{"id":83148,"date":"2021-04-15t12:00:53","date_gmt":"2021-04-15t16:00:53","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=83148"},"modified":"2021-06-01t06:56:01","modified_gmt":"2021-06-01t10:56:01","slug":"how-a-good-managing-partner-impacts-profitability","status":"publish","type":"post","link":"\/\/www.g005e.com\/2021\/04\/15\/how-a-good-managing-partner-impacts-profitability\/","title":{"rendered":"how a good managing partner impacts profitability"},"content":{"rendered":"

\"\"<\/a>10 best practices.<\/strong><\/p>\n

by marc rosenberg<\/i>
\n
the role of the managing partner<\/i><\/a><\/p>\n

i have compared a \u201ctrue\u201d managing partner to an administrative partner. both are important positions. both share many common duties and expectations. but true managing partners are more valuable because they function like corporate ceos and thus make a bigger impact on the firm\u2019s overall performance than admin partners.<\/p>\n

more: <\/b>the 9 biggest merger pitfalls<\/a> | the managing partner\u2019s role in mergers<\/a> | five ways to evaluate partners<\/a> | manage partners with goal setting<\/a> | overarching authority that managing partners must have<\/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

these three duties differentiate true managing partners from admin partners. true managing partners<\/p>\n

    \n
  1. manage partner performance and behavior<\/li>\n
  2. hold partners accountable<\/li>\n
  3. drive the firm\u2019s growth and profitability<\/li>\n<\/ol>\n


    \nthis post drills down on how a good managing partner can improve profitability.<\/p>\n

    is it foolish to expect the managing partner to drive profitability?<\/strong><\/p>\n

    many partners at cpa firms for ages have thought it’s foolish to expect the managing partner to drive profitability. these old-school people are repulsed by the corporate style of governance, prefer a firm where the partners mostly function as sole practitioners and, if they are honest, don\u2019t want anyone<\/strong> holding them accountable for anything<\/strong>. they aren\u2019t bad<\/strong> people. they simply have never seen how prosperous a cpa firm can be with effective leadership at the top.<\/p>\n

    old-school partners reason that how a cpa firm works is simple. all it takes is a group of partners doing what partners are supposed to do:<\/p>\n