10 steps to transitioning to a new mp

senior businessman and another businessman talkingplus 4 questions to answer if the mp is staying with the firm.

by august j. aquila
what makes a great partnership

one of the most difficult events that a firm faces is the transition of power from one managing partner to another, especially when it’s the first time.

more on great partnerships: 5 ways to keep your edge | 5 reasons that leaders fail | 11 things all partners must do | why partners need written goals | the 6-step plan for transitioning clients | fighting restraining forces | chemistry and mutual respect matter | great cpa firm partnerships begin with trust | the 4 best ways to use pre-retirement partners
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

knowing when to pass the baton and how to pass it are critical decisions every firm will have to make.
read more →

5 ways to keep your edge

number 5 drawn in sandhow to climb back when you’re stuck in a rut.

by august j. aquila
what makes a great partnership

have you even wondered why in good times or in bad it seems that managing partners of professional service firms fail?

more on great partnerships: 5 reasons that leaders fail | what managing partners should be doing | do your partners pay their own way? | 7 keys to becoming an equity partner | how and why to achieve partner unity | how you can get partners to change | why expectations must be defined | are you driving your best partners crazy? | 7 warning signs for your firm | the checks and balances your firm needs | don’t weed out the roses | back to basics: 25 ways to grow your practice
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

what happens to them? do they get stuck in a routine? do they fail to see the next issue coming down the road? do they stop thinking about what is critical for success? or, do they spend too much time with clients, with dysfunctional partners, or with all the other noisy, but unimportant things that can pull them from their purpose?
read more →

5 reasons accounting firm leaders fail

confused figure sitting at base of signpost with three directional arrowsnip these in the bud as soon as you see them.

by august j. aquila
what makes a great partnership

several years ago there was an interesting article in fortune magazine. it dealt with the topic of why ceos fail.

more on great partnerships: what managing partners should be doing | the toughest job in the world: managing an accounting practice | how to become the firm of choice | five factors for measuring a partner’s value | why accountability counts | communication goes both ways | why shared values are important | why ‘walking together’ is so important | 6 ways to pay partners | how to build a better firm through teamwork | 8 questions to analyze your pricing | 24 points for after the deal is done | 5 questions for every mp to answer honestly
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for example, “chainsaw al” dunlap was let go by sunbeam after two years of years of dismal performance and questionable conduct. what do cpa firm managing partners have to learn from corporate america?
read more →

what managing partners should be doing

how do you measure up against these 8 factors?

by august j. aquila
what makes a great partnership

the responsibilities of a managing partner can be captured in the following two paragraphs:

more on great partnerships: the toughest job in the world: managing an accounting practice | 11 things all partners must do | why partners need written goals | the 6-step plan for transitioning clients | fighting restraining forces | chemistry and mutual respect matter | the 4 best ways to use pre-retirement partners | drop politics, be accountable | what makes a successful strategic plan? | 8 ways leaders destroy firms
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

general responsibilities include reporting directly to the governing committee and the firm, being responsible for the firm’s overall management and practice, supervising the overall marketing and business development effort, managing the professional staff and providing guidance for the support staff.
read more →

the toughest job in the world: managing an accounting practice

5 arrows curving upward5 tips for better firm management.

by august j. aquila
what makes a great partnership

wanted: managing partner

requirements: unique individual who can lead a group of independent-minded professionals; keep some semblance of normality; deal with super egos, unproductive partners and dysfunctional partners; grow the business, stay competitive in a rapidly changing and unfriendly environment, and figure out how to compensate everyone fairly. interested parties should send resume and salary requirements to box aa.

why would you want this job?

more on great partnerships: do your partners pay their own way? | 7 keys to becoming an equity partner | how and why to achieve partner unity | how you can get partners to change | are you driving your best partners crazy? | 7 warning signs for your firm | don’t weed out the roses | back to basics: 25 ways to grow your practice | 3 ways to halt a poor leader | 8 financial ducks to line up now
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

managing a practice today has never been more difficult, but it doesn’t mean that it’s impossible or not rewarding. it all depends on your focus and your willingness to solve the important problems at hand.
read more →

11 things all partners must do

two businessmen discussing a projectit comes down to this: what does being a partner mean?

by august j. aquila
what makes a great partnership

partners are the culture in a professional service firm – what they believe, what they reward, what they do and how they do it determines what and how things get done.

more on great partnerships: do your partners pay their own way? | how to become the firm of choice | five factors for measuring a partner’s value | why accountability counts | communication goes both ways | 6 ways to pay partners | 8 questions to analyze your pricing
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but one of the problems we consistently hear about is the lack of clarity in what being a partner means. and in the absence of clarity, the partners typically fill the gap by doing what they think it means, with all of the differences of thought and behavior that inevitably brings. it’s these differences in behavior that result in firms failing to maximize their potential.
read more →

do your partners pay their own way?

portrait of a businesswoman presenting at a meetingincluded: both objective and subjective criteria.

by august j. aquila
what makes a great partnership                                                                

while times may be good for many cpa firms, we should not forget that firms cannot afford to have partners who coast or are unable to pay their own way.

more on great partnerships: why partners need written goals | the 6-step plan for transitioning clients | fighting restraining forces | chemistry and mutual respect matter | great cpa firm partnerships begin with trust | work together better in 11 steps | what makes a successful strategic plan? | partners love, hate leadership
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

firms are expecting more from their partners. it doesn’t mean that partners have to work longer hours, but it does mean that partners need to contribute more to the economic value of the firm and learn how to work smarter.
read more →

how to become the firm of choice

august aquila: "at the end of the day, the partners are the culture of the firm."3 steps to take now.

by august j. aquila
what makes a great partnership

just think for a moment. your firm reaches the lofty goal of becoming the firm of choice in your given markets.

more on great partnerships: why partners need written goals | 7 keys to becoming an equity partner | how and why to achieve partner unity | how you can get partners to change | why expectations must be defined | 7 warning signs for your firm | don’t weed out the roses | 3 ways to halt a poor leader | 8 financial ducks to line up now
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

you now win the best clients, you are able to recruit and retain the best people and you increase firm profitability. what’s not to like about this?
read more →