Episode 49. In today’s practical episode, “What Works for Accounting Firms with Succession Planning.”
Key takeaways from this episode include:
➯ how succession planning is a big problem with a potentially small solution for accountants
➯ why it’s so difficult for accounting firm leaders to identify their partner avatar for succession
➯ what accounting firms need to do with their potential partners to accelerate succession
➯ questions accountancy leaders should ask themselves about how they are nurturing future leaders
➯ the primary consideration for partner material in accountancy firm succession plans
➯ how accountancy leaders can improve the existing skills and diversity of their partner cohort
➯ what natural skills senior managers and directors in accountancy firms should possess to be promotable
➯ a simple way to delegate responsibility to future leaders to check whether they are ready to step up in their accounting career
➯ ways to get the internal team wanting to buy out the senior partners in an accounting firm
NOTE TO LISTENERS:
The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus ‘from the client’s perspective’ episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week’s episodes.
Every Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen.
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Every Thursday the show gives you a practical ‘here’s what works’ tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up.
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