8 seconds into the future: meet generation z

your new clients, new staff, new partners.

by hitendra patil
pransform inc.

have you ever watched a 5-year-old play on a tablet? it’s effortless. to them, it’s second nature.

born in 1995 or later, generation z makes up 26 percent of the united states population and is responsible for yearly spending of $44 billion.

but they may already be impacting the future of the accounting business in four important ways: read more →

all great strategy starts with “why”

what do we want people to know, think or feel as a result of our internal communications efforts, and why? by bruce w. marcus the answers to these questions are the foundation for any communications activity, internal or external. they … continued

5 must-do’s for every managing partner today

listsnew study shows merger mania and consolidation force new imperatives for the year ahead.

via bkr international

it’s no secret that the u.s. accounting industry is consolidating. with m&a comes an era of larger regional firms with more staff and more specific advisory services and clients than the general public accounting practice model our fathers and grandfathers knew.

more on the managing partner: the 9 ways managing partners leverage technology for a competitive edge  |  the 3 traits shared by 150 top managing partners  |  how the best managing partners lead by example  |  what successful managing partners do  |  managing partners reveal 11 strategies for getting their firms to the top  |  27 tough questions for evaluating the performance of a managing partner  |  essential advice for the new managing partner  |  eight new metrics to measure managing partner performance and potential

whether they want to conserve firm value for outgoing partners or grow for the next generation — or both — firm managing partners face difficult choices.

in a new study, members of bkr international reveal five important to-do items that need to take place within firms to support continued growth and excellent client service in the coming year and beyond. read more →

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 →

what stage of business are you in?

evolving from running a practice to leading a business.

by sandi smith leyva
the accountant’s accelerator

technology has allowed just about everyone to start their own businesses. we can do something part time, full time or in between. we can start and stop our businesses. we can be successful at lots of different business models. and we can go through stages of our business.

if you want to grow exponentially, or even linearly, you’ll need to progress. and before you can do that, it makes sense to figure out where you are now. here are five stages of business so you can see where you are now and where you want to go. read more →