Many of the accounting firms in the U.S. could benefit from a firm retreat but might consider themselves too small to organize an opportunity to focus on growth strategies for the future, according to Rick Solomon, CPA, CEO of RAN ONE Americas.
"Small firms rarely have the occasion to conduct a retreat, especially with several skilled facilitators, because of the costs involved," Solomon said.
RAN ONE Americas' Firm Retreat has been designed to offer accounting and advisory firms that specialize in small to mid-sized enterprises a forum to address challenges, redefine goals, and develop an effective business plan under the guidance of two experts in practice management.
"This `hosted' firm retreat provides a resource that is not otherwise likely to be available," said Solomon. The retreat is being held October 25-26 in Orlando, Florida, at the Hyatt Grand Cypress. Facilitators include Solomon and Michael Platt, MBA, publisher of Inside Public Accounting.
While most firm principals can agree they want more growth, they don't always have a clear path for success.
"The single biggest inhibitor to a firm reaching its full profit potential is that its leaders are not all rowing in the same direction," said Solomon. "When firm leaders are aligned around a common vision and a shared strategy for achieving it, growth is the natural outcome."
The Firm Retreat provides structured sessions for non-competing firms from different regions of the country to develop business strategies and hear case studies and best practices. The retreat also features networking, interactive sessions, peer feedback, and idea-generation opportunities. Fees include all presentations, hands-on sessions, breakfast and lunch both days, and handout materials. Attendees can earn up to 16 continuing professional education hours.
"This is the first time our partners have gotten together for a retreat, and we were able to put together an action plan we never would have accomplished on our own," said Tim DeVries, CPA, Ryun Givens and Company, a three-member firm in Des Moines, Iowa, that participated in last year's event.
"This retreat made me think about my firm, partners, team, and clients like never before. It forced us to make a plan with action items that start us on the right foot forward," said Vince Granito, CPA, Gallovic, Granito and Company, a two-partner firm in Mentor, Ohio, that also benefited from the retreat in 2009.
The retreat is open to firms nationally and internationally. Registration, agenda, discounts, and other details are available at www.ranoneannualconference.com or by calling (800) 806-8050.