Slowing Your Growth

Source: Practical Accountant

Argy, Wiltse & Robinson, P.C., in McLean, Virginia, decided to slow its growth to keep control. The firm couldn’t hire enough people to continue its rapid growth, which was impacting its culture. Identifying and eliminating problem clients, and loss of clients through sales, have brought the growth rate down to the 20 percent target rate.

In a very short time period, the firm has succeeded in becoming one of the top 100 firms. The formula for this success is hiring top quality people by offering a work/life balance program. These people refer other top quality people to the firm. In addition, investing in technology has improved efficiency and morale.

From Practical Accountant, October 2007, SourceMedia Inc., One State Street Plaza, 27th Floor, New York, NY 10004, 800-221-1809. For the complete article click here, and select the article Slowing Growth for Culture and Infrastructure.