25 ways to grow your practice

in a tough economy, many firms go back to basics to find success.

here’s a list of 25 ideas for growing your practice from management consultant august aquila.

how many are you currently doing?

  1. start with current clients. look at clients that are only using one of your services. for example, a high income individual tax return client who is not using your wealth management services, an audit client that is using any of your consulting services. a client relationship services call is certainly due.
  2. compile a list of clients by sic codes and niches (e.g. not-for-profits, construction, manufacturing, professional services firms, etc.) read more →

accounting and bookkeeping jobs hit new all-time high for month of august

best august ever.

accounting and bookkeeping services, via www.g005e.com

by rick telberg

the u.s. accounting and bookkeeping sector of the economy added 3,500 new jobs in august bringing the full-time workforce in the industry to 955,000, a new all-time record high for the month, according to preliminary new data obtained by 卡塔尔世界杯常规比赛时间.

related
instant download – 2013 salary guide
 
join the survey, get the results – the cpa careers and hiring outlook: job satisfaction and retention benchmarks

join the survey, get the results – top talent strategies:  how to identify and develop professionals for management and leadership responsibilities

in addition, the 卡塔尔世界杯常规比赛时间 analysis shows: read more →

herding cats: change management for cpa firms

eight good tips for getting everyone on board when change is scary.

change is inevitable. but with a crashing a crashing economy, it is also treacherous, which makes these suggestion from august aquila all the more urgent.

1. know where you want to go. what are you trying to achieve as a firm and a partner group? while it’s always difficult to address the elephant in the room, now is the time to take advantage of the economic turmoil and bring all issues to the table.

2. get others involved. if you are the only one in the firm who is pushing for the change, you might as well forget about it. when others get involved they also get committed. they provide you with feedback so that you can develop the best steps in the change process. read more →

the ‘big three’ tax software packages lose market share as apps for smaller firms surge

taxact, atx, drake, proseries and turbotax surge in popularity.

market share of leading tax prep products, 2012 (source: aicpa)

by rick telberg

the three leading tax software packages may be losing ground to applications designed for smaller, younger firms, according to new trend data. the reasons may be several and connected, driven by smaller firms looking to spend less, according to 卡塔尔世界杯常规比赛时间 analysis. read more →

卡塔尔世界杯常规比赛时间 identifies five habits of highly successful accounting firms

a startling statistic about the effectiveness of marketing planning.

the most successful tax and accounting firms – large, small and in between – are 14 times more likely than laggard firms to work from a written marketing plan, according to 卡塔尔世界杯常规比赛时间 research.

coincidence? we think not. the real question is why so few firms make the effort to create and follow a practice development plan when the payoff is so significant and assured.

that’s why 卡塔尔世界杯常规比赛时间 has teamed with capstone marketing in the seven keys to successful cpa firm management program to produce a one-hour crash course on how to build a marketing plan.

the webinar on creating a marketing plan in only 90 days is scheduled for thursday, sept. 20, at 12 noon et (11 am central, 10 am rocky mountain, and 9 am pacific). it’s the first in a new set of webinars deigned to give firms a headstart on new strategies for 2013.

the 卡塔尔世界杯常规比赛时间 research for the sevenkeys cpa program also shows:

  • leaders are 5 times more likely than laggards to have marketing strategies that achieve their goals, and
  • leaders are 11 times more likely to be satisfied with their firm’s performance in marketing and business development.

how do they do it? sevenkeys leaders consistently display five traits:

  1. get most or all partners and professionals to regularly generate new business leads.
  2. make business development activities part of routine performance evaluations.
  3. reward people for winning new business.
  4. get everyone involved and accountable for new business development efforts.
  5. meet regularly to check progress against their plan.

the series also includes one-hour webinars on new lead generation, client service and teamwork. click here for more on the complete four-part turbocharge series.

 

another bad accountant joke

http://baystreetgroup.com/store/instant-classic-the-accountants-bad-joke-book/
order here

an accountant applies for the position of chief financial officer.

there are a number of candidates and he is called in for an interview.

they ask him a number of questions and one of the panel suddenly says “what is eight times five?”

he thinks quickly and says “forty.” read more →

the essence of cpa firm profitability

what mickey mouse can teach accountants about accounting.

by marc rosenberg, cpa
author of the rosenberg map survey

it has been said that organizations should never have profitability as a goal. why? because profitability should be the result of an organization’s efforts, not its goal. profitability is a measure of success in accomplishing core business goals. the disney corporation probably says it best in their mission statement, which is short and sweet, but very powerful: “our mission is to make millions happy.”

disney super-pleases parents by creating hundreds of quality movies and lovable characters children grow up with and adore, and by creating theme parks that tap into our fantasies and imagination. they create the disney magic by operating their entertainment facilities with fastidious devotion to efficiency and cleanliness, and fanatical attention to the tiniest details, and by countless other efforts. disney’s customers not only pay for their access to disney, but they do so with a smile on their face, and they keep coming back for more. at disney, the philosophy is clear: create and maintain a world-class organization that satisfies the customers’ needs, and the profits will come as a result.

related: compensation issues for the new managing partner | 20 decisions for your firm’s new partner compensation committee | three ways to break partner gridlock in an accounting firm | what partners are entitled to, and what they’re not entitled to | how to make partner? | why accounting firm partners are “popping prozac like m&m’s” | more…

the same theme is true with cpa firm profitability. to be truly profitable, firms need to achieve successfully business goals other than profitability. then, and only then, will firms be profitable.

read more →

if business development is a circus at your firm…

…then shouldn’t you be the ringmaster?

by nick keseric

what job would you like in a circus? selling tickets to enter the circus knowing that the people purchasing tickets from you will be treated to a great show? a clown? acting like a kid and making people laugh? a lion tamer? thrilling the crowd with your nerves of steel? a high wire artist? silencing an entire venue while you walk across a razor thin wire?

more on practice development by nick keseric at 卡塔尔世界杯常规比赛时间:  my attitude??? what’s wrong with my @#$%! attitude?  |  curious minds want to know: are you helping or selling?  |  the six-step roadmap for cpa change agents  |  20 biz dev ideas for your career and your firm  |

i’m thinking the ring master would be a pretty good gig. many people might look good in a black top hat and a red coat with tails. i on the other hand would look like a bad imitation of a member of a 1970 british rock band. however, the ring master does have the perception of someone with a good chunk of control.

read more →

sevenkeys cpa research: accounting firms step up marketing efforts in new battle for clients

responses are pouring in for the latest sevenkeys cpa study of marketing trends. (if you haven’t already received an invitation, you can join the survey here. participants get a special report of the the top-line results.) the preliminary results are eye-opening.

the findings will be revealed in the first session, sept. 20, of the four-part turbocharge series of webinars by the seven keys to successful cpa firm management.

accounting firms are rapidly escalating their business-building efforts: read more →

another bad accountant joke

http://baystreetgroup.com/store/instant-classic-the-accountants-bad-joke-book/
order here

an accountant is having difficulty sleeping and goes to see his doctor. “doctor, i just can’t get to sleep at night.”

“have you tried counting sheep?”

“that’s the problem – i make a mistake and then spend three hours trying to find it.”

read more →