STRATEGY

Concrete Steps to Imagining Your Firm’s Future

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What is a vision you’d be proud of?

By Matt Rampe

You’re building momentum! If you were in an airplane, you’d be at about 10,000 feet and climbing rapidly toward your highest altitude. In the Imagine stage, we’ll take it all the way to 30,000 feet, where the big picture emerges clearly for all to see.

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If the Identify stage is about who we are and why we exist as a firm, Imagine is the exciting part where we create alignment around where we want to go together.
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What Strengths Can Your Firm Leverage?

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Woman leading meeting, flipchart in background

Identify them in both individuals and the business.

By Matt Rampe

After lots of thoughtful prework in the Initiate stage, you’re now at your strategic planning event! It begins with the Identify stage, where we are going to identify areas of excellence in your firm to build momentum.

MORE Strategic Planning
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Let’s check in on Fortuna Accounting’s strategic planning event.
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Culture Due Diligence Is Real and Necessary

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Woman and man shaking hands in office conference room

A six-point road map to follow.

By Domenick J. Esposito
 8 Steps to Great

Over the last several years, there have been over 200 merger, acquisition, alliance and joint venture announcements by the Top 100 and other fast-growing CPA firms. Every indication is that these combinations will continue at a very rapid rate as CPA firms are:

  • Facing an aging partner group that usually includes the most effective relationship and business development partners. Baby boomers have been a home run for CPA firms.
  • Finding organic growth very difficult to attain with little prospect that business is going to dramatically improve in the foreseeable future.
  • Realizing an inability to attract an adequate supply of high-quality talent to help perpetuate the firm.

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CPA firm CEOs and other senior management are very effective at financial and operational due diligence, tracking results and holding partners accountable for hitting timely targets. On its face, an observer would tend to conclude that these 200+ combinations are very accretive to partner profitability after an integration period of 18 to 24 months.
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Time to Initiate Planning: What Do We Want to Accomplish?

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four businesspeople seated around table with whiteboard behind them

Why psychological safety is so important.

By Matt Rampe

You’re at the starting line! You know what strategic planning is and why it matters, and you’re ready to begin. This article will tell you all about how to start strategic planning. It’s called Stage 1: Initiate.

MORE: Why Strategic Planning Matters More Than Ever
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While we eventually will cover the whole 5i process, it’s worth noting that this process can be tailored to your firm, so feel free to take pieces of it that may apply and leave behind any that don’t, based on your situation. You’ll find many useful tools and ideas even if you don’t use the whole framework.
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