Checklist for a Successful Practice

Use the following checklist to evaluate your firm. The more items on this list that describe your firm, the better your firm will be. These are highlights. Access the complete list via the link below.

For the owners

1. Practice is run like a business
2. Accountability and responsibility to each other
3. Teamwork and personal development
4. A balance between work and non-work life

For the employees

1. Happy, well-trained, not over-worked, but productive
2. Good opportunities for growth
3. Good work/family balance
4. Owners' success is very important to you
5. Practice has a plan for developing future owners

For the clients

1. Firm can assist in multiple service areas
2. Firm is the clients' business partner
3. Firm goes beyond what must be done to what can be done
4. Firm is recognized as a leader in providing proactive advisory and other services
5. Firm helps clients succeed in achieving their goals
6. Clients are so wowed they become the best sources of new business

For the complete article, read "What does a successful CPA firm look like to you?"

From Partner Insights, December 2012, Aquila Global Advisors, LLC, http://www.aquilaadvisors.com.