{"id":82304,"date":"2021-03-16t13:20:20","date_gmt":"2021-03-16t17:20:20","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=82304"},"modified":"2021-03-17t16:32:31","modified_gmt":"2021-03-17t20:32:31","slug":"who-shouldnt-be-a-partner","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/03\/16\/who-shouldnt-be-a-partner\/","title":{"rendered":"who shouldn’t be a partner?"},"content":{"rendered":"
<\/a>five red flags. by marc rosenberg<\/i> there are two sides to every discussion. i may have made it seem as if you\u2019d have to be a fool not<\/strong> to want to be a partner. but being a partner isn\u2019t for everybody. the reasons listed below exclude issues not germane to this discussion, such as a desire to change careers, opportunities to join one\u2019s family business or boredom with accounting.<\/p>\n more: <\/b><\/strong>nine reasons people are promoted to partner<\/a> | how to make partner?<\/a> long hours. <\/strong>at most firms, when the staff leave, the partners are still working. some feel it sends a negative message to the staff because it implies that there is an expectation for partners to work long hours and therefore make it difficult to enjoy a healthy work-life balance. rosenberg map survey metrics corroborate this: partners average around 2,410 total work hours but the staff average is 2,280, a difference of 130 overtime hours. liability exposure. <\/strong>when you are an owner of a business, you are liable for legal issues. for cpa firms, this is mainly malpractice.<\/p>\n partner buyouts. <\/strong>almost all cpa firms have a substantial unrecorded liability for future partner buyouts. younger partners often have concern about the affordability of those payments, especially if there is legitimate concern about the firm staying in business when key partners retire.<\/p>\n stress.<\/strong> no question. when you are a hard-driving senior officer of a dynamic, profitable company, there is stress. meeting deadlines. handling clients\u2019 unreasonable demands. hiring and training staff who turn over at a high rate. for an owner, stress is undeniable.<\/p>\n it takes a long time to make partner. <\/strong>accounting today <\/em>reported that it takes 10 or more years to make partner at two-thirds of all firms. my anecdotal experience is that most new partners are 32 to 40 years of age. that means they will work 11 to 18 years before making partner.<\/p>\n so staff, if you like your firm, you like your work and you want to have a successful, lucrative professional career, these obstacles should not stop you from pursuing a partnership.<\/p>\n many firms make the mistake of admitting to the partnership someone who will not be a strong contributing member of the group. they miss the signs that this person will be a bad fit.<\/p>\n the following red flags may signal a potential future challenge in the partnership. consider whether your candidate …<\/p>\n how do you screen out these potential partners, especially if they\u2019ve been hearing that after a certain number of years they\u2019ll likely be able to make partner?<\/p>\n start by getting very clear as an existing partner group on what your expectations are of the role of a partner. is it ok for a partner not to mentor? not to bring in new business? not to take on leadership initiatives at the firm? any of these, maybe even all, could be fine at your firm (if, say, you\u2019re in need of a strong qc partner). but if it\u2019s not, don\u2019t let someone in who can\u2019t step up to the plate. you\u2019ll hold it against them, creating an unhealthy and unproductive dynamic.<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" five red flags.<\/strong>
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\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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why you might not want someone to be a partner<\/h3>\n
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\n<\/a>
\nby marc rosenberg<\/i>
\nthe rosenberg practice management library<\/i><\/a><\/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":[1363,3120,3002,2266],"tags":[],"class_list":["post-82304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-pro-member-exclusive","category-special","category-partner"],"acf":[],"yoast_head":"\n