{"id":20557,"date":"2012-06-26t12:10:51","date_gmt":"2012-06-26t16:10:51","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=20557"},"modified":"2024-10-01t09:37:07","modified_gmt":"2024-10-01t13:37:07","slug":"why-accounting-firm-partners-are-popping-prozac-like-mms","status":"publish","type":"post","link":"\/\/www.g005e.com\/2012\/06\/26\/why-accounting-firm-partners-are-popping-prozac-like-mms\/","title":{"rendered":"why accounting firm partners are &#8220;popping prozac like m&#038;m&#8217;s&#8221;"},"content":{"rendered":"<p><a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg-succession\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-20680\" title=\"istock_000017742007small\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/06\/istock_000017742007small-e1340802955343.jpg\" alt=\"\" width=\"590\" height=\"430\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/06\/istock_000017742007small-e1340802955343.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/06\/istock_000017742007small-e1340802955343.jpg 300w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/a><strong>four reasons behind the succession crisis: the perfect storm.<\/strong><\/p>\n<p><em>by marc rosenberg<br \/>\n<\/em><em>author of <a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg-succession\/\" target=\"_blank\" rel=\"noopener\">cpa firm succession planning: a perfect storm<\/a><\/em><\/p>\n<p>let me warn you in advance \u2013 reader discretion is advised.<\/p>\n<p>succession planning is a very sobering topic. during several retreats i have led, this issue has literally brought tears to partners\u2019 eyes. they start popping prozac like m&amp;ms. why? because succession planning forces us to confront our own mortality. this is never easy \u2013 just ask your estate planning clients.<\/p>\n<p style=\"padding-left: 60px;\"><strong>more marc rosenberg:<\/strong><\/p>\n<p style=\"padding-left: 150px;\"><a title=\"permanent link to: the 15-item checklist for your next partner retreat\" href=\"\/\/www.g005e.com\/2012\/05\/29\/the-15-item-checklist-for-your-next-partner-retreat\/\">the 15-item checklist for your next partner retreat<\/a><br \/>\n<a title=\"permanent link to: the 15-item checklist for your next partner retreat\" href=\"\/\/www.g005e.com\/2012\/05\/29\/the-15-item-checklist-for-your-next-partner-retreat\/\">five new responsibilities for a new partner<\/a><br \/>\n<a title=\"permanent link to: planning a partner retreat for real results\" href=\"\/\/www.g005e.com\/2012\/05\/07\/planning-a-partner-retreat-for-real-results\/\">planning a partner retreat for real results<\/a><br \/>\n<a title=\"permanent link to: the 10 biggest mistakes in reading map statistics\" href=\"\/\/www.g005e.com\/2012\/03\/07\/rosenberg-10-mistakes\/\">the 10 biggest mistakes in reading map statistics<\/a><br \/>\n<a title=\"permanent link to: how cpa firms make money in turbulent times\" href=\"\/\/www.g005e.com\/2011\/11\/04\/how-cpa-firms-make-money-in-turbulent-times\/\">how cpa firms make money in turbulent times<\/a><br \/>\n<a href=\"\/\/www.g005e.com\/2011\/04\/26\/re-engineering-partner-accountability\/\">re-engineering partner accountability [video]<\/a><br \/>\n<a title=\"permanent link to: marc rosenberg: why cpas aren\u2019t making more money [video]\" href=\"\/\/www.g005e.com\/2011\/02\/01\/marc-rosenberg-why-cpas-arent-making-more-money-video\/\">why cpas aren\u2019t making more money [video]<\/a><br \/>\n<a title=\"permanent link to: marc rosenberg: slow learners need not apply\" href=\"\/\/www.g005e.com\/2010\/11\/02\/marc-rosenberg-slow-learners-need-not-apply\/\">slow learners need not apply<\/a><br \/>\n<a title=\"permanent link to: 10 to-do\u2019s for a partner buyout\" href=\"\/\/www.g005e.com\/2005\/04\/21\/firm-success-primping-for-a-partner-buyout\/\">10 to-do\u2019s for a partner buyout<\/a><\/p>\n<p>before the recession, the aicpa\u2019s survey of firms\u2019 top practice management issues consistently reported succession planning as the no. 1 area of concern. more recently, recession-related issues such as bringing in new clients, client retention and fee pressure have pushed succession planning back to no. 5, but most industry observers regard it as <em>the no. 1 <\/em>endemic problem in the cpa profession. and it\u2019s going to get worse before it gets better. <a href=\"\/\/www.g005e.com\/2012\/06\/26\/why-accounting-firm-partners-are-popping-prozac-like-mms\/#more-20557\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg-succession\/\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-20680\" title=\"istock_000017742007small\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/06\/istock_000017742007small-e1340802955343.jpg\" alt=\"\" width=\"590\" height=\"430\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/06\/istock_000017742007small-e1340802955343.