By Domenick J. Esposito
8 Steps to Great
There is no question that the most profitable CPA firms (i.e., those with the highest average partner earnings) have figured out that leverage and a well-managed partner/staff pyramid is one of the key ingredients for success.
MORE ON STRATEGIC PLANNING: Start with Sound Firm Governance, Economics | How to Develop Tactics for Your Strategic Plan | Taking a Balanced Scorecard to Your Partners | As Tax Season Ends, Strategic Planning Seasons Begins | The Big Eight: Harsh Realities for Firms Today | Seizing the $10 Trillion Opportunity | Learning to ‘Run with the Big Dogs’
Why is it then that so many firms today are struggling with just the opposite – an upside-down partner/staff pyramid where there are
- too many partners and managers,
- too few staff and
- too little use of technology?