forecast
the five treacherous factors hobbling today’s cpa firm
crumbling firm infrastructures, succession, the economy, staffing shortages, and shake-outs.
by 卡塔尔世界杯常规比赛时间
annual map survey
the new rosenberg map survey reveals a few significant things about the state of the accounting business—that growth and profit-per-partner are growing at a negligible rate and that intangible people issues are becoming painfully tangible, for example. but some more subtle truths emerge in the gimlet-eyed observations of those who advise cpa firms.
more on the 2016 outlook & forecast: cpa firm growth rates hit a wall | the five treacherous factors hobbling today’s cpa firm | sam allred: change agents needed | tamera loerzl on growth, succession plans critical for firms | allan koltin on talent wars go from white gloves to boxing gloves | get the full report: the rosenberg map survey
these truths are not self-evident. but with a little analysis, five trends emerge vividly – trends impacting cpa firms large, small, and middling. so it’s worth having a look:
2014 roundtable: no shortcuts to sustainable growth
firms come to understand success must be organized and leader-driven.
see the complete 2014 roundtable
by gale crosley
crosley co.
analysis
firms are realizing that growth is a more sophisticated game, and we are never going back to the “hang out your shingle” days. succession issues are playing a major part in motivating firms to take a hard look at how they are going to grapple with sustainable growth.
when the business world was somewhat predictable, growth could be counted on. but there are too many complexities today to count on the past as a predictor of the future. globalization, social media, innovation, regulation, competition — these are just some of the dynamics at play. the way business was generated by our seasoned partners will be quite different from our future leaders. this awareness is becoming more acute as sluggish economic conditions continue. read more →
2014 roundtable: talent shortage makes overhiring worth the risks
as one generation ages out, a new one reshapes the future of the profession.
see the complete 2014 roundtable
by stephen weinstein
analysis
we’re experiencing a hiring shortfall — the supply of people to hire has dried up quickly. the reprieve in the recruiting market from 2008 to 2013 is over! read more →
2014 roundtable: firms that ‘get’ women stand to win the talent wars
on new leaders, staffing, ex-partners, and four new predictions.
by rita keller
ritakeller.com
analysis
women — the area of retaining and promoting females in public accounting continues to be a big challenge for many firms.
i like to compare it to life, in general. men always have been and continue to be puzzled by women. in the business world, there have been many great books written to help women better fit into the game of business. the much talked about book “lean in” by sheryl sandberg (coo of facebook) is an example. the biggest challenge in public accounting is getting women and men to read such books. read more →
2014 roundtable: re-thinking the staffing model
as one generation ages out, a new one reshapes the future of the profession.
see the complete 2014 roundtable
by tim michel
michel consulting group
analysis
firm growth has improved overall from the last several years and firms are increasing profitability again. but firms are dealing with several major issues, some brought about from the recession, and some brought about from their internal circumstances.
the recession caused many firms to cut back on staffing and hiring. their partners and managers recorded more charge hours as they felt they needed to be more productive and often did not have the staff to delegate to.
in the last year, many firms are flnding they do not have the staffing model they need to continue to grow. it seems every firm is looking for that three- to five-year person, especially in the tax area. read more →
2014 roundtable: tax season tech boom
buying opportunity: firms trailing the tech curve will need to merge out – cheap.
see the complete 2014 roundtable
by roman kepczyk
xcentric
analysis
firms are getting optimistic again and gearing up for slow steady growth. we are seeing investments in many specific technologies (workflow, cloud, remote access, security, byod) and projects targeted for handling this growth.
outlook
i think cautionary investments will be the rule and we can expect to see major activity coming out of busy season for both investments in firm technology and processes, particularly cloud applications that are more secure, available from any internet-enabled device and less expensive. read more →
2014 roundtable: partners already checked out
passion. succession. growth.
see the complete 2014 roundtable
by august aquila
creating the effective partnership
analysis
the biggest issues that i am seeing revolve around partner engagement (commitment), succession issues and growth. the economy has been pretty much in a no-growth environment the last 12 months.
markets are becoming saturated by the national and super-regional firms. many secondary markets now have five or more of these players going after the same clients. the result is that this competition drives down fees and we are training clients to constantly go out for bids.
outlook
i personally don’t see a lot of change in the economy in the near future. succession, growth, commitment will continue to be major issues for a lot of small to mid-size firms.
2014 roundtable: replacing the rainmakers
next-gen leapfrogging. aggressive pricing. widening gaps.
see the complete 2014 roundtable
by jeff pawlow
the growth partnership
the demographic tsunami is upon us with firms finally being forced to face what the successor generation is going to look like. loyal technicians are next in terms of tenure, but i see many next-gen practitioners leapfrogging these long-term managers / non-equity partners and landing in key firm leadership roles instead.
opinions are mixed when it comes to the overall economic outlook. the recession may be falling behind us but main street doesn’t seem to have recovered as quickly or as deeply as in the past. as a result, we continue to see very aggressive pricing in the market, which is placing pressure on some long-held client relationships.
outlook
anecdotally, we see the business development and leadership development areas of our practice growing, which suggests a deeper level of engagement by most firms in these areas going forward into 2014. read more →
2014 roundtable: the gloves are off
mandatory retirements.
see the complete 2014 roundtable
by allan koltin
koltin consulting group
analysis
first — people, people, people. i believe the white gloves have officially come off when it comes to recruiting talent from other firms in our industry. i’m seeing much more sophisticated strategies in terms of how firms target talent and, more precisely, go after that talent. read more →
survey results: despite fiscal cliff, accountants remain relatively upbeat for the year ahead
not so sure, however, about their clients or the rest of the u.s.
click here to take survey and get the results.
tax and accounting professionals are entering 2013 with deep concerns about the u.s. economy, but are more confident about their abilities to survive and thrive nonetheless, according to a new 卡塔尔世界杯常规比赛时间 poll.
the poll compares the industry’s confidence levels for the economic outlook in four areas: themselves and their families, their firms or organizations, their clients and customers, and for the nation in general. the discrepancies are sometimes jarring – and their remarks reveal much about the industry’s psyche, as well as some business strategy. read more →
the 卡塔尔世界杯常规比赛时间 top 20 topics for 2013
clues to new challenges and opportunities. by rick telberg the list of the top 20 most-clicked articles at 卡塔尔世界杯常规比赛时间 provides a roadmap to the profession’s anxieties, aspirations and, just maybe, a glimpse into what 2013 holds. key issues … continued
why 9% of firms flourish even in bad times
a four-pronged approach to weathering any economic storm.
by sandi smith, cpa
according to an article published in harvard business review, three scientists, ranjay gulati, nitin nohria, and franz wohlgezogen, conducted a study to discover the strategies that generated the most – and the least – profits in lean times.
more small-firm success tips at 卡塔尔世界杯常规比赛时间: ‘there is no such thing as a time problem’ • 15 off-the-hook ideas for accountants to dream big • 3 money leaks that may need plugging in your business • seven tips to keep the clients you have • how to attract clients like a magnet • eleven easy ways to deliver more value to clients • five things accountants take for granted that costs them revenue • what’s in your new client funnel? • what’s in your welcome kit for new prospects? • five fun and easy ways to wow your clients • six ways to give yourself a raise • strategies to stop losing business to competitors • five tips to manage your ‘overwhelm’ level • easy ideas for a quick business boost • four new mega-trend marketing strategies • how to stop leaving money on the table
first, here’s a list of sure-fire ways to kill your business: read more →