CPA Leadership Journal
It has become common in progressive firms for the partners to involve their Senior Managers and Managers in all or part of the annual partner retreat. Usually, the shareholders reserve an additional day to meet by themselves. I believe it is just as…
Capturing and building on the right metrics is a valuable part of creating an ultra-successful firm. The good news? Metrics and data are a comfort zone for so many CPAs. However, it’s important to be able to focus on the metrics and key performance…
You have spent two days with your fellow partners focusing on the future of the firm. You have made the investment in a qualified facilitator. Before the group departs, use that facilitator to help you do some wrap-up steps. As Yogi Berra is famous…
What strategies should your firm be considering to not just survive, but thrive in the current economic climate? One viable option is to expand your advisory services, not only because there are many advisory opportunities out there, but because the…
I have written often about the importance of branding and how being visible helps build your firm brand and it is also how you build your personal brand. Here is a link that will take you to a search I did on my blog for stories about brands and…
Overview As the economic recession and health concerns in our nation are at a pivotal point and closely linked in a “Perfect Storm,” strategic-oriented CPA firm leaders will take more of a holistic approach to manage and lead their firms. As CPA firm…
In our previous article we summarized a methodology for setting a growth goal and provided the model for evaluating the source of the revenue based on the strategic growth alternatives available to your firm. (If you need a review, you can access…
What will it take for your firm to sustain revenue growth? Before you start spending time and money on marketing and sales activities, establish a framework with strategy. How to achieve a growth goal First, set realistic growth goals. Plan not only…
When it comes to accounting firm mergers, there have always been big fans—and those who want to keep their distance. Life in the COVID-19 economy has not changed those approaches. Some advocates are passionate and bullish; some are more negative or…
Many mergers are pursued for reasons that are not adequately justified including: Overhead Reduction . Some firms consider merging for the single purpose of reducing overhead. There may be better ways to use up excess overhead, including getting rid…
You have worked hard for many years. You became an owner (a partner) in your accounting firm. Along the way you have received lots of feedback pertaining to your weaknesses. Of course, you listen and attempt to devote some attention to improving in…
This article is based on a webinar presented by Phil Whitman and David Wolfskehl of Whitman Business Advisors , and hosted by CPA Leadership Institute. What will the accounting firm of the future look like? Here are a few of the changes happening in…
“Turnover can be one of the most expensive problems at a company.” – Shawn Achor As usual, within the CPA profession, there is no one answer to a management question. Recently, on the topic of turnover, I am hearing lots of stories. We are all…
This article is based on a webinar presented by CPA practice management consultant, Gary Adamson and hosted by CPA Leadership Institute. When it comes to partner compensation, what are the two most common success criteria for partners? Personal…
The COVID-19 pandemic has forced many changes in the accounting industry and its clients. Some of these changes were ad hoc, temporary, and unpolished, and unfortunately, we will need to continuously address the effects of the pandemic for quite some…
