Practice news November 2010

Practice Management

The first person you have to manage every day is yourself

The first person you have to manage every day is you. You want to be in a strong position at work. You want to take charge of your role in every relationship with every boss. It's just that there are so many factors beyond your control at work.
AccountingWEB Life

How exceptional is your client service?

What’s the No. 1 goal of CPA firms everywhere? To attract more clients and then retain them for decades. But, because many services CPA firms provide must meet rigid requirements and standards, the level of service that clients receive in these areas often is the same from firm to firm.
Practice

Networking events vs. events to network

I was recently asked a question to determine the difference between actual networking events and events in which to network. Believe it or not, there is a distinct difference between the two.
Practice Management

The necessary act of recovery

Five Star Client Service is a client service methodology. Recovery is the final component in the Five Star process, following: connecting, taking the order, delivering the order, ascertaining satisfaction, and offering dessert.
Practice

Is Gen X facing a mid-life crisis or getting ready to lead?

The arts reflect the culture that the artists are observing, so what do the patterns and kernels of truth in the films, books, etc, of today tell us? What will engage members of Generation X to be the leaders and achievers they need to be?
Technology

Why Google’s local search results is an opportunity for small accounting firms

If you are a small local accounting firm looking to grow your business, you want to be found on Google when someone enters a search into Google for an accountant in your area.
Practice Development

New network focuses on closing gap between old and young accountants

Jason Blumer believes that technological advancements and new workflow strategies have caused a gap between old-school accounting professionals and the younger generation of CPAs. Jason Bramwell reports.
Practice Management

Embracing change in the accounting profession

I hear it all too often from the old guard who are retiring: "I'm worn out," or "I'm too old for all of these techy changes," or "Developing the next set of partners for our firm is just too time consuming."
Practice Development

Filomeno & Co. turning audits into profit centers

Filomeno & Company, a West Hartford, CT-based CPA and business advisory firm, is turning financial audits into profit centers.
Practice Management

Making the most of customer, client, and employee rapport during the holidays

The holidays: a nice, quiet time of year to enjoy with friends and family, while methodically preparing for the upcoming year and a busy tax season.
Practice Development

Making business personal builds trust

One of the most common mistakes people make when building relationships for career success and revenue growth is treating business contacts differently than personal friends.
Practice

New route to allowing unions through card checks?

When Barack Obama ran for president, his message was all about hope and change. But a recent decision by one regulatory agency makes it seem like it may all just be politics as usual in Washington. That decision, by a politically appointed board, seems to represent an end-run around Congress.
A&A

CFOs have mixed feelings regarding social media

More than half of chief financial officers said their greatest social media concern is that employees are wasting time during business hours using such sites as Facebook and Twitter.
Practice Management

How setting goals creates happy workers

Are you working in an organization where managers help employees develop goals to be more productive? Do employees at your workplace believe that company-developed goals help them become more productive?
Practice

The job of marketing has changed

Marketing has never been hands-on the way that sellers were when they made cold calls or went to client sites to make presentations. Sellers worked more with the buyer; marketers worked more with the solution, the brand, and the general demography of possible buyers.
Practice

Economic confidence rises in Q3; CFOs plan to hire

Chief financial officers are slowly but surely easing from the recession, and are finding new opportunities to hire, despite unemployment levels remaining historically high.
Practice Development

How to strengthen the CPA/attorney relationship

There’s nothing better than a warm referral – and most CPAs are always on the hunt for new sources. One great potential lead source that is often overlooked is the attorney who practices in areas that are complementary to your expertise.
Practice Management

Survey: Finance executives would delegate administrative duties first

If financial executives could get one thing off their plates, it would be administrative tasks, according to a recent survey by Robert Half Management Resources.