{"id":66294,"date":"2019-09-22t12:00:07","date_gmt":"2019-09-22t16:00:07","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=66294"},"modified":"2019-09-26t16:08:49","modified_gmt":"2019-09-26t20:08:49","slug":"take-yodas-advice-on-strategic-planning","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/09\/22\/take-yodas-advice-on-strategic-planning\/","title":{"rendered":"take yoda’s advice on strategic planning"},"content":{"rendered":"

\"\/\/www.g005e.com\/?p=66294\"<\/a>seven questions to determine whether you’re ready.
\n<\/strong><\/p>\n

by marc rosenberg<\/i>
\nthe rosenberg practice management library<\/i><\/a><\/p>\n

\u201cdo or do not \u2013 there is no \u2018try.\u2019\u201d<\/p>\n

those are the immortal words of one of my two favorite movie mentors, yoda from star wars. (mr. miyagi from \u201ckarate kid\u201d is a close second.)<\/p>\n

more:\u00a0<\/b>smart tech tips from top cpa firms<\/a>\u00a0|\u00a015 amazing organizational tactics to manage a cpa firm<\/a>\u00a0|\u00a0why governing by partner ownership is bound to fail<\/a>\u00a0|\u00a06 ways to retain nextgen staff<\/a>\u00a0|\u00a0how to develop a truly progressive nextgen culture<\/a>\u00a0|\u00a0the top 5 concerns of great managing partners<\/a>\u00a0|\u00a0partners: when to speak up and when to shut up<\/a>
\n\"goprocpa.com\"exclusively for pro members.\u00a0<\/strong>log in here<\/a>\u00a0or\u00a02022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

yoda is giving young luke skywalker his jedi training and asks if he is ready. luke responds, \u201ci\u2019ll give it a try,\u201d prompting our beloved jedi master to utter his famous quote. when i come across this line, it makes me think of managing a cpa firm (ok, i\u2019m a little weird about these things!).<\/p>\n

over the years, many cpa firms have invited me to help them create a strategic plan. most of the time, i decline. why? because they don\u2019t have what it takes to be successful at it and i don\u2019t want to be associated with a consulting project that fails. the partner group needs to be in a position to do<\/strong> the strategic plan, not try<\/strong>.<\/em> to help me decide if they have the right stuff, i ask these questions:<\/p>\n

do you have a strong mp? <\/strong>one who is willing and able to devote hundreds of hours to managing the firm, which includes following up on the progress of the plan, especially with partners assigned to goals, and coaching them how to be successful at it? will the mp give up clients to free up the time to do this?<\/p>\n

do you have accountability systems in place? <\/strong>without accountability (a consequence to not<\/strong> performing as mutually agreed upon), any strategic plan is doomed from the start.<\/p>\n

are you a partnership or a group of cpas practicing under one roof, sharing staff and overhead? <\/strong>if the firm is really more a collection of solos, the partners have no incentive to do anything unless it benefits them directly and personally.<\/p>\n

are all the partners on the same page?<\/strong> do they get along with each other? do they agree on the direction of the firm? can they compromise? one powerful partner who is a naysayer and skeptic will zap everyone\u2019s energy, enthusiasm, and commitment to the strategic plan.<\/p>\n

your<\/strong> partner comp system. <\/strong>is there a provision for rewarding those who achieve strategic planning goals?<\/p>\n

do the partners have the time and staff support to achieve strategic planning goals?<\/strong> partners are already \u201ctoo busy.\u201d it\u2019s not realistic for them to take on strategic plan goals without ensuring that they have the time to work on the goals as well as staff to assist them.<\/p>\n

why do you want to do strategic planning?<\/strong> the only acceptable answer is \u201cit will make us more successful and profitable.\u201d if the partners don\u2019t truly believe this in their hearts, they will lack the dogged commitment it takes to execute.<\/p>\n

how do firms usually respond to the above questions?<\/strong><\/p>\n

many firms, if they are honest, will answer \u201cno\u201d to some of the questions. it\u2019s then that i regretfully decline their invitation.<\/p>\n

let\u2019s get something straight. there is no greater believer in the power of strategic planning than me. when firms create a vision, reduce it to goals, put this in writing, assign responsibilities and establish accountability for achieving the goals, they are more likely to realize their vision than if they didn\u2019t engage in any<\/strong> strategic planning.<\/p>\n

of all the 20 or so major parts of managing a cpa firm, strategic planning, perhaps more than anything of the others, has the longest list of \u201cprerequisites\u201d to be successful. before your firm contemplates strategic planning, make sure you are ready for it.<\/p>\n","protected":false},"excerpt":{"rendered":"

seven questions to determine whether you’re ready.<\/strong>
\nby marc rosenberg<\/em>
\nthe rosenberg practice management library<\/a><\/em><\/p>\n","protected":false},"author":1339,"featured_media":52068,"comment_status":"open","ping_status":"closed","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":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1363,3120,3002,9,2266],"tags":[],"class_list":["post-66294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pro-member-exclusive","category-special","category-strategy","category-partner"],"acf":[],"yoast_head":"\ntake yoda's advice on strategic planning - 卡塔尔世界杯常规比赛时间<\/title>\n<meta name=\"description\" content=\"actionable intelligence for tax, accounting, and financial professionals\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"\/\/www.g005e.com\/2019\/09\/22\/take-yodas-advice-on-strategic-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_us\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"take yoda's advice on strategic planning - 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