Training Your Firm’s Future Leaders

Source: Practical Accountant

Training leaders is more important than ever. Some reasons: 

·          Retirement of Baby Boomers will increase the need for succession planning,

·          Young people expect leadership responsibilities sooner.

·          Leadership training can help keep people with the firm.

Some of the problems leaders face are: 

·          Dealing with fee complaints.

·          Making client meetings more consequential.

·          Improving the value of feedback to others.

·          Keeping staff with the firm.

·          Developing more business with existing clients.

The best training is given by the partners of the firm rather than outsiders. It is more practical. Senior partners have a wealth of real-life experience and a lot of wisdom to impart. There is a misguided tendency to impart this wisdom in long sessions once or twice a year. But people don’t learn in long sessions as well as in shorter recurrent sessions throughout the year. 

For the complete article, see Practical Accountant, March 2005, which can be found at

http://www.webcpa.com/article.cfm?articleid=10973&;pg=pracacc.