On behalf of the Accounting Influencers Broadcast Network, this is the "Insights in Accounting" show, going live every Tuesday. This show is about filling in the knowledge gaps in your busy lives as accountants and leaders in practice, plus bookkeepers, finance leaders and the software/fintech industry that serves them. It's what you missed and you didn't know you missed, and why it's important.
Episode 8. In today's interview, "Succession Planning Must Dos for Accounting Firms."
Key takeaways from this episode include:
asking whether the accounting firm you run, own, work for or engage is 'highly desirable
what the most successful accountancy firms focus on when it comes to succession planning
the need for 'best in class' accounting practices to focus their service offerings on what they are truly great at
the dangers for accountants and firms in dabbling with different sectors and services lines
why advice for accountants to 'sack bad clients' is poor advice, and what they should do instead
what being selective about clients can do for an accounting firm's succession plan and becoming a better firm to buy
how accounting firm culture has moved from being a luxury to a competitive advantage
what prioritizing your accounting firm's employer brand will do to raise the level of talent wanting to work for you
how pricing services appropriately in accounting firms can impact succession planning
Source:
https://www.accountingtoday.com/opinion/the-four-pillars-of-effortless-succession-planning
by Brannon Poe
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❶ Success in Accounting - MONDAYS. Our flagship main show featuring panels, highlights, combinations, panels, topics, live interviews and best ofs.
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❹ Best Practice in Accounting - THURSDAYS. Practice development, growth, management, consulting, examples, stories and practical here's what works stuff for accountants, bookkeepers and the fintech/software people who serve them.
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Mentioned in this episode:
Dead Show / Youtube
