Growth, Succession Plans Critical for Firms


They say “past results are no indication of future performance.” Maybe. Maybe not. But if anyone should know, it’s our panel of experts, their comments drawn from the new edition of The Rosenberg MAP Survey. These are their bullet points and comments, verbatim, looking back at the last 12 months and looking ahead to 2016. – Rick Telberg, CEO

By Tamera Loerzel

Lessons from 2015:

Capacity is the number one challenge in firms today. Turnover, millennials working differently (and many leaving the profession) and succession all continue to impact capacity in firms. As mature partners with deep technical or industry expertise and rainmaking ability exit, firms are left with a gap that leaders have struggled to develop and replace at the pace they need to.

More on the  2016 Outlook & Forecast: CPA Firm Growth Rates Hit a Wall  |  The Five Treacherous Factors Hobbling Today’s CPA Firm  |  Sam Allred: Change Agents Needed  |  Allan Koltin on Talent Wars Go from White Gloves to Boxing Gloves  |  Get the full report: The Rosenberg Map Survey

Growth continues to be a focus for firms and most firms are blessed with positive growth this year, including a combination of both organic and inorganic growth through M&A activity. The challenge is managing growth to ensure firms have the people – at the right levels with the right expertise – to serve the clients.

Forecast for 2016: