February 2011 Best Practices Tips
Every month we select some of the best ideas for practice improvement from the accounting literature. Here are the selections for February 2011. For the archive, click here.
| BEST PRACTICE | LINK TO ARTICLE RESOURCE IN CPA LEADERSHIP REPORT | DATE OF ARTICLE |
| Management/People/Culture | ||
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Micro-Niche Boutique: Consider forming one-- simply a subcategory of a niche that targets the special needs of a narrowly defined group of clients. |
Turbocharging a Practice Niche | February 2011 |
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Incentive Compensation: Incentives should be (1) linked to overall firm, as well as individual, performance (2) offer rewards substantial enough to motivate, and (3) readily understood. |
Compensation Program Should Reward Overall Contribution | February 2011 |
| Client Services | ||
| Adding Client Value: Two important things: 1) visit them, and 2) outsiders are more likely to generate ideas for improvement. |
Are You Changing Your Clients' Lives? | February 2011 |