stitching or the more supple Retourne with internal stitching.
Limited Editions: Exclusive collections like the Faubourg (resembling the façade of
the Hermès flagship store) or Cargo (featuring additional
external pockets) demand significant premiums.
HSS (Horseshoe Stamp): These custom-made Birkins allow clients to personalize
color combinations and hardware, making them distinctive collector’s items.
Color Range
Hermès is renowned for its wide color palette,
with certain hues achieving legendary status among collectors:
Noir (Black): The traditional versatile option
Gold: A rich caramel tan that has become a characteristic Hermes color
Blue Electric: A bright, saturated blue
Rouge H: A rich Hermès red with brownish undertones
Taupe: A elegant neutral gray-brown
Craie: A delicate off-white shade
Vert (various green shades): From deep forest to bright
emerald tones
The Monetary Value
While luxury fashion items typically lose value after purchase, Birkins often increase in value—particularly rare colors, exotic materials, or limited editions.
The resale market for authenticated Birkins has developed substantially, with some styles gaining worth 14%
annually on average, outperforming traditional investment classes.
Genuineness Concerns
The Birkin’s status as a prestigious accessory has unfortunately led to a substantial market for fakes.
Authentic Birkins feature flawless craftsmanship with:
Accurate, even stitching
Superior hardware with proper engravings
A exact date stamp format
Included authenticity cards and proper packaging
The characteristic Hermès saddle stitch
Market Availability
Acquiring a Birkin directly from an Hermes boutique remains difficult, as the bags are not exhibited for
regular purchase. Instead, they are typically presented to established clients who have demonstrated
loyalty to the brand. This deliberate scarcity has only increased the Birkin’s mythical status
and desirability.
Cultural Impact
The Birkin has been featured prominently in pop culture, perhaps
most memorably in an episode of “Sex and the City” where Samantha uses a
client’s name to avoid the waiting list, and in many celebrity photos.
It has become a symbol for ultimate luxury and exclusivity, with collectors developing
entire “collections” of different sizes, colors, and materials.
Conclusion
More than just a purse, the Hermes Birkin symbolizes the meeting of masterful artistry, classic design, and strategic exclusivity.
Its persistent popularity despite its significant price point testifies to both its quality and the strong allure of owning something truly exceptional.
For fashion enthusiasts and collectors alike, the Birkin remains the ultimate
luxury item—a true legend that rises above fashion trends to
achieve the status of artistic masterpiece.
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The Hermès Birkin bag remains perhaps the most legendary symbol of luxury in the fashion world.
Inspired by actress and singer Jane Birkin, this meticulously crafted
purse has risen above its status as a mere luxury good to become a cultural phenomenon and investment piece that
often increases in worth with passing years. With prices starting from five figures and queues that
can span years, the Birkin embodies the height of
rarity in premium fashion items.
The Origin and Legacy
The Birkin bag was born from a chance encounter in 1984 when Jane Birkin, sitting
next to Hermes chief executive Jean-Louis Dumas on a flight from Paris to London, expressed frustration over not finding a
leather weekend bag that was practical enough.
Dumas immediately sketched a design on an airplane sickness
bag—and the Birkin was born.
Every Birkin is individually crafted by a single skilled worker
in France, requiring between 18 and 25 hours to finish.
This meticulous workmanship, combined with the use of outstanding
materials, results in both its considerable price tag and extraordinary durability.
Size Options and Varieties
The Birkin comes in several sizes, each indicated by the
bag’s width in centimeters:
Birkin 25cm: The most sought-after size currently, excellent for everyday essentials while continuing to be
elegant and compact
Birkin 30cm: The classic size that balances practicality with elegance
Birkin 35cm: A more spacious option chosen for its capacity as
a day bag or for travel
Birkin 40cm: More rare, designed for trips or as a statement piece
Premium Materials and Craftsmanship
Hermès sources the most exceptional materials for its Birkin bags, with options including:
Togo Calfskin: A sturdy, pebbled leather with
a gentle sheen
Clemence: A softer leather with a matte finish
Epsom: A structured printed leather known for being lightweight and scratch-resistant
Swift: A refined leather with a natural sheen
Ostrich: Recognized for its unique quill bumps
Lizard: Displaying delicate, small scales in a distinctive pattern
Crocodile and Alligator: The most prestigious and costly options, featuring larger scales and incredible luster
The Most Coveted Editions
Among collectors and enthusiasts, certain Birkin editions
are highlighted for their extraordinary rarity and desirability:
Himalaya Niloticus Crocodile Birkin: Often known as “the Holy Grail” of handbags,
this bag showcases meticulously dyed crocodile skin that creates a tonal effect reminiscent of the
Himalayan mountains. When adorned with diamond hardware, these bags
have sold at auction for over $300,000.
Diamond Birkins: Showcasing hardware covered in diamonds, these symbolize the highest fusion of handbag expertise and high jewelry.
Sellier vs. Retourne: Birkins come in two main construction styles—the firm Sellier with noticeable outside stitching or the more relaxed Retourne with internal stitching.
Limited Editions: Unique collections like the Faubourg (resembling the façade of
the Hermès flagship store) or Cargo (featuring additional
external pockets) demand significant premiums.
HSS (Horseshoe Stamp): These special-order Birkins allow clients to personalize color combinations and hardware, making them unique collector’s
items.
Color Palette
Hermès is celebrated for its wide color palette, with certain hues reaching legendary status among collectors:
Noir (Black): The classic adaptable option
Gold: A deep caramel tan that has become a defining Hermès color
Blue Electric: A intense, saturated blue
Rouge H: A intense Hermes red with brownish undertones
Taupe: A refined neutral gray-brown
Craie: A soft off-white shade
Vert (various green shades): From deep forest to bright emerald tones
The Investment Value
While premium fashion items typically decrease in worth after purchase,
Birkins often appreciate—particularly rare colors,
exotic materials, or limited editions. The pre-owned market for certified Birkins has developed substantially, with some styles gaining worth 14% annually on average, outperforming traditional investment classes.
Authentication Concerns
The Birkin’s status as a symbol of luxury has unfortunately led to
a considerable market for counterfeits. Authentic Birkins feature flawless craftsmanship with:
Precise, even stitching
High-quality hardware with proper engravings
A specific date stamp format
Accompanying authenticity cards and proper packaging
The unique Hermès saddle stitch
Market Obtainability
Acquiring a Birkin directly from an Hermes boutique remains demanding,
as the bags are not shown for regular purchase. Instead, they are typically
provided to loyal clients who have demonstrated loyalty to the brand.
This deliberate scarcity has only strengthened the Birkin’s
mythical status and desirability.
Cultural Impact
The Birkin has been featured prominently in media, perhaps most memorably in an episode of “Sex and the City” where Samantha uses a client’s name
to bypass the waiting list, and in numerous celebrity photos.
It has become shorthand for ultimate luxury and exclusivity, with collectors creating entire “collections” of different sizes, colors, and materials.
Final Thoughts
More than just a handbag, the Hermes Birkin symbolizes
the convergence of masterful artistry, classic design, and strategic exclusivity.
Its ongoing popularity despite its substantial price point speaks to both its superiority and the
powerful allure of owning something truly exceptional.
For fashion aficionados and collectors alike, the Birkin remains the ultimate luxury item—a
true legend that goes beyond fashion trends to achieve the status of
fashion masterwork.