“Things may come to those who wait, but only the things left by those who hustle.” – Abraham Lincoln
By Steven E. Sacks
The NEW Fundamentals: Practical Guidance for Today’s Accounting Firms
Younger professionals are looking for CPA firms that will enable them to move up the career ladder faster than what had been the traditional time frame. Depending on the existing firm structure and size, there may not be any partnership opportunities until such time there is retirement, resignation or death.
MORE: Got Great People? Work to Keep Them | The 5 Keys to Success in Accounting Careers | The Holy Grail: Finding the Right Talent | The Power of ‘Real Influence’ | Stop Wasting Time in Useless Meetings | Is Your Firm’s Culture a Magnet?
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At the same time, the roles and responsibilities of a partner have evolved; clutching tightly to a book of business or pulling needed staff from others when engagements are not concluded has reduced the sense of collaboration and entrepreneurship. This has made the attainment (and the pursuit) of partner less appealing.
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About the Author
Steven Sacks, CPA, CGMA, ABC, has been at the forefront of the accounting profession for 30 years.
He is the author of
"The NEW Fundamentals: Practical Guidance for Today’s Accounting Firms,"
available here from CPA Trendlines.
His involvement included the development of the first set of consulting standards, the creation of the Accredited in Business Valuation credential, the publication of practice management guides and award-winning newsletters, and addressing business development and organizational management in both the public and private sectors. He has served professional service firms and membership associations through the deliverance of leading-edge conferences, presented to colleges and universities on careers in accounting, and created workshops, webinars, and webcasts on a variety of accounting and consulting topics.
As the CEO and founder of Solutions to Results LLC, Steven assists professional service firms and organizations to solve the challenges of human capital development, workplace culture, and developing effective internal and external communication strategies and techniques. Previously, as executive director of Moore Stephens North America, he served CPA firms with conferences, webinars, workshops, various communication vehicles (including a multi-year, award-winning association newsletter), and a skills database for the development of domestic and international engagement referrals. At the AICPA, he developed strategies and business plans for growing the consulting services membership section; published technical service and practice management guides; participated in the creation of the first set of standards for consulting services; led the creation of the Accredited in Business Valuation credential; developed niche conferences in valuation, litigation support and forensic services; and presented to colleges and universities about CPA consulting careers.Click here for more by Steven Sacks