The Leadership Forum ReportWisdom from Thought Leaders in the Accounting Profession Vol. 1 No. 8, August 2009 |
In fulfilling our commitment to continuous improvement in CPA firm management, CPA Leadership Institute has created the Leadership Forum , a panel of the most prominent thought leaders in the profession. Each month we ask them to respond to a question dealing with CPA firm management and leadership.
This month’s question is: Given the current state of the economy and the likelihood that the recovery will be slow, is now the time for slow growing, 3 to 15 partner firms to merge up? If they want to remain independent what must they do? Can they successfully compete in a world where consolidation is pervasive?
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Consultants and Other Prominent Observers
| August J. Aquila | Aquila Global Advisors |
www.aquilaadvisors.com [email protected] |
| Three partners in the late 50's or early 60's without any younger partners would most likely sell the practice. Three partners in the early 40s would be in a good position to acquire another practice. More | ||
| Larry Bildstein | The Whetstone Group | www.thewhetstonegroup.com [email protected] |
| … smaller firms need to identify their differentiation from larger firms. One way to differentiate is to identify a target market they can profitably serve that the larger firms aren’t necessarily focused on or good at serving. More | ||