For many CPA firms, facing the âzero hourâ â the retirement or loss of a strong founding leader without a clear, strategic plan for succession is a frightening, daunting reality. Devoting time and resources to developing strong partners is not often a priority, leaving firms dealing with consequences as serious as a generation unprepared to take the reigns from the current leadership, leading to mergers and acquisitions, and sometimes the end of an era.
âThe hour is upon us,â says Jeffrey S. Pawlow, CEO and President of The Growth Partnership, Inc. âIncreased M & A activity and a higher demand for partner development training all point to a problem that is no longer on the horizon, but knocking at the door.â
The zero hour crisis can be averted.
The Growth Partnership has created content, processes, and tools designed specifically for the CPA and partnered with Franklin Coveyâ¢ Co. (NYSE:FC), the world's leading provider of effectiveness training, developing the accounting industry's premiere partner development program. The Partner Institute, adheres to an empowered learning model that meets the unique needs of the adult learner and ensures real-world application of the knowledge and skills learned over the course of the program.
The Partner Institute is a three-year, multidisciplinary program designed to develop the leadership, practice development, and practice management capabilities of its attendees. Whether a partner or partner-to-be, The Partner Institute assists participants in developing the needed skills and attributes for successful firm leadership. The program focuses on five areas:
- Practice Development
- CPA Firm Management
âWe recognize that implementation, tracking and accountability are important. A cornerstone of The Partner Institute, therefore, is our technology backbone -- a proprietary, online tool designed to provide access to up-to-the-minute reports so participants, department heads, sponsors or managing partners are never âin the dark' about a participant's progress in the program,â explains Pawlow.
âThe Partner Institute provides the solution to the increasing problem facing accounting firms today,â says Allan D. Koltin, CPA, PDI Global, Inc., president and CEO, and the charter member of The Partner Institute's advisory board. âThe program comprehensively provides the skills and training using FranklinCovey and the best methods available to develop outstanding leaders for the CPA community of the future.â