the toughest job in the world: managing an accounting practice

5 arrows curving upward5 tips for better firm management.

by august j. aquila
what makes a great partnership

wanted: managing partner

requirements: unique individual who can lead a group of independent-minded professionals; keep some semblance of normality; deal with super egos, unproductive partners and dysfunctional partners; grow the business, stay competitive in a rapidly changing and unfriendly environment, and figure out how to compensate everyone fairly. interested parties should send resume and salary requirements to box aa.

why would you want this job?

more on great partnerships: do your partners pay their own way? | 7 keys to becoming an equity partner | how and why to achieve partner unity | how you can get partners to change | are you driving your best partners crazy? | 7 warning signs for your firm | don’t weed out the roses | back to basics: 25 ways to grow your practice | 3 ways to halt a poor leader | 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 a practice today has never been more difficult, but it doesn’t mean that it’s impossible or not rewarding. it all depends on your focus and your willingness to solve the important problems at hand.
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leadership must be persistent and consistent

two businesswomen on sidewalk in a big city8 questions to check whether you walk the walk, or just talk the talk.

by domenick j. esposito
8 steps to great

to me, all of the planning to become a mid-market sustainable brand becomes a reality through persistent and consistent leadership. in the end this, arguably, is the hardest part of the equation, as mistakes are very costly.

more on strategic planning: expand your national and global geographic reach | show clients how to improve working capital | do you belong in cybersecurity? | why you need marquee clients | net profits: how much to whom? | how to drive partner performance with a smart compensation plan | 3 tools to boost your metrics
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a leader in a cpa firm, be it the ceo, managing partner or a senior partner, is the quarterback. he or she is the one who has to set the tone at the top and has a very big impact on the firm’s culture, behavior and compensation of the other partners in the firm.
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seven habits of lousy cpa firm leaders

red 7 facing green 7plus the flip side for successful leaders.

by rex gatto
gatto associates

do you ever wonder how some people get promoted to a leadership position? who did these people know to become a partner or director of tax in the firm?

more gatto:  the new leadership skills you need to make partner in today’s accounting firm   |    comments: gatto responds to “ethics or profits?”   |    how leaders lead in tough times

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

billions of dollars are spent on training present and future leaders: there are special events for partners at prestigious universities, full-day trainings for partners and managers. but how is that benefiting the employees in the workplace? read more →

how to become the firm of choice

august aquila: "at the end of the day, the partners are the culture of the firm."3 steps to take now.

by august j. aquila
what makes a great partnership

just think for a moment. your firm reaches the lofty goal of becoming the firm of choice in your given markets.

more on great partnerships: why partners need written goals | 7 keys to becoming an equity partner | how and why to achieve partner unity | how you can get partners to change | why expectations must be defined | 7 warning signs for your firm | don’t weed out the roses | 3 ways to halt a poor leader | 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.

you now win the best clients, you are able to recruit and retain the best people and you increase firm profitability. what’s not to like about this?
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the two most common management styles

senior businessman with his team at officedo cpa firms need management or leadership?

by bill reeb and dominic cingoranelli

let’s start out with a straightforward question. what is the difference between management and leadership?

more on performance management: 8 ways to manage clients | the limitations of rainmakers | firms only grow when partners play their roles | the four basic parts of cpa firm partner agreements | younger partners see succession differently | how to compensate your managing partner | the job of managing partner: empowered or emasculated? | how the best managing partners turn ideas into reality
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from one point of view, leadership is far different than management.
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when coworkers fight flexible scheduling

man's finger pointing to watchsaboteurs can step in when they don’t realize they can benefit, too.

by ida o. abbott
sponsoring women: what men need to know

a talented, ambitious woman who works less than full time or takes extended family leave is extremely vulnerable to being derailed professionally.

more on sponsoring women for leadership: image often carries ‘double bind’ baggage  | 9 ways to help your protégée land better assignments | the political cost of sponsorship | don’t let gossip interfere | women fight ‘kids first’ perception | 3 changes for men to make | 4 firm benefits of sponsoring women as leaders | being the best means including women
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

whether because she is “out of sight/out of mind,” or because people doubt her commitment, she may be disregarded for promotions or high-profile projects.
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image often carries ‘double bind’ baggage

black woman working at deskhow to provide ‘soft skills’ advice.

