Posts Tagged ‘growth’
7 Reasons CPA Firms Don’t Achieve the Growth They Desire
Growing a CPA firm isn’t easy. There are many dynamics that must align to get a team rowing in the right direction. With a distinct gap between growth rates of the best-performing firms and the rest of the pack its no surprise that high-growth accounting firms have a “secret sauce.” In this blog post, we’ve identified 7 reasons why…
Read MorePreparing Your Firm for an Upstream Merger or Sale
With all of the merger activity in the accounting profession today, there is a good chance your firm has been approached to consider an upstream merger or sale. Perhaps you are seeking that as a way to address strategic needs your firm has such as the pressure to provide succession for soon-to-retire partners. Keep in…
Read MoreRefresh and Repeat
It’s a new day. I love the optimism associated with that. Just like the document where I have begun typing, it is blank, clean, bright and full of optimism and potential. Only we rarely approach each day with this type of optimism. We reserve it for New Year’s Day, new jobs, new beginnings. We almost…
Read More2016 CPAFMA Technology Survey Findings-Workstations
The CPA Firm Management Association recently conducted its first comprehensive technology survey tailored specifically to member firms with the goal of identifying the applications, products and processes utilized by peers. Where possible, the survey attempted to identify which applications firms are moving to in the cloud compared to traditionally on-premise managed solutions. The survey was…
Read MoreCyberbullying. Social Bullying. Peer Pressure Bullying.
Cyberbullying. Social Bullying. Peer Pressure Bullying. The topic of youth bullying has gained a lot of attention over the past several years. You have probably read the stories and watched the videos of organizations working to end this epidemic that has been plaguing our school systems. You have probably talked to your children about bullying-…
Read MoreReferral Relationship Basics – and a Fresh Idea!
As firms seek to cultivate growth, referral sources continue to rank at the top of the list for developing new client opportunities. Referral relationships take time to mature and develop, and are built on a foundation of trust that we tend to protect like a parent protects their children. Because we hold referral relationships so…
Read MoreFailure is Not Fatal
Although, it feels like it sometimes. Sometimes we have high hopes and expectations and we’re working our plan for our career or organization – then, suddenly it comes to a halt because of a mistake we make or some other unforeseen circumstance occurs. “Success is the ability to go from failure to failure with no loss…
Read MoreThe Role of Effort Today
“I’m a great believer in luck, and I find the harder I work the more I have of it.” – Thomas Jefferson If there is something that truly troubles me these days, it’s a nagging fear that our nation is losing its competitive edge and that, once lost, it will take a Herculean effort to regain. While…
Read MoreWhat’s in Your Head Can Make, or Cost, You Millions
While I’ve long since given up my boyhood hopes of becoming a superhero, I continued to hold on to the notion that there was some special, magical “something” out there that allows us to have all the great things we want in life, and little or none of the bad stuff. Fortunately, to my surprise,…
Read MoreTying a Transition Plan for Retiring Partners to Your Partner Agreement
The valuation used to determine the terms for paying retired partners will never make sense unless you assume the firm will at least perform as well as it did before the partner retired. Some firms can never get comfortable with the concept of fixing the obligation to retired partners at the date of retirement. The…
Read More