{"id":54750,"date":"2018-06-07t15:40:36","date_gmt":"2018-06-07t19:40:36","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?post_type=product&#038;p=54750"},"modified":"2024-03-04t06:01:34","modified_gmt":"2024-03-04t11:01:34","slug":"cpa-firm-succession-planning-a-perfect-storm","status":"publish","type":"product","link":"\/\/www.g005e.com\/shop\/cpa-firm-succession-planning-a-perfect-storm\/","title":{"rendered":"cpa firm succession planning: a perfect storm"},"content":{"rendered":"<h6><span style=\"color: #00a160;\"><b>links to download your pdf will appear on the order confirmation screen after purchase and in your email receipt from auto-confirm@www.g005e.com.<br \/>\n<\/b><b>*<\/b> rosenberg pdfs are read-only \u2013 no printing, markup, reproduction, or further distribution. downloadable to five personal devices.<\/span><\/h6>\n<p>rosenberg, a widely acknowledged authority on succession planning, describes a perfect storm bearing down on cpa firms, brought about by the simultaneous impact of aging baby boomer partners, a never-ending shortage of staff with partner potential, and a tendency for cpa firm management to perpetually relegate succession planning to the back burner. industry observers regard succession planning as the #1 endemic issue facing cpa firms today. and it\u2019s going to get worse before it gets better.<\/p>\n<p>many firms believe that succession planning starts and stops with leadership development. developing future leaders is critical, but there are many other important areas to be addressed.<\/p>\n<h3>topics include<\/h3>\n<ul class=\"checklist\">\n<li>challenges for older and younger partners<\/li>\n<li>doing the math<\/li>\n<li>assessment of existing staff<\/li>\n<li>leadership development<\/li>\n<li>mp transition<\/li>\n<li>governance structure<\/li>\n<li>client transition best practices<\/li>\n<li>partner buyout\/buy-in plans<\/li>\n<li>deciding on the preferred exit strategy<\/li>\n<\/ul>\n<h3>from the book<\/h3>\n<p>succession planning is a very sobering topic. during several retreats i have led, this issue has literally brought tears to partners\u2019 eyes. they start popping prozac like m&amp;ms. why? because succession planning forces us to confront our own mortality. this is never easy \u2013 just ask your estate planning clients.<\/p>\n<p>before the recession, the aicpa\u2019s survey of firms\u2019 top practice management issues consistently reported succession planning as the #1 area of concern. more recently, recession-related issues such as bringing in new clients, client retention and fee pressure have pushed succession planning back to #5, but most industry observers regard it as the #1 endemic problem in the cpa profession. and it\u2019s going to get worse before it gets better.<\/p>\n<p>a \u201ccrisis\u201d is an intensely challenging time when difficult decisions must be made. sometimes, the enormity of the decisions paralyzes people like deer caught in headlights. this is the situation at many local cpa firms. indeed, only about 30% of firms have formal succession plans in place, according to jim metzler, vice president for small firm interests at the aicpa.<\/p>\n<p>succession planning is the \u201cperfect storm\u201d of cpa firm practice management, brought about by the simultaneous presence of several turbulent forces.<\/p>\n<p><em>\u2013 marc rosenberg, cpa<\/em><\/p>\n<h3>table of contents<\/h3>\n<p>chapter 1: how a crisis evolved<\/p>\n<p>chapter 2: what is succession planning?<\/p>\n<p>chapter 3: anxiety about succession planning<\/p>\n<p>chapter 4: step by step approach<\/p>\n<p>chapter 5: strategic planning<\/p>\n<p>chapter 6: the partners\u2019 specific retirement plans<\/p>\n<p>chapter 7: overarching initial decisions<\/p>\n<p>chapter 8: criteria for partner promotion<\/p>\n<p>chapter 9: assessment of existing staff<\/p>\n<p>chapter 10: developing new partners<\/p>\n<p>chapter 11: managing partner transition<\/p>\n<p>chapter 12: partner retirement\/buyout plan<\/p>\n<p>chapter 13: new partner buy-in plan<\/p>\n<p>chapter 14: non-equity partners<\/p>\n<p>chapter 15: client and other transitions<\/p>\n<p>chapter 16: governance structure<\/p>\n<p>chart: how governance changes as firms grow<\/p>\n<p>chapter 17: mergers as an exit strategy<\/p>\n<p>chapter 18: conclusion<\/p>\n<p>chapter 19: partners: get a hobby!<\/p>\n<h3>about the author<\/h3>\n<h4><strong>marc rosenberg, cpa<\/strong><\/h4>\n<p>卡塔尔世界杯常规比赛时间 commentator marc rosenberg is a nationally known consultant, author, speaker on cpa firm management, strategy and partner issues.<\/p>\n<p>president of his own chicago-based consulting firm,\u00a0<a href=\"http:\/\/rosenbergassoc.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">the rosenberg associates<\/a>, he is the founder of the most authoritative annual survey of mid-sized cpa firm performance statistics in the country,<em>\u00a0the rosenberg survey<\/em>,\u00a0<a href=\"http:\/\/baystreetgroup.com\/store\/rosenberg\/\" target=\"_blank\" rel=\"noopener noreferrer\">also available here from the 卡塔尔世界杯常规比赛时间 store<\/a>. he has consulted with more than 700 firms throughout his 20+ year consulting career.<\/p>\n<p><em>accounting today<\/em>\u00a0magazine annually acknowledges marc rosenberg as one of the 100 most influential people in the cpa profession and\u00a0<em>inside public accounting<\/em>\u00a0has repeatedly recognized him as one of the ten most recommended cpa firm consultants in the country.<\/p>\n<p style=\"text-align: center;\"><a href=\"\/\/www.g005e.com\/?s=marc+rosenberg\" target=\"_blank\" rel=\"noopener noreferrer\">click here<\/a>\u00a0to see him on 卡塔尔世界杯常规比赛时间.<\/p>\n<div class='shareinpost'><ul class=\"socialwrap row\"><li class=\"icon_text\"><a  rel='nofollow'  target='_blank'  title='https:\/\/www.facebook.com'  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style=\"color: #d8232a;\"><b><i>free u.s. shipping by priority mail<\/i><\/b><\/span><\/p>\n<h3><span style=\"color: #808080;\"><b>you&#8217;ve got options!<\/b><\/span><\/h3>\n<h4><span style=\"color: #808080;\">choose the new <b>print+pdf upgrade <\/b>option to start benefiting immediately with the instant download 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