{"id":81556,"date":"2021-01-03t12:00:43","date_gmt":"2021-01-03t17:00:43","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=81556"},"modified":"2023-08-28t02:03:03","modified_gmt":"2023-08-28t06:03:03","slug":"i-started-a-consulting-practice-the-first-week-of-march","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/01\/03\/i-started-a-consulting-practice-the-first-week-of-march\/","title":{"rendered":"i started a consulting practice the first week of march"},"content":{"rendered":"

five reasons it succeeded (so far) despite the pandemic<\/strong><\/p>\n

by bill penczak<\/i><\/p>\n

everyone is no doubt glad the dumpster fire of 2020 has finally ended and that we have a new year to celebrate.\u00a0\u00a0 the accounting industry has endured layoffs, pay cuts, further consolidation, and firms continue to seek ways to remain relevant as compliance services become more commoditized and margins continue to diminish.\u00a0 after contemplating the move for the greater part of 2019, in january 2020 i formed my articles of incorporation;\u00a0 in february set up my website;\u00a0 and in the first week of march, left my job running practice development for a firm that had been named the 5th<\/sup> fastest growing firm in the country the previous year to start my own consulting firm.<\/p>\n

more:\u00a0<\/b>re-thinking today\u2019s firm with five global leaders<\/a>\u00a0|\u00a05 things your firm should do differently this summer<\/a>\u00a0|\u00a0do you have the guts to beat the covid crisis?<\/a>\u00a0|\u00a0how to inoculate your firm against covid competition<\/a>\u00a0|\u00a0\u2018found money\u2019 delights clients<\/a>\u00a0|\u00a0the three r\u2019s for beating the corona crisis<\/a>
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two weeks later, everything shut down and i thought i\u2019d made the worst decision in my 40-year career.\u00a0 it turned out to be the best.<\/p>\n

fast forward to year\u2019s end, and i have four retainer clients, did a few projects for other clients, and have a healthy pipeline of other prospects. my business associates and advisors continually remind me that my role of helping firms create a sustainable process for growth and margin management became even more important during difficult times.\u00a0 in better economies, companies want<\/em> to grow more.\u00a0 in tough economies, they must<\/em>.<\/p>\n

as i reflect on the past year, there are five reasons my consulting practice thrived despite a terrible economy, shutdowns, and the other things that made 2020 a year to forget, but at the same time, to cherish.\u00a0 and perhaps lessons learned from which your firm may be able to benefit. read more →<\/a><\/p>\n