Soloists, Small Firms Cite Top Challenges

Johnston, Garrett, Tankersley
Johnston, Garrett, Tankersley

BONUS LISTS: Pros and cons of opening an office. Top sources of new clients. And how time is spent.

By Randolph P. Johnston, Leslie Garrett and Brian F. Tankersley
The Accounting Firm Operations and Technology Survey

One of the more significant challenges for a small firm is the determining the proper level of overhead spending to support the firm’s client base as they try to work with clients. Despite significant savings in some areas associated with working from home, this lack of infrastructure limits the firm’s ability to

  • hire staff,
  • meet with clients and
  • be accepted as a credible business entity by the larger business community.