{"id":80939,"date":"2020-12-18t20:00:08","date_gmt":"2020-12-19t01:00:08","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=80939"},"modified":"2022-06-26t23:51:18","modified_gmt":"2022-06-27t03:51:18","slug":"survey-we-adapted-to-remote-work-now-what","status":"publish","type":"post","link":"\/\/www.g005e.com\/2020\/12\/18\/survey-we-adapted-to-remote-work-now-what\/","title":{"rendered":"survey: we adapted to remote work… now what?"},"content":{"rendered":"
<\/a>plus: ppp loans helped firms in multiple ways.<\/strong><\/p>\n by gary adamson<\/em><\/p>\n it looks like 2020 will be a good year for almost all small to midsized firms.<\/p>\n more:<\/b> survey: 2020\u2019s disruptions are only the beginning<\/a> | covid brought us more and better client communication<\/a> <\/p>\n revenues will be flat to up with the ppp application and forgiveness revenue helping out, plus most firms will recognize their own ppp loan as additional income. the big question is what will 2021 look like for us and how deep will the economic damage for our clients be when the economy finally opens back up?<\/p>\n the biggest change during the pandemic has to be the forced remote work environment. a client of mine in st. louis probably said it best: \u201cwe talked about working remotely and really gave it lip service until it was forced upon us. it\u2019s amazing how quickly you figure something out when you don\u2019t have a choice. there were a lot of bumps and it\u2019s not perfect but thank goodness we had the technology.\u201d<\/p>\n last year was a good year for most of my clients. top-line organic growth was stronger than the prior year with growth in profits available for partners not keeping pace with the growth in revenue.<\/p>\n i continue to see the talent wars pushing costs up faster than the top line. that doesn\u2019t necessarily mean that income per equity partner is coming down, as firms are reducing the number of equity partners splitting up the pot.<\/p>\n a few trends and issues that firms are working on:<\/p>\n i hear a lot of talk about the \u201cnew normal.\u201d i think that many of us are hopeful that we will soon be able to get back to the \u201cold normal\u201d with enhancements and some lessons learned. to me the acceptance of remote work and the new definition of the workplace will be the most significant lasting covid impact. there are still lots of questions such as<\/p>\n
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