112 search results for "by august aquila"

13 points of a good compensation plan

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man counting $100 bills into three pilesdoes your plan pit partners against each other?

by august j. aquila
what makes a great partnership

during the last 13 years i have focused a large part of my practice on helping firms develop compensation plans.

more on great partnerships: how mps can make a real difference | 10 steps to transitioning to a new mp | 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
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a critical element in keeping partners engaged is having a compensation system that rewards them for doing the right things. here’s what i found to be some of the best practices.
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how mps can make a real difference

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diagram of leadership model8 key activities.

by august j. aquila
what makes a great partnership

so, what do the truly successful managing partners do that differentiates them from their peers?

more on great partnerships: 10 steps to transitioning to a new mp | 5 ways to keep your edge | 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
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i will quickly summarize the results of our research, which entailed us interviewing 150 practicing and managing partners in a cross-section of consulting, accounting and law firms across europe and the u.s., before focusing on the things great managing partners did to ensure they were always at the top of their game.
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10 steps to transitioning to a new mp

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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
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knowing when to pass the baton and how to pass it are critical decisions every firm will have to make.
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5 ways to keep your edge

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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
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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?
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what managing partners should be doing

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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.
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the toughest job in the world: managing an accounting practice

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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.
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11 things all partners must do

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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.
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do your partners pay their own way?

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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.
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how to become the firm of choice

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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?
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when partners need written goals

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undervater shoot of swimming pool with swimmer holding both thumbs upthree questions to ask yourself.

by august j. aquila
what makes a great partnership

if we achieve what we measure, then is it true that we become what we think about most of the time?

more on great partnerships: 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 | how to build a better firm through teamwork | 8 questions to analyze your pricing | 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.

philip e. humbert, ph.d. wrote, “the human brain is a goal-seeking, problem-solving machine, and the things we think about, focus on and worry about inevitably shape our destiny.”
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survey: mergers spur growth

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five businesspeople shaking hands under office skylightleadership, succession planning remain challenges.

by august aquila
the rosenberg map survey

the majority of my clients had a very good year in 2015.

more from the survey: don’t just win work, figure out why | talent wars, m&a frenzy continue | next-gen leaders getting restless | mergers keep racing forward  | do you have a firm or a co-op? | accountability, equity, compensation are concerns | map survey top 10 findings | cpa firm revenues rise a hefty 8%
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

there were two primary reasons for their growth. first, many did more mergers than the year before, and second, they were acquiring more business advisory firms. one client told me that “they had enough accounting work and didn’t want any more, but would certainly be interested in acquiring a consulting firm.”
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7 keys to becoming an equity partner

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woman and man silhouetted against office windowdoes everyone in your firm know what the expectations are?

by august j. aquila
what makes a great partnership

with the recent turn in the economy, equity partners are finding that there is no longer a lifelong tenure guarantee. senior managers and non-equity partners are wondering whether or not they even want to become equity partners.

more on great partnerships: five factors for measuring a partner’s value | 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? | innovate or die | partners love, hate leadership | 8 ways leaders destroy firms
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

for the most part, firms have been selective about who they take into the partnership. however, when the economy was running hot and finding a warm body to fill spots was a real challenge, the partnership bar was certainly lowered in many firms. today, that bar is being raised again.
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five factors for measuring a partner’s value

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word "goal" made up of four jigsaw puzzle piecesif there aren’t goals, what do you measure?

by august j. aquila
what makes a great partnership

in an accounting firm, profitability is generally the result of the firm’s combined talents, business management skills, internal systems and value proposition to its core clients.

more on great partnerships: 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 | 3 ways to halt a poor leader | 8 questions that staff ask in a merger | 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.

therefore, many factors must be considered when determining the value of a partner to the firm, for example:
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