Posts Tagged ‘Managing Partner’
New App Allows Local Firms to Swipe Right on Potential Buyers
A satirical blog post in celebration of April Fool’s Day, as featured in Accounting Today. With all the M&A activity in public accounting today, buyers and sellers alike will benefit from Cringe, a new agentic AI matchmaking app that surveys potential buyers and sellers on your behalf and constructs responses as if they’re from you,…
Read MoreTalent Pipeline and Development of Women Leaders in Accounting
It’s no secret that our industry needs leadership talent, successors who want to be CPA firm partner-level contributors. There’s a big group of them right at the doorstep, but we continue to struggle to bring the number of women leaders in accounting organizations anywhere near parity with the number in the profession. According to the…
Read MoreDifficult Partner Dynamics: The Issues and Timelines
You’ve been there, or you’re in the middle of it now: a challenge with one particular partner (or maybe more than one) that’s making partner relations, progress, profitability, or all three difficult. We polled CPA firm leaders to find out what the most pervasive issues are, how long they’ve been around (or how long they persisted, if resolved), and…
Read MoreHow To Select the New Managing Partner
QUESTION FROM A READER: I am looking for information on how second-generation firms select a successor managing partner. I’m also interested how this process plays out when a firm has multiple MP candidates. What role should the current MP play in the process? What if there is no obvious successor? ROSENBERG RESPONSE: What criteria…
Read MoreLocal Firm Slashes Staff Starting Salaries
A satirical blog post in celebration of April Fool’s Day, as featured in Accounting Today. To improve firm profitability, local firm Watts, Taber and Fiske has made an innovative move to reduce full-time starting salaries for new college recruits to $38,000. WTF managing partner Bill Billings noted, “With all the newly available IRS agents and…
Read MoreA Tale of Two CPA Firms: The Choices that Make All the Difference
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…
Read MoreHelp Wanted: Looking for a CPA Firm Managing Partner
One of my favorite words is “apocryphal.” An apocryphal statement is one that probably didn’t happen, but it’s so believable that it’s wildly believed to be true. Here’s one of my favorite examples. Clark Clifford was a super-lawyer and a cabinet-level advisor to four presidents in the 20th century. Fortune 500 companies pleaded with him…
Read MoreAI Successfully Completes Busy Season, Two Weeks Early
A satirical blog post in celebration of April Fool’s Day, as featured in Accounting Today. New technology from progressive generative AI firm C.P.A.AI has been put to the test this year. In January, their AI Busy Season Bot was launched to an audience of CPAs eager to get their hands on the advanced technology.…
Read MoreTruth is Never Disrespectful
To non-sports people, forgive me for telling a sports story I heard on a radio program. Our local basketball team, the Chicago Bulls, have a player named Zach Levine, who has been an all-star and is in the prime of his career. But he missed a month due to injury. Prior to his injury, the Bulls…
Read MoreHow Partner Meetings Waste Time (and How to Avoid It)
Well-intentioned and passionate partners have a lot to say about matters at your CPA firm. Often, these contributions are critical to leadership and strategic direction. Your firm wouldn’t be where it is today without hearing the perspectives from those who lead and run your practice. And, sometimes, your partners get stuck on a less important…
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