top three tips for 2020 success

as talent wars drive tech strategies.

by sarah dobek

heading into the new year, firms are diversifying their services to strengthen their position in the market and gain the ability to go deeper with clients.

more: 2020 outlook: where do you want to be? | 2020 outlook: dicey disruptions | 2020 outlook: upstream mergers | 2020 outlook: staffing gets creative
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the most popular new offerings are wealth management, client accounting services and some version of consulting.

however, the majority of firms are struggling to define and build out their consulting practice. there is still a lot of confusion between consulting and advisory services.
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2019: doing more with less

also closely examined: whether clients are the right fit.

by sarah dobek
the rosenberg survey: national study of cpa firm statistics

it’s all about transition. the transition of leadership feels like it’s peaking at a lot of firms. if firms aren’t on the tail end of a transition, they’re in the middle of it.

more from the map survey: 2019: the biggest tech changes yet | why you need a tech strategy consultant | 2019: why small firms shun mergers | 2019: expect more alliances | 2019: firms grapple with change | staff policies improve, but not mentoring
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among these transition opportunities, we’re noticing a few things.
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survey: many firms in transition

pair of men's black shoes with words "are you ready?" written above toesare you walking or just talking?

by sarah johnson dobek
rosenberg map survey

we saw 2016 as the year of transition for many firms.

more from the map survey: technology playing center stage in cpa profession
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for firms that have been making the changes to grow and adapt to the marketplace, they had a good year. for many other firms that had been doing more talking than doing, we saw them struggle. growth was down or nonexistent.
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6 tips for fostering leadership in your organization

smiling businessman in front of his boss3 each for current and future leaders.

by sarah johnson dobek
bridging the gap

encouraging new leaders and creating smooth transitions are easy goals to identify. homing in on specific tactics to accomplish these broad objectives can be much more difficult.

more: 3 ways to keep your team members connected, engaged and energized | marketing is not just for partners anymore | growing, developing future leaders is a two-way street | the culture of continuous improvement | a winning culture is an intentional culture | a call for change: an open letter to each generation
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this post offers practical suggestions from current leaders at firms that are finding success at developing the leadership capabilities of younger team members.
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three secrets of high-growth accounting firms

the most successful firms have a lot to teach the rest.

by sarah johnson dobek
inovautus consulting

when it comes to accounting firm growth, there is a distinct gap between the growth rates of the best-performing firms and the rest of the pack.

more dobek:   |  five ways to grow new service lines  |  how crisis illuminates your biz dev skills   |  how crisis illuminates your biz dev skills  | how crisis illuminates your biz dev skills | don’t confuse marketing with biz dev  | do you ask the right questions to deepen client relationships?  | advisory services: real commitment or just talk?  | covid: learning how to operate in the new normal

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an ipa survey reports the top firms are growing at a rate of 7%, compared to a paltry 2.8% for the average accounting firm.

  • how do these firms grow at such a higher rate?
  • what’s their secret?

we see three things high-growth firms do that average firms don’t. read more →