When Managing Partners Can’t

Word "fail" written in red markerFour ways to make sure managing partners will fail.

By Marc Rosenberg
The Rosenberg Practice Management Library

There is an intuitive notion that comes to partners that goes something like this: “Let’s all get together and form a firm that will make us all more successful than any of us could be individually. We’ll follow the principles of democracy by dividing up the management duties so that no one is overburdened. The partners will make decisions as a group, thereby avoiding vesting too much power in one person.”

MORE: Don’t Let Exiting Partners Double Dip | The 13 Signs You Have a Partner Problem | COVID-19, Adversity and Innovation | How Covid Impacts Partner Retirements |  Three Tough Questions in Partner Buyouts | Is Mandatory Retirement a Best Practice? | COVID-19: How Your Firm Can Respond
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Management by committee is doomed to fail. This list refutes the excuses partners often give for favoring management by committee.