Innovate or Die

Photo of a skunkUse a ‘skunk works’ mentality so the compensation trap doesn’t ruin you.

By August Aquila
Creating the Effective Partnership

The focus on most CPA firms is on billable hours. While there is nothing inherently wrong with this focus, it has become the overriding focus of firms.

MORE ON LEADERSHIP FOR PRO Members3 Ways to Halt a Poor Leader | 5 Questions for Every MP to Answer Honestly | Does Your Dashboard Need Fine-Tuning? | The 4 Best Ways to Use Your Senior Partners | How to Tell a Culture Change Is Due | Today’s Top Six Partner Compensation Trends | 11 Steps to Building a Better Partnership Team | Why Your Firm Should Be a Republic | 8 Financial Ducks to Line Up Now | Partnership Is About Persuasion

There is nothing wrong with making money today, but what about building for the future? With “today” being the dominant focus, what is the encouragement to CPAs to innovate? In most firms there is no alignment with innovation and compensation.