the partnership

fighting restraining forces

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post with two signs, "same" and "change"plus 5 things we can learn from weight watchers.

by august j. aquila
what makes a great partnership

let’s examine restraining forces through a case study.

more on great partnerships: how you can get partners to change | communication goes both ways | why shared values are important | why ‘walking together’ is so important | 6 ways to pay partners | how to build a better firm through teamwork | innovate or die | 8 ways leaders destroy firms
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thomas was assigned to take over a niche area in the firm. the area had had high productivity in the past.
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how profitability affects income allocation

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man counting $100 bills into three pilesdon’t put the one-firm concept at risk.

by marc rosenberg
partner comp: art & science

intuitively, it makes sense for any organization (not just cpa firms) with multiple locations and departments to measure the profitability of each area.

more on partner compensation: management stipends: who, how and why | partner pay in retirement transition period | how to pay non-equity partners | 5 types of partner evaluations | how large and small firms allocate income | partner pay: recapping the compensation systems | why firms use partner comp formulas | partner compensation: an art, not a science
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industrial companies routinely measure profits by product or plant. why shouldn’t cpa firms do the same, especially with the most obvious candidates: the accounting and auditing (a&a) and tax departments?
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how you can get partners to change

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aquilaquote_planvsexecute_gbask what will happen if nothing changes.

by august j. aquila
what makes a great partnership

do you ever wonder why your best plan is never implemented? why some of your partners sabotage what you are trying to do in the firm?

more on great partnerships: communication goes both ways | chemistry and mutual respect matter | great cpa firm partnerships begin with trust | the 4 best ways to use pre-retirement partners | work together better in 11 steps | drop politics, be accountable | what makes a successful strategic plan?
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over the years i have seen firms develop great strategic, operational and compensation plans and then nothing ever happens. the plans are not implemented for a myriad of reasons.
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management stipends: who, how and why

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businessman sitting behind his desk in the office talking on a mobile phone listening to the conversation with a serious expressionand when not to pay.

by marc rosenberg
partner comp: art & science

what is a management stipend and why is it necessary?

more on partner compensation: partner pay in retirement transition period | paying new partners and lateral hires | 3 rules for promotion to partner | should the mp be the highest paid partner? | integrating partner comp with strategic planning | partner pay: the declining importance of book of business | 3 non-performance-based comp systems
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partners with significant, official internal duties require a substantial amount of time to do these jobs properly. main examples would be the managing partner, pic, practice group leader, executive and compensation committee members.
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communication goes both ways

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diagram of 2-way communication5 best practices on the way to greatness.

by august j. aquila
what makes a great partnership

the other elements of a good partnership won’t make much difference if there is not good or great two-way communication in the firm.

more on great partnerships: chemistry and mutual respect matter | why expectations must be defined | are you driving your best partners crazy? | 7 warning signs for your firm | the checks and balances your firm needs | don’t weed out the roses | back to basics: 25 ways to grow your practice | 3 ways to halt a poor leader | 8 questions that staff ask in a merger | 8 financial ducks to line up now
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

managing partners and partners need to communicate frequently and effectively to make a partnership work.  poor communication is often at the root of many a partnership’s problems.
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chemistry and mutual respect matter

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beakers containing colorful chemicalswhy and how to evaluate chemistry among partners.

by august j. aquila
what makes a great partnership

birds of a feather flock together according to the old saying.

more on great partnerships: why expectations must be defined | why shared values are important | why ‘walking together’ is so important | 6 ways to pay partners | how to build a better firm through teamwork | 8 questions to analyze your pricing | 24 points for after the deal is done | 5 questions for every mp to answer honestly | 6 practical ways to innovate | how to combine two firms after merger: carefully
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

you can generally judge your chemistry with someone in the earliest minutes of meeting them. it’s often best to trust your first impressions, which are based on a lifetime of experience interacting with other people.
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the smart way to pay partners transitioning into reirement

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how to create a win-win.

by marc rosenberg
partner comp: art & science

years ago, i had a consulting project that involved interviewing the firm’s eight partners in december and convening a group meeting in january. one of the partners was retiring, cold turkey, december 31.

more on partner compensation: paying new partners and lateral hires | paying part-time partners | the 8 basics for data-based partner performance evaluations | how to set the managing partner’s compensation | crash course: operating a compensation committee | partner pay: open vs. closed compensation systems | the 3 best partner compensation formulas | 11 points in designing a partner comp system | what partners earn and how they earn it | why most partner comp systems are performance-based
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

he had been a great partner for 40 years and had successfully transitioned clients throughout his two-year notice period, so well that during the last month or so prior to his retirement, the gentleman literally had nothing left to do and was no longer coming to the office. but he was willing to make a special visit so i could interview him.
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partner performance: defining the metrics

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standard deviation curvehow do you know whether you’re working hard on the right things?

by august j. aquila
what makes a great partnership

over the last 10 years, i have conducted surveys with the pcps division of the aicpa, which dealt with performance management.

more on great partnerships: why shared values are important | great cpa firm partnerships begin with trust | the 4 best ways to use pre-retirement partners | work together better in 11 steps | drop politics, be accountable | what makes a successful strategic plan? | innovate or die | partners love, hate leadership | 8 ways leaders destroy firms

goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

in 2006 only 10 percent of the firms responding to the survey indicated that their partners had written goals. six years later, only 11 percent of the firms responding to the survey indicated that their partners have written goals.

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