Set a High Bar for Successors That Is Achievable

Enlist a trusted third-party adviser early on to help the team build consensus without damaging egos and relationships.Client transition, staff integration and onboarding, internal review policies, technology conversion and assimilation, communication plans, employee compensation and benefits, billi...

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Bibliographic Details
Published inPennsylvania CPA Journal Vol. 89; no. 2; p. 17
Main Author Rosenbloom, Ira S
Format Trade Publication Article
LanguageEnglish
Published Philadelphia Pennsylvania Institute of Certified Public Accountants 01.07.2018
Subjects
Accounting firms
CPAs
Succession planning
United States > US
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Summary:Enlist a trusted third-party adviser early on to help the team build consensus without damaging egos and relationships.Client transition, staff integration and onboarding, internal review policies, technology conversion and assimilation, communication plans, employee compensation and benefits, billing and collection protocols, and marketing outreach are all attributes that should be envisioned.Tackling the capacity requirements early with work flow analytics, production parameters, and demographic evaluations is essential to being honest and realistic about what can be accomplished.
ISSN:0746-1062