Admitting Income Partners
Strong growth, retention challenges, and the changing face of accounting firm hires have led to increased discussion around the potential role of income partners in a firm. Let’s candidly discuss the benefits, potential pitfalls, and best practices when adding income partners to your firm’s structure.
Thoughts on Firm Goverance
As we work with CPA firms around the country, it’s clear that managing partner performance and keeping everyone headed in a unified direction has become an increasingly difficult task. During the exceptionally good times of the late 1980s until 2007, firms seemed able to succeed in spite of themselves. Work appeared to be limitless and firm profits and partner income were at all‐time highs. The biggest struggle was hiring and keeping sufficiently staffed to handle the work demand.
M & A 3: Overcoming Stakeholder Challenges in Mergers & Acquisitions
In this article, we’ll look at some of the issues that typically arise in the merger process, and help you determine what your responses will be before you’re faced with these challenges.
M&A 2: Identifying Merger/Acquisition Candidates: All Firms Are Not Created Equal
If you’re serious about your strategy, recruiting can’t be approached as an event. You must accept that recruiting other firms is an ongoing process and that you’re not going to become great at it without incurring a few battle scars along the way. Firms that see recruiting as a process and become highly effective in that process will save themselves untold angst as transactions take place.
M & A 1: Preparing Your Firm for a Merger: The First (and Most Important!) Step
We’re living in a time when unprecedented numbers of firms are considering mergers and acquisitions. Many are pursuing this strategy as a way to grow the top line and enhance the resources of their organization. If you’re considering a merger or series of mergers as part of your strategic plan, you also need to make it part of your plan to be well prepared for what’s ahead. Let’s discuss how to prepare.