Ineffective Management Is Hazardous to Your Firm’s Health

Red warning sign9 warning signs, plus 4 things a managing partner should NOT be.

By Domenick J. Esposito
8 Steps to Great

Hard to believe but every year there are a number of small and midsized CPA firms that either “die on the vine,” break up or merge up as “damaged goods” if a well-run firm is willing to take them on.

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Why is it that so many firms continue to spiral into a slow death? It’s because they are aware of the danger signals but little, if anything, is done about them or because they are not paying attention to the warning signs including the following: