Posts by Matt Rampe
A reader wrote to me recently: “Matt, I feel stuck in my practice. My partners are all hardworking team players, but we’re too busy with client work to find good staff, let alone upgrade our tech stack or think outside the box. Our clients love us, but many are long-term clients who take a lot…
Private equity (PE) is moving into the accounting industry, elevating pressure on firms large and small to consider their next move. While direct investments in larger firms began several years ago, PE is now active and likely to keep expanding with targets in the mid-sized firms and even smaller ones (under $30M). To determine whether…
I love to study success. That’s why I couldn’t help researching what the best firms in our strategic planning poll did to get excellent results. We had 64 respondents to our poll. I narrowed down the list to firms that scored 8 or more (out of 10) in overall effectiveness in strategic planning and 4…
Originally published by AccountingToday in August 2024 You’re excited about an idea for your firm: leveraging AI, improving staffing or ramping up a valuable service line. Now comes the hard part: How can you turn your idea into reality? Change management is the process of guiding firm-level changes from start to end, including planning, implementing…
We polled dozens of CPA firms across the country to find out how they are doing strategic planning, and what’s working and what’s not. Key findings from the poll: Lack of execution, lack of time, and inability to build alignment are some of the biggest obstacles to successful strategic planning. That said, a secret to…
Here’s a question I got from a reader: Matt, my firm is going to do strategic planning, and we want to include more than just the partners, but we’re not sure how. We tried it before, and it didn’t go well – it just turned into a complaint session about in-the-weeds topics. Should we do…
What do 25% or more of the CPA firms we see use to better operate their businesses? A system called the Entrepreneurial Operating System, or EOS for short. What is EOS in a nutshell? EOS is a business management system designed to help entrepreneurs achieve their vision. It was developed by Gino Wickman and detailed…
Artificial Intelligence (AI) has made a huge splash, to say the least, in the last twelve months. What will its ultimate impact be on CPA firms? Here’s a roundup of what we know so far… and what is yet to be determined. What we know so far ChatGPT launched on Nov. 30, 2022, and rapidly…
The staffing crisis was the number one strategic issue this year for my clients. Many partners echoed similar comments: “Our staff have no work ethic.” “When they work remotely, the productivity goes down.” “Staff just don’t want to work the hours we need – even during busy season.” “I feel like I’m walking on egg…
When I wrote this post on LinkedIn in September, I had no idea it would get over 300,000 views, 1,800 reactions, 132 comments, and 103 reposts! Clearly, it hit a nerve. Here is the original post, and what I learned from the 132 comments. Here are the major themes from the LinkedIn post comments…
Matt Rampe
Get our expertise delivered to your inbox.