new times call for new cpa firm metrics

how to fine-tune your management dashboard for effectiveness, innovation and growth.

dreamstime_xs_9983601.jpgby august aquila
creating the effective partnership

don’t kid yourself – it’s a new world out there. accounting firms need to become more transparent. partners and employees need to truly understand the firm’s vision and value proposition. they need to see how their daily actions move the firm toward its goals. mission and vision can no longer be vague, fluffy statements that mean nothing to your clients, employees and partners, and prospects.

this new environment requires firms to actually implement their goals by looking at specific objectives and measures. performance and execution are the key operatives. the old measures, by themselves, won’t do the job anymore. they are still valuable, but new measures are needed today. firms no longer compete with the firm down the street in terms of mere marketing. they now complete in how they manage the practice, treat their employees, win employees’ hearts and minds and provide a true learning environment.

what would it be worth to you if you had a system which could measure your business development and management efforts?  in short, measure how well you are implementing your firm’s strategy? read more →

how does your firm measure up?

take gallup’s 12-question leadership test.

after using many different varieties of opinion survey, the gallup organization came to the conclusion a few years ago that the responses to just 12 questions can show why one organization, division, department or any other managerial unit is happier and more profitable than another.

on a scale of 1 to 5, with 1 being “no, or rarely,” and 5 being “yes, mostly,” how would you score? read more →

4 ways small firms can surpass larger firms

by sandi smith leyva
the accountant’s accelerator

when i look through accounting today’s top 100 leaders list and the comments they have made about what they perceive to be the challenges in our profession, many of the answers are the same: change, talent and relevance are a few you’ll see. and they are all right to some extent, but there is a deeper systemic problem that i think could fix quite a few of these in one swipe. i’m not saying it will be easy, but it is a fairly straightforward problem once diagnosed.

the most interesting part is that the smallest firms are getting better at solving this than the larger firms. read more →

7 signs your firm is headed for an implosion

plus: the 8 leadership traits driving firms toward destruction and 3 steps to fix the problem.

aquila
aquila

by august aquila
creating the effective partnership

many accountants could add to this list, but here are some of the surefire signs that a firm has weak leadership driving the firm toward implosion.

  1. the way partners resolve issues is by finger pointing
  2. the firm is in a spiral downward trend read more →