when to cut your losses

man with head down on desk, sticky note with "help" writte on it on baseball captenacity and persistence can be friends … or foes.

by bill reeb

you are now at the final leg of the process. to be here, you had to kick out of the try (work)-evaluate loop because you were either feeling unsuccessful or unhappy about your progress or priorities. this negative evaluation occurs as you are either starting to get stuck or you are already stuck.

more: heading off course? time to correct | it’s all right to enjoy success | failure paves the road to wisdom | are you paralyzed by fear? | how to change the way you think (and why) | have your beliefs stopped serving you?
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because you have already worked through the techniques of “what you are thinking,” it’s time for us to walk through the other side of this evaluation, which is “what you are doing.” these techniques should help you find ways to get unstuck from what you are doing so that you can once again start regaining momentum toward whatever goal you are trying to accomplish.
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how the managing partner manages the partners

silhouettes of three business partners talking against a window in an officeit’s a people job.

by marc rosenberg
the role of the managing partner

this is a saying i developed about partners that stands as tall today as it did 20 years ago: “as the partners go, so goes the firm.”

more: overarching authority that managing partners must have | exceptional managing partners offer their advice | why management is the #1 key to the firm’s success | herding cats: advice for managing partners
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this means that the partners are the drivers of the firm’s success. to be sure, nonpartner personnel are critically important to the firm’s success, but nowhere near the level of the partners, who

  • bring in the clients
  • keep the clients
  • help clients grow
  • satisfy clients’ needs by cross-selling services
  • mentor staff, helping them learn and grow
  • embrace the firm’s core values and spread the word to others
  • manage the firm and provide leadership to all

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managing vs. leading

are you solving too many problems?

by anthony zecca
leading from the edge

one of the biggest obstacles to a firm realizing its potential, its partners and staff realizing their potential, and a firm leader maximizing his impact on the trajectory of the firm is when the line between leading and managing gets blurred.

more on edge leadership: assessing your firm | the 4 traits of great cpa leaders | why leaders must ensure clarity | incremental vs. exceptional success | do you lead or just manage? | managing vs. leading | is your leadership team at the edge? | 6 leadership challenges through covid and beyond | edge leaders share 7 strengths | leadership must drive culture | leading from the edge
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too often, center leaders believe their job is telling everyone what to do and how to do it (managing things) versus providing the tools, authority and clarity on the firm’s strategic objectives and then getting out of the way (edge leadership). leadership at its most basic level is about inspiring everyone toward a common shared vision and ensuring that the decision-making hierarchy is clear and consistent within the firm’s mission and core values. edge leadership is not about tactics and how things are done, but about making sure everyone is doing the right things, with accountability for results.
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remote work is more productive

young businessman punching and breaking clock with fistan unexpected pandemic benefit.

by chris frederiksen

after distancing (a.d.), senior people want to work at home all the time. younger staff members want to work in the office all the time. so, what is the new normal?

more: 2021: you’ll never see ‘normal’ again | survey: we adapted to remote work … now what? | survey: 2020’s disruptions are only the beginning | covid brought us more and better client communication
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the most likely is a hybrid model, where people work at home most of the time but come to the office one to two days a week for meetings and team projects – with appropriate masking and social distancing. in 2020, many firms are more profitable than in 2019 because they cut costs and raised productivity.
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