{"id":71268,"date":"2020-03-09t12:00:05","date_gmt":"2020-03-09t16:00:05","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=71268"},"modified":"2020-03-09t12:55:20","modified_gmt":"2020-03-09t16:55:20","slug":"does-your-firm-recognize-all-its-skills","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/03\/09\/does-your-firm-recognize-all-its-skills\/","title":{"rendered":"does your firm recognize all its skills?"},"content":{"rendered":"
<\/a>maybe you have more to offer. by marc rosenberg<\/i> true story: i was leading a meeting of a seven-partner, third-generation cpa firm. their revenues were stagnant and their profits disappointing. one hundred percent of their revenues were audit, accounting and tax. thirty percent of their business clients were in oil and gas.<\/p>\n more: <\/b>protect and grow existing clients<\/a> | the 4 marketing disciplines<\/a> | 15 powerful niche marketing practices<\/a> | 19 takeaways from the history of cpa firm practice development<\/a> | why you have to kill the old paradigms<\/a> | are you ready for the great disruption?<\/a> we started discussing ways to increase revenue. the dialogue went something like this:<\/p>\n rosenberg:<\/strong> i notice that your firm is 100 percent compliance, no consulting. aren\u2019t there some consulting opportunities there? rosenberg:<\/strong> you\u2019ve told me that 30 percent of your business clients are in oil and gas. is that correct?<\/p>\n the partners:<\/strong> that\u2019s true.<\/p>\n rosenberg: <\/strong>roughly how many businesses are included in the 30 percent?<\/p>\n the partners:<\/strong> about 40.<\/p>\n rosenberg: <\/strong>how long have you had these clients?<\/p>\n the partners:<\/strong> most of them have been with us for 30 years or more.<\/p>\n rosenberg: <\/strong>would it be a safe guess that you guys know a lot about the oil and gas industry, what the more successful companies are doing and what holds back the less successful ones?<\/p>\n the partners:<\/strong> oh, yes. we have acquired a tremendous amount of knowledge about the oil and gas industry, passed down by three generations of experience.<\/p>\n rosenberg: <\/strong>and i\u2019ll bet that in the course of doing your a&a and tax work for oil and gas clients, you see things about their operations that cause you to scratch your head. maybe even some of those times, you feel you can help them with these issues. am i right?<\/p>\n the partners: <\/strong>well, maybe.<\/p>\n rosenberg: <\/strong>then that\u2019s your answer for what to consult in. when you work with these 40 companies, you must constantly observe weaknesses or shortcomings in following best practices. there are tremendous consulting opportunities for you right under your nose!<\/p>\n the partners:<\/strong> silence.<\/p>\n the client spotlight system is simply a process for cpa firms to identify ways to provide additional services that help clients improve their business, increase profitability or both.<\/p>\n here are some typical projects that cpa firms have identified for their<\/strong> clients:<\/p>\n the spotlight program is a way for cpa firms to educate clients on their capabilities. <\/strong>most clients are not aware of all the services that their cpa firm provides beyond those already being performed.<\/p>\n a survey by hinge incorporated showed:<\/p>\n the spotlight program is a great way to address this issue and, at the same time, help the client improve their company.<\/p>\n the spotlight program is a great time management tool. <\/strong>time management may be the most critical factor that determines the success and profitability of a cpa firm. cpa firm partners are very busy people, with multiple priorities to juggle and stressful deadlines to meet. as a result, it\u2019s difficult for partners to find the time to sit back and think about how they can better serve their clients. the spotlight program helps partners manage their time so that they take great care of their best clients.<\/p>\n here is how the spotlight program works:<\/p>\n the client spotlight program can have these benefits:<\/p>\n anticipate and prepare for major objections to your spotlight proposal\u00a0<\/strong><\/p>\n client:<\/strong> am i paying for this?<\/p>\n cpa:<\/strong> our meeting to present the recommendations to you is not billable. because you’re one of our key clients, we wanted to be proactive in making recommendations that will make your company more successful and profitable. please understand that you are under no obligation to do anything.<\/p>\n client:<\/strong> i\u2019m on to you. you\u2019re just trying to sell me more services.<\/p>\n cpa:<\/strong> this isn\u2019t about sales. it\u2019s about us advising you. you are one of our best clients. we are not so na\u00efve as to believe that our competitors aren\u2019t calling on you. we want to be proactive and suggest ways to improve your business that we think are worthy of discussion. note that some of our recommendations are for services we don\u2019t do. in these cases, we want to introduce you to other highly skilled professionals who can do a great job for you. but please understand, you are under no obligation to do anything.<\/p>\n <\/p>\n client name \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 date \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u><\/p>\n partner in charge \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/u><\/p>\n <\/p>\n <\/a> ____________________________________________________________________________<\/p>\n <\/p>\n client\u2019s bank, banker name and contact information<\/p>\n ____________________________________________________________________________<\/p>\n <\/p>\n other advisors<\/p>\n ____________________________________________________________________________<\/p>\n <\/p>\n list services provided on an annual\/ongoing basis:<\/p>\n ____________________________________________________________________________<\/p>\n <\/p>\n list all special services or projects completed in the past 18 months:<\/p>\n ____________________________________________________________________________<\/p>\n <\/p>\n describe client\u2019s current growth rate: [ ] rapid [ ] moderate [ ] flat<\/p>\n explain why.<\/p>\n ____________________________________________________________________________<\/p>\n <\/p>\n describe the greatest challenges facing the client:<\/p>\n __________________________________________________________________________<\/p>\n <\/p>\n describe any service issues, complaints or concerns raised by the client during the previous year:<\/p>\n __________________________________________________________________________<\/p>\n <\/p>\n list any other comments or concerns regarding this client:<\/p>\n __________________________________________________________________________<\/p>\n <\/p>\n
\n<\/strong><\/p>\n
\nthe rosenberg practice management library<\/i><\/a><\/p>\n
\nexclusively for pro members. <\/span><\/strong>log in here<\/a> or 2022世界杯足球排名 today<\/a>.<\/span><\/p><\/blockquote>\n
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\nthe partners:<\/strong> what would we do? we\u2019re accountants. we don\u2019t know how to do consulting.<\/p>\n\n
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spotlight leader advanced preparation form<\/h3>\n
\nclient\u2019s law firm, attorney name and contact information<\/p>\n