By Marc Rosenberg
The Rosenberg Practice Management Library
It used to be common for practice management conference agendas to include a panel of luminaries – prominent consultants and rock star managing partners – to make predictions for the CPA industry. As an up-and-coming consultant (who was too new to be invited as a panelist), I saved several years of these predictions to see if, years later, the predictions came true.
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I was not surprised to find that only 10 percent of these predictions came true. (Examples: the demise of small and midsized firms; outsourcing to become mainstream; tax law simplification.) I vowed then, as I continue to do today, to refuse invitations to make predictions.