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Succession Planning Must Dos for Accounting Firms

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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