can you afford to be a sponsor?

man pointing at computer screen while woman works, both smilingthe cost is in political capital.

by ida o. abbott
sponsoring women: what men need to know

most sponsorship occurs informally, without any structured or programmatic context. informal sponsor-protégée relationships usually start in one of three ways.

the most common way is when a senior manager or partner

  • identifies someone as a star performer,
  • believes that she has what it takes to succeed and
  • wants to make that success happen.

more on sponsoring women for leadership: how protégées can help sponsors | beware misunderstandings about work relationships | women must see politics as leadership | bias persists against women with children | 5 ways women get shoved aside | why men don’t see women as leaders | thanks for the advice, but i’d really prefer a promotion | 18 ways to boost your protégée | why cpa firms need more women | protect your protégée from flextime saboteurs | use others to promote your protégée | 8 ways sponsors can highlight opportunities

the sponsor recognizes her talent and potential while they work together or when he observes her at work and is impressed by her ability. as the two work together their relationship grows.
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partners love, hate leadership

aquila leadership context modelmanagement can’t be left to others. (drat!)

by robert j. lees, august j. aquila and derek klyhn
creating the effective partnership

regardless of their ownership structure, most firms either operate as partnerships or would prefer to operate as partnerships.

more on leadership for pro members: 8 ways leaders destroy firms | the 4 best ways to use your senior partners | 11 steps to building a better partnership team | 6 things leaders must do | how to build a growth-centric pricing strategy | how to combine two firms after merger: carefully

the tensions between being a business and the loss of the values and ethics of being a partnership feature strongly in our research.
read more →

8 goal types for leadership, accountability

numbered running track at a stadium“production” and “client service” aren’t specific enough. nail it down.

by auqust aquila
creating the effective partnership

as leaders of a firm, partners need to do more than pay for themselves and contribute to overhead expenses. their duties to the firm and to each other extend to bringing in new business, improving their own skills as well as developing skills in others, contributing to strategy and a passion for continuous improvement in all things.

more on leadership for pro members: 8 questions that staff ask in a merger | does your dashboard need fine-tuning? | 6 practical ways to innovate | the 4 best ways to use your senior partners | today’s top six partner compensation trends | why your firm should be a republic | partnership is about persuasion | 6 things leaders must do

most firms don’t take enough time to develop meaningful partner goals because it is a very time-consuming process. but, if you want to get better results in this highly competitive environment, this is the road you need to take.
read more →

management styles: partnership vs. corporate

"that's okay i don't know what the chart means either."bonus checklist: 25 best practices for managing partners.

by marc rosenberg
cpa firm retreats

in firm management and governance, we find two distinct management styles: partnership vs. corporate.

partnership style. democracy heavily impacts the way partnerships are governed. in a democracy, every partner has a vote and there is a “majority rules” mentality. a system of checks and balances prevents leaders from becoming dictators. the “citizens” want a reasonable amount of input into decisions.

more on retreats: 30 marketing and growth questions to cover at a retreat | how marketing for cpa firms is different | why create a marketing plan? | thinking of merging? discuss it at a retreat | how to take action after a retreat | 12 simple rules for a retreat | leave your retreat with a to do list | every retreat needs a leader, but who? | retreats are no place for clowns | who should participate in a retreat? | retreat logistics: how long, what kind? | what should cpa firms discuss at retreats? | why do cpa firms conduct retreats?

in a partnership style, partners have “certain inalienable rights” like:
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how protégées can help sponsors

road with painted arrows heading two directions4 requirements when starting from scratch.

by ida o. abbott
sponsoring women: what men need to know

most leaders engage in sponsorship and have been sponsored themselves, so the nature of a sponsor-protégée relationship should be familiar.

more on sponsoring women for leadership: beware misunderstandings about work relationships | women must see politics as leadership | bias persists against women with children | 5 ways women get shoved aside | thanks for the advice, but i’d really prefer a promotion | women leaders provide 6 market advantages | why cpa firms need more women

generally speaking, you sponsor women just as you do men. you may have to make a little more effort up front. and you might need to adapt to the impact of motherhood and other sex-related differences. but the strategies and tactics that sponsors use to help women move ahead are not much different than those for men.
read more →

beware misunderstandings about work relationships

shoe-only view of man and woman at office, back to back3 ways to derail sponsorships.

by ida o. abbott
sponsoring women: what men need to know

we know that even when a relationship between a woman and a man is strictly business-focused, others may not see it that way. here are three thorny issues to watch for and quell.

more on sponsoring women for leadership: fears of innuendo, gossip impede development | women must see politics as leadership | why some women resist using networks | bias persists against women with children | standards for women still differ

1. gossip and rumors

relationships in the workplace are frequently the subject of rumors, and close relationships between senior men and junior women are tasty fodder for the gossip mill. because sponsorship between a man and woman is not as common as sponsorship between two men, it is more noticeable and subjects the man and woman to greater scrutiny.
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fears of innuendo, gossip impede development

overhead view of male and female business partners analyzing statistical annual report represented in graphs on digital tablet.keep close relationships from getting too close.

by ida o. abbott
sponsoring women: what men need to know

a close work relationship between a man and a woman can generate sexual tensions in one or both of them.

when the man is older and powerful and the woman is young and ambitious, the potential for complications is even greater.

more on sponsoring women for leadership: women must see politics as leadership | why some women resist using networks | 5 ways women get shoved aside | 18 ways to boost your protégée | women leaders provide 6 market advantages | why cpa firms need more women | beyond mentoring to sponsorship

even when the relationship is strictly business focused, it can be the subject of rumors, gossip and speculation among coworkers, and it can arouse feelings of jealousy and resentment in the sponsor’s wife.

