{"id":56597,"date":"2018-11-30t12:00:13","date_gmt":"2018-11-30t17:00:13","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=56597"},"modified":"2018-12-03t09:13:38","modified_gmt":"2018-12-03t14:13:38","slug":"are-you-too-small-to-endure","status":"publish","type":"post","link":"\/\/www.g005e.com\/2018\/11\/30\/are-you-too-small-to-endure\/","title":{"rendered":"8 steps to small firm survival"},"content":{"rendered":"
<\/a><\/em>go big or go deep: here’s how. by domenick j. esposito<\/i> there are approximately 14,000 multi-partner cpa firms in the u.s. and yet, according to accounting today\u2019s 2018 top 100 firms survey, only 100 firms had annual revenues of at least $40 million; the median revenue was approximately $86 million.<\/p>\n more on strategic planning: <\/b>don\u2019t have partner candidates? whose fault is that?<\/a> | how partners fail<\/a> | is it time to manage your receivables like a real business?<\/a> | mine vs. yours vs. ours<\/a> | 22 things leaders must do<\/a> | 21 questions to help unlock accelerated growth<\/a> | m&a candidates: valuations and vetting<\/a> the statistics are staggering. we have many small cpa firms in this country serving the mid-market and, regardless of size, in this emerging economy many firms are finding it difficult to organically grow their audit\/tax practices at an acceptable rate (say 6 percent to 8 percent per annum). without healthy profitable growth on the top and bottom lines, any firm will struggle and ultimately die.
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