Why it's Great to Be a Small Firm
Source: Solutions for CPA Firm Leaders
The following includes excerpts from a blog entry, reproduced with permission, by Rita Keller.
Some of my favorite and most successful clients are smaller CPA firm leaders.
For the purpose of this post, I am talking about sole practitioners. Or, maybe I should say sole owners because being a “sole” doesn't mean you don't employ a number of great team members.
Advantages of being a sole:
- Quicker decision-making.
- Ability to quickly implement the newest and coolest ideas. (I am often amazed when I hear of very small firms that are not paperless yet. It is so much easier with a small firm with fewer people to train and win over.)
- Clear, concise communication is easier (or it should be!).
- Freedom to try things, make mistakes and learn from them (without justifying everything to your partners).
- Not as many operational and administrative layers; more time to focus on clients and client service.
- Quicker implementation of the latest technology (again, not as many people to train and not as many political battles).
- I find great loyalty from team members inside small firms; they really feel and act like it is their firm.
People working for a firm that has grown during the last “boom” years, sometimes tend to look down on small firms and sole practitioners. Perhaps, they should think again. I find that sole practitioners are a whole lot happier than many of my other clients and friends who are in larger firms.
To read the entire blog entry click here.
From Solutions for CPA Firm Leaders, the blog of Rita Keller, president of Keller Advisors, LLC, [email protected], August 9, 2010, “Small Can Be Very Cool.” Visit http://blog.ritakeller.com/