Episode 8

Succession Planning Must Dos for Accounting Firms

On behalf of the Accounting Influencers Broadcast Network, this is the "Insights in Accounting" show, going live every Tuesday. This show is about filling in the knowledge gaps in your busy lives as accountants and leaders in practice, plus bookkeepers, finance leaders and the software/fintech industry that serves them. It's what you missed and you didn't know you missed, and why it's important.

Episode 8. In today's interview, "Succession Planning Must Dos for Accounting Firms."

Key takeaways from this episode include:

asking whether the accounting firm you run, own, work for or engage is 'highly desirable

what the most successful accountancy firms focus on when it comes to succession planning

the need for 'best in class' accounting practices to focus their service offerings on what they are truly great at

the dangers for accountants and firms in dabbling with different sectors and services lines

why advice for accountants to 'sack bad clients' is poor advice, and what they should do instead

what being selective about clients can do for an accounting firm's succession plan and becoming a better firm to buy

how accounting firm culture has moved from being a luxury to a competitive advantage

what prioritizing your accounting firm's employer brand will do to raise the level of talent wanting to work for you

how pricing services appropriately in accounting firms can impact succession planning

Source:

https://www.accountingtoday.com/opinion/the-four-pillars-of-effortless-succession-planning

by Brannon Poe

◣━━━━━━━━━━━━━━━━━━━━◢

A reminder of 5 great shows in the Accounting Influencers Broadcast Network:

❶ Success in Accounting - MONDAYS. Our flagship main show featuring panels, highlights, combinations, panels, topics, live interviews and best ofs.

❷ Insights in Accounting - TUESDAYS. The best news, analysis, commercial awareness, news under microscope, podcast mentions and recommendations.

❸ Influencers in Accounting - WEDNESDAYS. Deep dive 1-1 interviews with leaders, experts, influencers from around the world.

❹ Best Practice in Accounting - THURSDAYS. Practice development, growth, management, consulting, examples, stories and practical here's what works stuff for accountants, bookkeepers and the fintech/software people who serve them.

❺ UK Matters in Accounting - FRIDAYS. A UK focused show featuring UK related topics, news items, events and interviews.

Find them all on your preferred podcast app, platform or channel. Thanks for subscribing, sharing and listening!

└╌╌╌╌╌╌╌╌╌╌╌╌╌╌╌╌╌┘

Mentioned in this episode:

Dead Show / Youtube

Next Episode All Episodes Previous Episode

About the Podcast

Show artwork for Insights in Accounting
Insights in Accounting
Critical insights, commentary and analysis of key issues, trends, news and events in the accounting and fintech world

Listen for free

About your hosts

Profile picture for Rob Brown

Rob Brown

Rob Brown hosts the multiple accounting podcast and chair conferences, panels and events globally for the accounting and fintech profession. He is co-founder of Accounting Influencers Roundtable (AIR) which helps vendors, experts and influencers serve the accounting and finance world. He is a dynamic speaker and accomplished expert on trust, reputation, employer brand, talent, career development, succession, gen z/generations, employee advocacy and executive presence. Rob is author of the bestselling book Build Your Reputation (Wiley) and his TEDx talk ‘The Personal Brand of You’ has been viewed 400,000 times on YouTube. He is a stroke survivor, has epilepsy, is a committed Christian and has a black belt in kickboxing. He is based in Nottingham UK, home of Robin Hood, plays chess and backgammon, loves orange chocolate and is allergic to grapefruit.
Profile picture for Martin Bissett

Martin Bissett

Martin is the founder of the Bissett Group of companies that provide practice and personal growth communities, content, and continuing education exclusively to the accounting and bookkeeping professions worldwide. Previously he established a high six-figure consulting firm while serving as a keynote speaker with over 100 one-off and repeat engagements to his name, as well as becoming the most published author on his topics of specialism with 11 books including 1 bestseller.

Since 1998, Martin Bissett has played a major part in working with over 1800 accounting firms in over 40 countries. These projects have led to those firms acquiring over £500m of recurring fees before inflationary increases, referrals and upselling are factored in. He stopped keeping track of this number over 5 years ago. Martin now advises a range of accounting practitioners and fintech companies at board level.