checklist: partner-ready metrics

confident businesswoman looking straight at camerathree questions on competence, four on branding plus a five-point checklist.

by martin bissett
passport to partnership

the passport to partnership study collated a number of responses in a conversational style.

more: making partner when competence isn’t enough | sailing the seven c’s to partner | you can’t land your next client without this | if you’re selling, you’re doing it wrong | what partners don’t tell you
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but two brief but succinct examples on the realities of how a firm assesses an individual’s “competence” for leadership are showcased really stood out:

  1. they need to explain technical data to me in a way that i know they understand.

  2. what kind of lifestyle does this person have outside of work? we’ll be looking at facebook, twitter, and google to find out.

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making partner when competence isn’t enough

//m.g005e.com/2016/06/11/adopt-a-marketing-mindset/four experts on what it really means.

by martin bissett
passport to partnership

the skill in producing financial reports is limited by the quality of the information presented to the cpa by the client. the motivation of the client to influence that financial information comes in many forms, some intentional and some unintentional. competence comes first in being able to resist pressure and present a true and accurate position of the client’s organization.

more: sailing the seven c’s to partner | checklist: 10 keys to landing your next client | focus on your client’s concerns, not yours | 8 questions for business success | don’t wait for business to come to you
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sounds obvious, doesn’t it? but there’s a twist.

competence didn’t actually rank highly in the majority of partner requirements when interviewed in our study at all.
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sailing the seven c’s to partner

competent? great. but that’s just a prerequisite.

by martin bissett
passport to partnership

staffers aspiring to be partners must learn the key characteristics of successful partners. they also must learn how to develop their own personal plans to achieve partnership. firms and staffers alike need a clear set of procedures, processes and milestones for turning top talent into the next generation of firm leadership.

more: checklist: 10 keys to landing your next client | the three habits of the rich accountant | 4 reasons selling is hard | why believing in yourself matters | your first sale is to yourself
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there are seven critically important criteria by which partners assess partners-to-be. i call them:

the seven c’s
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the gap between partners and candidates

//m.g005e.com/2021/02/17/a-rose-by-any-other-name/what we’ve got here is failure to communicate.

by martin bissett
passport to partnership

have you ever wondered what the partners of your firm are looking for from you, beyond your technical abilities?

more: checklist: 10 keys to landing your next client | the three habits of the rich accountant | 4 reasons selling is hard | why believing in yourself matters | your first sale is to yourself
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for full disclosure, i am not an accountant, but i have spent decades working with accounting firms of all shapes and sizes in the united kingdom, the united states and europe.
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checklist: 10 keys to landing your next client

young black businessman looking at his reflectionplus: 10 more questions to check your comfort level.

by martin bissett
understanding selling

i’ve been asking you to believe in yourself, to get your potential clients to open up to you, and to demonstrate to them the outcomes that working with you and your firm would create in their personal and professional lives.

more: the three habits of the rich accountant | you can’t land your next client without this | if you’re selling, you’re doing it wrong | what partners don’t tell you
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now here’s a checklist for you to run through before you begin your next business development initiative, and before each new business appointment that you have.

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the three habits of the rich accountant

businessman looking at calendar on tabletthey’ll quickly become second nature.

by martin bissett
winning your first client

you may be thinking right now, “well, very good, martin, but we have finite time. we’re very, very busy people and we need to get business in the door, and therefore creation of opportunity becomes the issue.”

more: you can’t land your next client without this | focus on your client’s concerns, not yours | 4 reasons selling is hard | if you’re selling, you’re doing it wrong | 8 questions for business success | why believing in yourself matters | what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
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regardless of whether we’ve got 20 opportunities on our plate today or none, when the next one comes along we can’t afford to be anything other than confident, comfortable, assured relationship builders who have tremendous value to offer. because people will see that body language, those voice tones and hear those words and it will be attractive. they will want to get to know more – they’ll want to be able to look at options. they’ll want to know what you’ll charge, and they’ll want to know what they’ll get for what you charge.
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you can’t land your next client without this

how can expect any prospect to buy into us?

by martin bissett
winning your first client

it’s about time to realize that value is not about time.

more: focus on your client’s concerns, not yours | 4 reasons selling is hard | if you’re selling, you’re doing it wrong | 8 questions for business success | why believing in yourself matters | what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

when i look back on the research that has been conducted by various groups as to the biggest obstacles accounting firms cite to growing their practice,

  • 50 percent said creating opportunities,
  • 25 percent said knowing how to close deals
  • and the remainder said having self-confidence in presenting and then being able to positively differentiate from their competition.

let’s not sell, let’s attract.

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focus on your client’s concerns, not yours

attract new fees instead of chasing them.

by martin bissett
winning your first client

let’s start with two simple definitions to avoid any confusion:

  1. the purpose of marketing is to create the opportunity.
  2. the purpose of business development (sales) is to convert that opportunity into a paying client.

more: 4 reasons selling is hard | if you’re selling, you’re doing it wrong | 8 questions for business success | why believing in yourself matters | what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
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when we meet with prospective clients – and i say this as someone who has sat in on many hundreds of meetings of this nature – we rarely give potential clients a reason to buy from us that they care about.

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four reasons selling is hard

businessman with head in handsbut it doesn’t have to be.

by martin bissett
winning your first client

let’s take a look at the last 16 years of my experience and my research as to where new clients come from in an accounting practice. i don’t think there are going to be too many shocks here.

more: if you’re selling, you’re doing it wrong | 8 questions for business success | why believing in yourself matters | what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourselfgoprocpa.com

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what i’ve found is that 82 percent of all new clients in a given year who come into an accounting firm come in from a referral source. this may be a bank or a lawyer or some other source, perhaps an existing client, who has recommended that a particular business meet with your firm and come on board as a client.
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if you’re selling, you’re doing it wrong

businessman holding two papers with happy and angry face each on themstart treating it like a service.

by martin bissett
winning your first client

being a successful person according to your own measurement of that, and your own goals and your own standards is different for everyone.

more: 8 questions for business success | why believing in yourself matters | what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
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if you’re comfortable with yourself, it’s very likely that others will be too. if you understand the value that you offer (how you can improve a client’s situation to move them closer toward their personal and professional aspirations), you’re likely to be able to convey that value in front of a prospect.
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8 questions for business success

hint: be successful in life first.

by martin bissett
winning your first client

you know the identity of your first client, and if you buy into you, then there’s a good chance of potential clients being prepared to do so, too.

more: why believing in yourself matters | what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
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this is what we must remember about the purchasing of professional services such as accounting. if your prospective client is a grade a or b style opportunity for your firm, then they are not buying the services you provide per se. the services are the vehicles of delivery; the means to the end.
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why believing in yourself matters

young man fixing collar in mirrorperception, even your own, is reality.

by martin bissett

“no man has the ability to step outside of the shadow of his own character.”
— robespierre

as far as our potential clients are concerned, how they perceive us is how we really are to them, regardless of the truth of the matter.

more: what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
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because of this, it’s important to realize that when we are meeting a new potential client who has not been referred to us, it does not matter what the reality of our value proposition is; it matters how that potential client perceives our value proposition. therefore, to be effective
in winning work, we must understand how we can positively influence their perception of us at each stage of the relationship-building process.
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what do you sell on?

8 key questions to get you started on your accountability journey.

by martin bissett

the secret to overcoming failure to correctly implement a successful business development strategy is by “winning your first client” and this starts by being accountable to someone for your performance.

more: what partners don’t tell you | don’t wait for business to come to you | your first sale is to yourself
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

now that “someone” may be your fellow partners in the firm. if you are a senior manager, that may be the partner to whom you report.
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