New practice management study reveals four strategies to maximize your profits.
By Charles Hylan, CPA
Charles Hylan is one of the authors of the Rosenberg Survey report and a shareholder in The Growth Partnership, a business development training and consulting firm for CPA practices, which fields the survey.
What an exciting time to be working in the accounting profession!
Why do I say this? Three reasons:
- The shift from compliance to advisory work.
- Unlimited career paths.
- Record levels of profitability
Our profession would be better off if younger staff and managers knew what a lucrative career they could have in the industry. I’m not suggesting that partners share tax returns or W2s and K1s. However, education around practice management topics would enable the profession’s future leaders to understand the “business” side of the profession, the entrepreneurial opportunities, and the economic upside.
Let's run the numbers...