3 Ways Firms Scare Off Successors

Man in suit pointing thumb downAnd 7 steps to making ownership attractive to new leaders.

By Terrence E. Putney
Bridging the Gap

Buying into a firm as a new owner involves great opportunity, but also significant risk. It is reasonable for ownership candidates to evaluate the potential for professional and financial rewards before taking such a step.

MORE: Sponsorship: Barrier to Exit for Diverse Talent | Use Collaboration Technology to Improve Your Firm | 3 Ways to Keep Your Team Members Connected, Engaged and Energized | Growing, Developing Future Leaders Is a Two-Way Street | A Winning Culture Is an Intentional Culture
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Therefore, firms must be willing to honestly assess the potential risks and benefits for candidates as they seek to attract new partner-owners who can contribute meaningfully to the firm’s continued success.