Practice Management

A&A

Seven ways to avoid becoming a bad boss

By Bruce L. Katcher, Ph.D. President, Discovery Surveys, Inc.Most employees experience a bad boss at least once in their career. Many feel they have never really had a good boss. Insensitivity, failure to communicate, and a lack of fairness are the hallmarks of poor supervision.Why is it that good supervisors are hard to find?Supervising is Not Easy Handling the complex issues of motivating employees and solving job and people-related problems is very difficult. Few are capable of handling these responsibilities well.
Practice Management

Giving your business clients things they need

By Brian Hamilton, CEO, ProfitCentsWhen you go out to dinner, you are usually hungry. When you buy water, you are thirsty. When you buy a winter jacket, you want to stay warm. In these individual cases, the value exchange between buyer and seller is clear and there is a definite need and solution set. In accounting, it’s less certain that we are giving clients what they need. Sometimes, we don’t know what they need, which is born of the fact that we either don’t ask them or they don’t tell us.
Practice

CPAs can make sure nonprofit leaders are leading

Many CPAs are active in their communities. Many of those happen to volunteer their precious time to nonprofit organizations. You may be a CPA in a top position, or you may be a loyal foot soldier for a cause. Either way, evaluating the not-for-profit organization's leaders - or adopting key leadership traits - could be critical to the success of the organization in which you believe and invest so much time.The leadership capacity of a nonprofit or exempt organization is extremely important.
Practice Management

Mandatory partner retirement and succession planning is a hot issue

Source: INSIDE Public Accounting (IPA) As firms struggle with the balance of retaining quality employees, tapping into the talent of the partner group, and ensuring that opportunities are available for younger staff to move up in the ranks, the question of partner retirement - when, how and whether it should be mandatory - becomes increasingly important. The concept of mandatory partner retirement can be a touchy subject throughout the profession.
Practice

Growing the ranks of female leaders

Source: INSIDE Public Accounting (IPA) Women are rushing into public accounting, but too few are making it to the top levels of leadership. While more than half of the college graduates in accounting and new employees in CPA positions are female, the proportion of women partners and senior executives is between 11% and 19%, according to the AICPA's Work/Life and Women's Initiatives Executive Committee.Retaining experienced talent is a given for all firms these days, so a strong business case can be made for firms to develop more women leaders.
Practice Management

Multitasking not all it's cracked up to be

Recent scientific studies reveal the hidden costs of multitasking, key findings as technology increasingly tempts people to do more than one thing (and increasingly, more than one complicated thing) at a time.
Practice

Go home! 10 tips for keeping the workplace healthy during flu season

With a persistent new strain of flu affecting workers nationwide, employers may need to be more assertive to help keep the workplace healthy at the height of flu season, according to CCH, a leading provider of human resources and employment law information and services and a part of Wolters Kluwer Law & Business.Based on a CCH Survey, about half of employers (54 percent) send workers back home if they show up for work sick.
Practice Management

Political talk at work is a potential minefield

While discussions at work about the presidential election may seem inevitable, human resources experts warn supervisors that discussing political preferences can kill the bottom line.A survey last year by Harris Interactive showed that about one-fourth of all employees say their top managers make it clear to their subordinates which political candidates they prefer.
Practice Management

New strategy for building online communities

By Lynn Sheehan Building online communities for stakeholders including employees, staff, customers, and partners to increase communication, collaboration, and learning is a crucial strategic program to attract and retain the next generation of employees. Generally, it takes a catalyst to push stakeholders to interact online—especially the over-30 crowd.
Practice Management

Far from remote: The risks of mobile working

As many as 81 percent of hiring managers have policies in place that allow employees to work remotely, according to a study performed by Yoh, a talent and outsourcing services provider. And the results of a study released by study released by Cisco and Insight Express, an independent surveyor, which polled 1,000 remote workers in 10 countries, found that teleworkers frequently hijack neighbors' wireless networks, share computers with non-employees, and open e-mail from unknown sources.
Practice

In the real world, debits don’t equal credits, by Ronald J. Baker

A lot of rules have been added since the Venetian monk Luca Pacioli published the first accounting textbook in 1494, introducing double-entry bookkeeping. Unfortunately, one could also make the argument that it was the last revolutionary idea to come from the accounting profession. The balance sheet dates from 1868; the income statement from before World War II. Generally Accepted Accounting Principles (GAAP) fits an industrial enterprise, not an intellectual one. Currently, GAAP measures the cost of everything, and knows the value of nothing.
Practice Management

Beware of the germs hiding on your desk!

Over the next few months most accountants will eat at their desks several times a week, or even as much as twice a day with little thought to the health hazards that may be hiding on the desk itself. Bacteria from earlier meals may have settled, and are just waiting to attack your hands or your lunch. If you left your briefcase on the floor during a train commute, or if another worker just left some papers on your desk, more germs could have been transferred to your desk.
Practice Management

Survey says... Using survey results to improve your business

Can you name the top two key factors to an accounting firm's success? If you said Employee Satisfaction and Client Satisfaction, then you are exactly right.
Practice Management

Useful Resources for Business Development: Part 5: Hiring an Ad Agency

Are your Firm brochures a little stale? Does the Web site still look and read exactly as it did this time last year? Has the leadership team grown, service offering list changed, or client base expanded into a new niche? If you answered "yes" to any of these questions, it is time to engage the help of an advertising agency to update your marketing and advertising campaigns. How do you find the agency that is right for your firm? If you have more than three partners, establish a marketing committee to spearhead the agency search process.
Practice Management

Knowledge workers are volunteers, by Ronald J. Baker

Brains trump brawn. According to The New York Times, Merv Griffin has made "close to $70 million to $80 million" in royalties from the "Jeopardy!" theme song, which he wrote in less than a minute. One of Japan's largest export industries, reaching an astounding $80 billion in 2004, is animation. Not even two years old, with no profits, YouTube was purchased by Google for $1.65 billion. Disney's Snow White video release generated $800 million in revenue, $500 million to the bottom line, from a movie made in the 1930s.
Practice

Thinking about a home office?

by Linda L. Heineman, CPA I must confess, I love my home office. Over the years I have continued to fine-tune how my office works so I can stay home as long as possible.There are some great benefits to a home office. First, it's economical - no rent, no landlord. And, living in a traffic-clogged city like Los Angeles, it's wonderful not having to face a daily commute. You can work whenever you want. That flexibility is another reason why having a home office is so attractive.
Practice Management

Business Development: Resources to Use, Part 4: Hiring a Telemarketing Firm

For most accountants and CPAs, selling is often not a favorite part of the job. In order to develop and maintain a solid book of business, however, selling is a must whether you are a sole practioner, seasoned partner in a large firm, or a new associate.
A&A

Use online press releases to get prospects

Online press releases offer the ability to speak directly to a large audience that includes your best prospects and the media. The days of solely reaching the media alone via press release are over - press releases now have an extensive reach worldwide. Our featured guest in this episode of Small Business Trends Radio is Joe Beaulaurier, Interactive Marketing Manager, PRWeb. Joe discusses the benefits of using press releases to reach your best prospects. For instance, did you know that:Bloggers are - the new media.
Practice Management

Leverage up the value ladder

By Troy Waugh
Practice Management

Useful Resources for Business Development: Part 3: Effective Events

It is a classic debate in CPA firms. Are events worth it? Are they an investment or just an expense? Consider the debate settled: They are an investment and they work as a business development and retention tool. Accept it. Now that you've accepted that events work, truly embrace the idea and approach creating an event strategically and purposefully to serve your firm's business development needs. First, set goals for your event.

Pages


Already a member? log in here.