read more →

women must see politics as leadership

businesswoman sitting on table while talking with four coworkersbonus checklist: 4 reasons women decline opportunities.

by ida o. abbott
sponsoring women: what men need to know

many women are uncomfortable calling attention to their achievements and ambitions, dislike politics, have difficulty asking others for a career boost or underestimate the importance of powerful backers. this makes it harder for potential sponsors to recognize how worthy these women are of their support.

more on sponsoring women for leadership: why some women resist using networks | 5 ways women get shoved aside | why men don’t see women as leaders | thanks for the advice, but i’d really prefer a promotion | women leaders provide 6 market advantages | protect your protégée from flextime saboteurs | 8 ways sponsors can highlight opportunities

some women hurt their own chances for sponsorship by failing to let sponsors know what they want and why they merit it. sponsors are drawn to star performers who display confidence and a drive to succeed. where a man might insist he is the right person for a job and ask to be promoted, a woman who is equally or even better qualified may downplay her qualifications for the job. instead of aggressively pursuing promotions and opportunities, she waits to be asked, and then, when asked, may turn the offer down. why?

read more →

8 ways leaders destroy firms

smug boss wearing crown, with figures of his subordinatesand 3 ways to stop them.

by august aquila
creating the effective partnership

many accountants could add to this list.

more on leadership: the 4 best ways to use your senior partners | how to tell a culture change is due | today’s top six partner compensation trends | 11 steps to building a better partnership team | why your firm should be a republic | 8 financial ducks to line up now | partnership is about persuasion | 6 things leaders must do | it’s not always about money: 16 tweaks for your comp system | how to build a growth-centric pricing strategy | how to combine two firms after merger: carefully

but here are some of the surefire signs that a firm has weak leadership driving the firm toward implosion: read more →

why some women resist using networks

businesswoman in elevatorbonus checklist: 4 ways sponsors can help women seek power.

by ida o. abbott
sponsoring women: what men need to know

women tend to have a limited appreciation of how their networks can help them get ahead professionally. developing strong business networks is critical for career advancement. because a leader operates through others, her value and effectiveness are largely tied to the power of her network.

more on sponsoring women for leadership: bias persists against women with children | standards for women still differ | 5 ways women get shoved aside | why men don’t see women as leaders | thanks for the advice, but i’d really prefer a promotion | 18 ways to boost your protégée | women leaders provide 6 market advantages | why cpa firms need more women | beyond mentoring to sponsorship | protect your protégée from flextime saboteurs | how to keep sex from derailing a sponsorship | ‘soft skills’ advice needed, too | use others to promote your protégée | 8 ways sponsors can highlight opportunities | 17 ways sponsors can help protégées | 3 ways to open a sponsorship conversation | what sponsors need from protégées | 3 ways to derail sponsorships

yet women are reluctant to cultivate potential sponsors through their networks, while men willingly use patronage and networks to open doors and provide opportunities that cannot be accessed through normal channels. men attribute their promotions to personal connections as a matter of pride, not embarrassment, because it means that influential people see them as leaders and reward them accordingly. as a result, men benefit from the political processes that go on all around them while women lose out.

read more →

bias persists against women with children

businesswoman talking to baby on floorwomen with families still face perception that kids always come first, at cost of work.

by ida o. abbott
sponsoring women: what men need to know

one pattern of gender bias is exhibiting “maternal wall” bias, which leads people to believe that women with children are unable to meet the demands of leadership.

people assume that women with children are less committed to their work.

more on sponsoring women for leadership: standards for women still differ | 5 ways women get shoved aside | why men don’t see women as leaders | thanks for the advice, but i’d really prefer a promotion | 18 ways to boost your protégée | women leaders provide 6 market advantages | why cpa firms need more women | beyond mentoring to sponsorship

this bias arises from the stereotypes that create conflicting expectations for mothers and career women: good mothers should always be available to their children, while good business people should always be available to their clients.

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new survey results: ‘decisiveness’ rated top trait for success in accounting business

keys to success surveyfirst insights from “how to succeed in the accounting business?” survey.

join the survey; get more answers.

by hitendra patil

although seven personality traits seem closely related to success as an entrepreneur in the tax and accounting business, the vast majority of accountants believe that one stands above all the rest in importance: decisiveness.

preliminary new findings from a 卡塔尔世界杯常规比赛时间 survey of more than 300 accountants, more than 80 percent of them owners or ceos of their firms, shows that the biggest success factors are not just knowledge, not just experience, not just problem-solving ability, and not just vision.

read more →

standards for women still differ

businesswoman in front of staircase with obstacles including fire and a sharkmen are judged on potential; for women, it’s strictly performance.

by ida o. abbott
sponsoring women: what men need to know

common patterns of gender bias include holding women to higher standards than men and expressing contradictory expectations (“double binds”) for women.

different standards: people expect more of women than of men and they hold women to higher standards. this sets the bar higher for women who aspire to leadership and makes it more difficult for them to prove their value to the organization, even though research shows that women outperform men in 17 of 67 critical leadership skills, while men outperform women in only four.

more on sponsoring women for leadership: 5 ways women get shoved aside | thanks for the advice, but i’d really prefer a promotion | women leaders provide 6 market advantages | beyond mentoring to sponsorship | protect your protégée from flextime saboteurs | ‘soft skills’ advice needed, too | use others to promote your protégée | 17 ways sponsors can help protégées | what sponsors need from protégées | 3 ways to derail sponsorships | 4 reasons women hold themselves back | 4 ways sponsors can help women seek power | bias about women with families lingers

people also judge women and men differently: women on their performance and men on their potential.

read more →