by ida o. abbott
sponsoring women: what men need to know

feedback is important at any level of professional development.

more on sponsoring women for leadership: 9 ways to help your protégée land better assignments | steer your protégée to opportunities | 4 keys to pairing sponsors, protégées | 4 ways to help women seek power | women judged on performance, men on potential | 3 ways women benefit when seen as leaders | being the best means including women
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

but for a woman trying to become a leader, honest, clear and practical feedback is essential. she needs to know both how well she is performing and how to project the image she wants others to have of her.
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9 ways to help your protégée land better assignments

woman shaking hands with a man as another man looks onhow are you promoting her to your coworkers?

by ida o. abbott
sponsoring women: what men need to know

promoting your protégée to others is an important part of sponsorship.

more on sponsoring women for leadership: steer your protégée to opportunities | sponsorship best practices, early and ongoing | 3 ways to wreck a woman’s career | 4 reasons women say no to leadership | fix gender bias at your firm | sponsor or mentor?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are nine concrete steps:
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steer your protégée to opportunities

stylized industrial 3d number 88 ways to guide her.

by ida o. abbott
sponsoring women: what men need to know

once you have identified a woman to sponsor and determined that you click, you may be wondering how to get started.

more on sponsoring women for leadership: sponsorship best practices, early and ongoing | the political cost of sponsorship | don’t let gossip interfere | 4 ways to help women seek power | 4 reasons women say no to leadership | women fight ‘kids first’ perception | women judged on performance, men on potential | fix gender bias at your firm | 3 changes for men to make | 3 ways women benefit when seen as leaders | sponsor or mentor? | 4 firm benefits of sponsoring women as leaders | being the best means including women
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are some concrete steps to take:
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sponsorship best practices, early and ongoing

younger businesswoman and older businessman smiling and talking in office hallway17 ways both parties can make it work.

by ida o. abbott
sponsoring women: what men need to know

when you sponsor a woman, there are many steps that you can take to ensure that the relationship is productive and achieves its objectives.

more on sponsoring women for leadership: the political cost of sponsorship | 4 keys to pairing sponsors, protégées | 4 ways to help women seek power | women judged on performance, men on potential | 3 ways women benefit when seen as leaders | being the best means including women
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

here are some tips for getting off to a strong start and following through effectively, especially by focusing on career opportunities and promoting your protégée to others.
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the political cost of sponsorship

woman and man working with calculatoryou may be wondering if you can afford it.

by ida o. abbott
sponsoring women: what men need to know

most sponsorship occurs informally, without any structured or programmatic context. informal sponsor-protégée relationships usually start in one of three ways.

more on sponsoring women for leadership: 4 keys to pairing sponsors, protégées | 3 ways to wreck a woman’s career | 4 reasons women say no to leadership | fix gender bias at your firm | sponsor or mentor?
goprocpa.comexclusively for pro members. log in here or 2022世界杯足球排名 today.

the most common way is when a senior manager or partner

  • identifies someone as a star performer,
  • believes that she has what it takes to succeed and
  • wants to make that success happen.

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four keys for cpa firms pairing sponsors with protégées

business man and woman reading news in magazinelet the help go both ways.

by ida o. abbott
sponsoring women: what men need to know

most leaders engage in sponsorship and have been sponsored themselves, so the nature of a sponsor-protégée relationship should be familiar.

more on sponsoring women for leadership: 3 ways to wreck a woman’s career | don’t let gossip interfere | women fight ‘kids first’ perception | 3 changes for men to make | 4 firm benefits of sponsoring women as leaders

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

generally speaking, you sponsor women just as you do men. you may have to make a little more effort up front. and you might need to adapt to the impact of motherhood and other sex-related differences. but the strategies and tactics that sponsors use to help women move ahead are not much different than those for men.
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