{"id":69062,"date":"2019-12-21t12:00:06","date_gmt":"2019-12-21t17:00:06","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=69062"},"modified":"2019-12-26t09:42:52","modified_gmt":"2019-12-26t14:42:52","slug":"19-takeaways-from-the-history-of-cpa-firm-practice-development","status":"publish","type":"post","link":"\/\/www.g005e.com\/2019\/12\/21\/19-takeaways-from-the-history-of-cpa-firm-practice-development\/","title":{"rendered":"19 takeaways from the history of cpa firm practice development"},"content":{"rendered":"

\"illustration<\/a><\/p>\n

plus a brief stroll through the world since bates.
\n<\/strong><\/p>\n

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

sir winston churchill (and others) said: \u201cthose who fail to learn from history are doomed to repeat it.\u201d that\u2019s why we discuss the history of practice development at cpa firms.<\/p>\n

more: <\/b>why you have to kill the old paradigms<\/a> | are you ready for the great disruption?<\/a>
\n\"goprocpa.com\"exclusively for pro members. <\/span><\/strong>
log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n

read this history and see if your firm has learned from the many milestones in the evolution of accounting firm practice development.<\/p>\n

<\/p>\n

we include innovative practices<\/strong> in practice development as well as historical milestones<\/strong>. they are mostly in chronological order. in some cases where dates are given, it represents when the practice or event began. in other cases, it means the point in time when these practices became widespread among cpa firms.
\nin the beginning \u2026<\/strong><\/p>\n

cpa practices used to be very simple. all firms did the same thing, soliciting for business wasn\u2019t allowed and there was little competition. it used to be a pretty straitlaced profession.<\/p>\n

the sole emphasis of cpas in olden times was technical excellence. if you got results and met clients\u2019 needs, you were able to build a solid reputation and everything else took care of itself.<\/p>\n

then things started to change<\/h3>\n

1977.<\/strong> the bates case was a major turning point for all professional services practice development because it removed the prohibition on soliciting for clients.<\/p>\n

for many firms, it took 20 years for bates to finally sink in and affect the way cpa firms were run. (truth be known, many firms still<\/strong> haven\u2019t gotten the news.) but the more aggressive, better-managed firms became active in practice development soon after the bates decision. this continues today.<\/p>\n

1980s<\/strong><\/p>\n

newsletters<\/strong>. a major new industry was spawned as a result of bates: the paper newsletter. now free to advertise and solicit business, cpa firms in droves purchased expensive newsletters written by a small handful of vendors. the firm\u2019s name and logo were imprinted on a canned newsletter, making it appear to clients and prospects that the cpa firm wrote the newsletter itself.<\/p>\n

the map movement <\/strong>(management of an accounting practice) emerged. map conferences, map roundtables and map publications became very common. partners couldn\u2019t get enough of this new kool-aid. the essence of map was that cpa firms are just like any other company and should be run like a real business instead of a collegial gentlemen\u2019s club.<\/p>\n

real businesses routinely focus on such areas of management as these:<\/p>\n