2020 Outlook: Innovate and Anticipate

You might have to do some hiring, or at least subcontracting, to keep the proper focus.

By Michelle Golden River

Change is here and firms are moving, but at vastly different paces. While minds are certainly more open, firms aren’t equal in knowing where to start and how to cope.

MORE: 2020 Outlook: Balance Advisory and Compliance | Talent Shortage Drags On | Demand Is High | Business Development Goes Borderless | Data Import on the Rise | Becoming the Most Valuable Advisor | Top Three Tips for 2020 Success | Where Do You Want to Be? | Dicey Disruptions
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Firms need more change-management function experts (there are great consultants in this space, and fantastic books out there) and project management experts (see Project Management Institute) to execute promptly once strategies are set.

2019: Merger Effects Felt Long after Deals

Succession, underperforming partners also issues.

Today’s Top Trends in Mergers & Acquisitions:
Who’s merging, who’s not, and why:

Join the Survey. Get the Results

By Michelle Golden
The Rosenberg MAP Survey

It’s been a major eye-opener for firms. Reality is hitting home about the true implications of technology advances, global standards, tax reform, and talent transition.

MORE FROM THE MAP SURVEY: 2019: Appetite for Growth Unabated | 2019: Doing More With Less | 2019: Tech Isn’t the Problem. It’s the Solution | 2019: Using M&A to Launch Consulting | 2019 Trends: Client Service Changes
GoProCPA.comExclusively for PRO Members. Log in here or upgrade to PRO today.

Overall, I’m impressed by the grace our profession’s leaders (across the Top 200) are showing as they embrace these huge changes as opportunities vs. threats.

Change Your Thinking, Change Your Future

Competing today necessitates a client-driven, not practice-driven, firm.

by Michelle Golden
Professional Services Marketing 3.0 by Bruce W. Marcus

Bruce’s newest book documents an important evolution in professional firms and the way law and accounting firms interact with current and prospective buyers. These interactions include serving the client, but also—quite importantly—reflecting how people working in firms present themselves in terms of their ability to bring true value to those who hire them.

Bruce’s approach is two-fold: understand the past, and be intentional about the future. As you read, and consider your firm’s present marketing in light of this broader, historic context, you have the opportunity to identify counter-productive attitudes and approaches and move to an advanced level of marketing sooner than you otherwise might. The author shares, through his rich observations and experiences, that the views a professional holds about the value of his or her offerings, and marketing in general, are more important than the specific marketing tactics he or she undertakes.