The Toughest Job in the World: Managing an Accounting Practice

5 arrows curving upward5 tips for better firm management.

By August J. Aquila
What Makes a Great Partnership

Wanted: Managing Partner

Requirements: Unique individual who can lead a group of independent-minded professionals; keep some semblance of normality; deal with super egos, unproductive partners and dysfunctional partners; grow the business, stay competitive in a rapidly changing and unfriendly environment, and figure out how to compensate everyone fairly. Interested parties should send resume and salary requirements to Box AA.

Why would you want this job?

MORE ON GREAT PARTNERSHIPS: Do Your Partners Pay Their Own Way? | 7 Keys to Becoming an Equity Partner | How and Why to Achieve Partner Unity | How You Can Get Partners to Change | Are You Driving Your Best Partners Crazy? | 7 Warning Signs for Your Firm | Don’t Weed Out the Roses | Back to Basics: 25 Ways to Grow Your Practice | 3 Ways to Halt a Poor Leader | 8 Financial Ducks to Line Up Now
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Managing a practice today has never been more difficult, but it doesn’t mean that it’s impossible or not rewarding. It all depends on your focus and your willingness to solve the important problems at hand.