A Must-Read Digest for Busy CPAs, reviewing important ideas from nationally published articles on CPA firm management and leadership
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home | Best Practices Finder | December 2009 Best Practices Tips
 

December 2009 Best Practices Tips

Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for December 2009. For the archive, click here.

BEST PRACTICE LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT DATE OF ARTICLE
Management/People/Culture
Partner Compensation: A subjective compensation system is more effective than a system driven by book of business, etc., in getting partners to think long-term. Is Your Compensation System Holding You Back? December 2009
Performance Reviews: Immediate feedback, especially if something needs improvement, is much more important than any formal, sit-down, go-thru-the-forms process. Quick Feedback More Important Than Formal Performance Reviews. December 2009
Unique Abilities: It's easier to get more leverage from your strengths than your weaknesses. Don't ignore your weaknesses but don't give them more than 5-10% of your attention. Leaders Should Not Dwell On Their Weaknesses. December 2009
Client Services
Client Relationships: Client focus should not be about winning competitive battles, but increasing the collaborative relationship with clients themselves. Are Your Client Relationships Dysfunctional? December 2009
Marketing
Websites: Don't put valuable content and tools in client-only sections of your Web sites. Put them "out front" where non-clients can see how brilliant and generous you are. Your Clients Don't Care About Your Web Site December 2009



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