You do not build a business; you build people and then the people build the business. I know that as practice owners, you have experienced the pain that comes along with growing firm. From finding and keeping great people to building consistent processes for serving...
Practice Management
What’s happening in the profession in relation to practice management
9 Simple Steps to Switching Accounting Systems
by Marc Lehmann | Apr 19, 2016 | Featured Articles, Practice Management
We’ve seen it (and done it) too many times… We research tools and systems to fix specific business problems, find something that looks great, build our hopes up, take the leap and then… we fall flat. How many of us in business have downloaded the latest app, bought...
How To Get More Value From EOFY Client Meetings
by Dale Crosby | Apr 19, 2016 | Latest News, Practice Management
The period leading up to and following the end of the financial year is probably the best time to engage business clients in rich conversations about their financial objectives, needs and challenges. Of course, tax planning is a great way to start, but the...
When Is It Too Late To Sell?
by Thea Foster | Apr 19, 2016 | Featured Articles, Practice Management
The Answer is almost never. I understand there have been cases where practices have been sold for the estate of suddenly deceased practitioners. Yes, it is difficult to get top dollar and a purchaser needs to be willing to act quickly, but it can be done. A lot...
Accountants at the Crossroads!
by Peter Towers | Apr 19, 2016 | Featured Articles, Practice Management
Which way do accountants go? There are significant opportunities but also difficult challenges currently facing accountancy businesses. Opportunities There are a lot of other opportunities confronting accountants at present including: Innovation Statement CompaniesThe...
5 reasons why you’re wasting time in your meetings
by Dale Crosby | Feb 1, 2016 | Featured Articles, Practice Management
For many of us, working life seems like an endless sequence of meetings, some effective but many of dubious benefit. In a recent survey reported in Industry Week, 2000 managers claimed that at least 39% of their time spent in meetings were a waste of time. Are your...
More Common Misconceptions on Accounting Practice Ownership Changes
by Thea Foster | Feb 1, 2016 | Featured Articles, Practice Management
This continues an article published in a last month’s ebulletin. Here are more misconceptions I hear accounting proprietors say about accounting practice sales, especially regarding prices for Goodwill. Misconception Number 6 Young people want to be equity owners,...