Illinois CPA Society CEO lays out the three big challenges.
Gear Up for Growth
With Jean Caragher
For CPA Trendlines
CPA Trendlines Deal Tracker: A market drowning in capital but starving for qualified sellers is driving heated concentration.
By CPA Trendlines Research
Considerations that might not have occurred to you.
By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting
Once you decide upon a specialization, you need to go about making yourself an expert. Read, join professional associations, take focused CPE, and try to write articles or give speeches. Accountants who are industry experts become industry thought leaders.
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Some specialties require obtaining designations or certificates of completion that require study and time – an investment you and the firm would have to make. There is no easy path to growing and establishing expertise, but it is a joyful ride.
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What helps one might help others.
By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting
We all use the cliché that we give the clients the best we got, but what does it really mean?
Exclusively for PRO Members. Log in here or upgrade to PRO today.I’ve written about value-added services and efforts we can do on behalf of our clients, but here is a different approach I have used.
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Some growing pains never change.
By Ed Mendlowitz
Call Me Before You Do Anything: The Art of Accounting
“CPA Firm Grows Prosperous by Heeding Its Own Advice.” The Wall Street Journal published an article with that title in their May 18, 1981 issue about my firm, and this column describes some of what we did.
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The article began by stating there were about 28,000 CPA firms in the U.S., with about 19,000 being sole practitioners and many others with just two or three CPAs. These numbers are lower than now, so the profession and small firms have grown significantly in the last 40-plus years.
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