A little at a time still gets you there.
By Kristen Rampe
The Rosenberg MAP Survey: National Study of CPA Firm Statistics
Retiring will continue to be difficult for many partners of small firms. Even if on paper they’ve done their job of bringing in new partners, many of their successors already have a full book of business and can’t absorb all of the outgoing partner’s client bases.
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Not to mention that many newer-generation partners have no appetite for the long-hours lifestyle of baby boomers. It’s not uncommon to need two new partners to replace a founder who’s been working 3,200+ hours per year. Few want that job.
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