Take Yoda's Advice on Strategic Planning

https://cpatrendlines.com/?p=66294Seven questions to determine whether you're ready.

By Marc Rosenberg
The Rosenberg Practice Management Library

“Do or do not – there is no ‘try.’”

Those are the immortal words of one of my two favorite movie mentors, Yoda from Star Wars. (Mr. Miyagi from “Karate Kid” is a close second.)

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Yoda is giving young Luke Skywalker his Jedi training and asks if he is ready. Luke responds, “I’ll give it a try,” prompting our beloved Jedi Master to utter his famous quote. When I come across this line, it makes me think of managing a CPA firm (OK, I’m a little weird about these things!).

Over the years, many CPA firms have invited me to help them create a strategic plan. Most of the time, I decline. Why? Because they don’t have what it takes to be successful at it and I don’t want to be associated with a consulting project that fails. The partner group needs to be in a position to do the strategic plan, not try. To help me decide if they have the right stuff, I ask these questions:

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Marc Rosenberg

Marc Rosenberg at cpatrendlines.com

About the Author

Marc Rosenberg, CPA, is a nationally known consultant, author and speaker on CPA firm management, strategy, and partner issues.

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His CPA Trendlines publications include:

President of his own Chicago-based consulting firm, The Rosenberg Associates, he is founder of the most authoritative annual survey of mid-sized CPA firm performance statistics in the country, The Rosenberg Survey. He has consulted with hundreds of firms throughout his 20+ year consulting career. Accounting Today has acknowledged Marc Rosenberg as one of Top 100 Most Influential People in the CPA profession for the past 11 consecutive years and INSIDE Public Accounting has repeatedly recognized him as one of the Ten Most Recommended CPA Firm Consultants.

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