Keep Your Firm from Biting the Dust

"Sorry WE'RE CLOSED" sign hanging in windowCHECKLIST: The 12 key objectives and 23 day-to-day responsibilities of successful managing partners.

By Domenick J. Esposito
8 Steps to Great

While there are lots of reasons why small and midsized CPA firms don’t realize their full potential – and, in some situations, fail or bite the dust – we have found that the downward spiral of a firm usually starts with the managing partner.

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The managing partner is the heart and soul of any CPA firm – the shepherd, orchestra leader, or quarterback, if you prefer, of the partner group – who didn’t fully understand the key objectives and day-to-day responsibilities of his or her role, and therefore, failed to operate on all cylinders.

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Domenick J. Esposito



About the Author

Domenick J. Esposito is the former CEO of Grant Thornton, vice-chair of BDO, national growth director at CohnReznick.

He is the author of "8 Steps to Great: The Eight Essential Strategies Driving Success at the World's Largest CPA Firms. And How to Apply the Lessons at Firms of All Sizes," published by CPA Trendlines.

His consulting firm, EspositoCEO2CEO specializes in helping managing partners and other senior partners in small and mid-sized firms evolve their firm from good to a mid-market sustainable brand. Esposito CEO2CEO, actively led by Esposito, draws upon a diverse and expansive pool of consultants with a wide range of expertise who are introduced into assignments when called upon.

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