finance execs can glean a few insights from how some fortune 500 ceos are riding out the recession. by rick telberg for the finance executive few business people accurately predicted exactly when the global economic bubble would go bust, nor … continued
leaders vs. laggards and the seven keys to successful cpa firm management melissa hoffman lajara at the new york state society of cpas reports in the latest e-zine on my part in last week’s practice management conference: there are just … continued
cch rolls out white paper on role of technology.
… which shouldn’t be surprising, considering cch is in the tax and accounting technology business. but cch’s research adds some perspective to the importance of progressive thinking in creating a competitive firm.
here’s the full release:
creating a long-term sustainable business advantage is the key to success for accounting firms, in both good and challenging times, yet some firms do it better than others. what’s their secret?
cch, a wolters kluwer business (cchgroup.com) commissioned an independent nationwide survey examining the practices of high performing accounting firms to examine what market leaders are doing today to achieve success and what their plans are for the future. the survey, conducted by opinion research corporation (orc), included interviews with 100 partners at accounting firms nationwide.
across the board, the survey found that high performing firms are more likely to leverage technology to help them in the critical areas of staffing, client service and practice management to optimize performance.
“high performing firms look at technology as a fundamental part of their business platform,” cch president mike sabbatis said to an estimated 1,000 tax and accounting professionals in his keynote address at the cch user conference. “most of these firms include technology in their strategic plans and clearly see the critical role it plays in their success.”
wed., oct. 28, in midtown manhattan. i’ll be delivering the luncheon speech, “seven keys to success in cpa firm management.” but the best reason is to go is probably the first panel of the day: practice continuity: a moderated panel … continued
accountants who believe they work for a relatively superior organization are far less likely to be looking for their next job. by rick telberg with the economic downturn bringing sometimes brutal pressures to bear on corporate finance, many companies are … continued
and three new rules for surviving today’s management challenge. by rick telberg in these times that test the mettle of accounting and finance leaders and mangers, it may be worth pausing for a moment to ask if the rules are changing. … continued
cpa chad bordeaux at beancounter ramblings has some good answers… “i do not think that these essential elements change so much depending upon the economy. a truly great leader will possess these qualities regardless of the economy. the differentiating factor … continued
barry schimel, cpa and bizactions co-founder, has been there, done that. now he has some insight for the rest of us.
by rick telberg
in these turbulent times, it’s more important than ever for accountants and finance managers to go beyond traditional compliance services and think instead about forward-looking strategies for helping their companies and stakeholders become more effective and profitable.
barry schimel, cpa and a co-founder of the bizactions e-mail marketing system for accounting firms, has seen lots of ups and downs in his career, starting as the managing partner of a regional accounting firm a couple recessions ago. back in the 1980s, when schimel was managing partner of his own accounting firm, more than a few of his business clients were desperate. so he steered his whole firm into crisis control.
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“we would work with clients until midnight, coaching them on what they could do to sustain themselves and help them grow,” schimel told me. today, he tells accountants to focus on what can you do for the company tomorrow, instead of on what happened last year. “the opportunities are greater for a business if you can reverse the usual ways a cpa has been trained and think about the future instead of the past.”
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now on his fifth book, “100 ways to profit in a volatile economy,” schimel talked to me about what he has learned about how accountants and accounting firms can help companies through the recession. co-authored with bizactions colleague gary kravitz, the book offers a slew of proven and tested strategies that have been successfully implemented in numerous organizations, as well as new tactics based on provisions in the 2009 american recovery and reinvestment act.
and 12 things that should. by august aquila the purpose of the retreat should be clearly thought out early in the year. articulate one or two goals for the retreat. you need to be very specific as to what you … continued
and seven ways to build the right culture.
by august aquila
if you’re thinking about the quality of leadership at your firm, think on this: read more →
the folks at intuit have done a study.
from an entrepreneurial cpa who’s been through a few.
six-year culture of abundance ends with a thud, firms re-group, restructure and re-learn how to operate in a culture of recession. via news release the cpa profession opened 2008 on the heels of several years of extraordinary growth and profits, … continued