The Three Biggest Money Leaks in Your Practice

Sandi Smith Leyva
Sandi Smith Leyva

Start with a clean spreadsheet.

By Sandi Smith, CPA
Accountant's Accelerator

There are dozens (and maybe hundreds) of ways your practice can leak money. Here are three ideas that are fairly simple to implement and may be some great goals for you to consider.

More for soloists and small firms: New Client Opportunities with Mobile Apps  /  Six Questions to Launch Your Strategy Sessions  /  What Most Accountants Miss in the Five Simple Steps to Get More Clients  /  10 Ways to Add a “Money Maker” Hour to Your Day  /  11 Sources of Wealth We Can Celebrate  /  Nine Value-Adds to Command a Higher Fee  /  How to Design Your Business Around Your Strengths  /  How to Make It Easy for Clients to Hire You   /  12 Fast, Low-Cost Tips for a Stress-Less Practice  

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Rick Telberg

Rick Telberg

About the Author

Rick Telberg is a veteran analyst, advisor, commentator, editor and publisher. He brings a unique background and perspective to research and advisory services for the professional services community.

Mr. Telberg may well be the accounting profession's most widely-known commentator through his long associations with the American Institute of Certified Public Accountants, Accounting Today magazine, and today, CPA Trendlines.

As an expert in management, marketing, media and e-commerce, Mr. Telberg has served as Senior Editorial Director of Pro2Net Corp., now www.smartpros.com, and as Director of Online Content at CPA2Biz, www.cpa.com.

Previously, Mr. Telberg served as the early Editor-in-Chief of Accounting Today, and as Vice President/Group Publisher at Thomson Financial (now SourceMedia), overseeing Practical Accountant, Accounting Technology, and what is now AccountingToday.com.

Mr. Telberg was presented with a special citation by the National Society of Accountants for service to the profession and has served on a variety of boards and steering committees, including BKR International and the IBM Small Business Advisory Council. He is a graduate of New York University.

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