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2012\/06\/istock_000017742007small-e1340802955343.jpg 300w\" sizes=\"auto, (max-width: 590px) 100vw, 590px\" \/><\/a><strong>four reasons behind the succession crisis: the perfect storm.<\/strong><\/p>\n<p><em>by marc rosenberg<br \/>\n<\/em><em>author of <a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg-succession\/\" target=\"_blank\" rel=\"noopener\">cpa firm succession planning: a perfect storm<\/a><\/em><\/p>\n<p>let me warn you in advance \u2013 reader discretion is advised.<\/p>\n<p>succession planning is a very sobering topic. during several retreats i have led, this issue has literally brought tears to partners\u2019 eyes. they start popping prozac like m&amp;ms. why? because succession planning forces us to confront our own mortality. this is never easy \u2013 just ask your estate planning clients.<\/p>\n<p style=\"padding-left: 60px;\"><strong>more marc rosenberg:<\/strong><\/p>\n<p style=\"padding-left: 150px;\"><a title=\"permanent link to: the 15-item checklist for your next partner retreat\" href=\"\/\/www.g005e.com\/2012\/05\/29\/the-15-item-checklist-for-your-next-partner-retreat\/\">the 15-item checklist for your next partner retreat<\/a><br \/>\n<a title=\"permanent link to: the 15-item checklist for your next partner retreat\" href=\"\/\/www.g005e.com\/2012\/05\/29\/the-15-item-checklist-for-your-next-partner-retreat\/\">five new responsibilities for a new partner<\/a><br \/>\n<a title=\"permanent link to: planning a partner retreat for real results\" href=\"\/\/www.g005e.com\/2012\/05\/07\/planning-a-partner-retreat-for-real-results\/\">planning a partner retreat for real results<\/a><br \/>\n<a title=\"permanent link to: the 10 biggest mistakes in reading map statistics\" href=\"\/\/www.g005e.com\/2012\/03\/07\/rosenberg-10-mistakes\/\">the 10 biggest mistakes in reading map statistics<\/a><br \/>\n<a title=\"permanent link to: how cpa firms make money in turbulent times\" href=\"\/\/www.g005e.com\/2011\/11\/04\/how-cpa-firms-make-money-in-turbulent-times\/\">how cpa firms make money in turbulent times<\/a><br \/>\n<a href=\"\/\/www.g005e.com\/2011\/04\/26\/re-engineering-partner-accountability\/\">re-engineering partner accountability [video]<\/a><br \/>\n<a title=\"permanent link to: marc rosenberg: why cpas aren\u2019t making more money [video]\" href=\"\/\/www.g005e.com\/2011\/02\/01\/marc-rosenberg-why-cpas-arent-making-more-money-video\/\">why cpas aren\u2019t making more money [video]<\/a><br \/>\n<a title=\"permanent link to: marc rosenberg: slow learners need not apply\" href=\"\/\/www.g005e.com\/2010\/11\/02\/marc-rosenberg-slow-learners-need-not-apply\/\">slow learners need not apply<\/a><br \/>\n<a title=\"permanent link to: 10 to-do\u2019s for a partner buyout\" href=\"\/\/www.g005e.com\/2005\/04\/21\/firm-success-primping-for-a-partner-buyout\/\">10 to-do\u2019s for a partner buyout<\/a><\/p>\n<p>before the recession, the aicpa\u2019s survey of firms\u2019 top practice management issues consistently reported succession planning as the no. 1 area of concern. more recently, recession-related issues such as bringing in new clients, client retention and fee pressure have pushed succession planning back to no. 5, but most industry observers regard it as <em>the no. 1 <\/em>endemic problem in the cpa profession. and it\u2019s going to get worse before it gets better. <a href=\"\/\/www.g005e.com\/2012\/06\/26\/why-accounting-firm-partners-are-popping-prozac-like-mms\/#more-20557\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":17,"featured_media":20680,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"129943,127491,130550,132993,133578,136365","_relevanssi_noindex_reason":"","footnotes":""},"categories":[3120,2298],"tags":[57],"class_list":["post-20557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pro-member-exclusive","category-succession","tag-succession","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the 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