Securing the Future: Building a Succession Plan for Your Firm - Hardcover

Name: Securing the Future: Building a Succession Plan for Your Firm
Author: William L. Reeb
ISBN: 9780870516108

William L. Reeb

9780870516108: Securing the Future: Building a Succession Plan for Your Firm

Hardcover

ISBN 10: 0870516108 ISBN 13: 9780870516108

Publisher: American Institute of Certified Public Accoun, 2005

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A Management of an Accounting Practice Publication issued by the Private Companies Practice Section Executive Committee
Succession planning continues to be a perennial top-five practice management issue for CPAs in firms of all sizes. Until now, a practitioner was essentially on his or her own to create and execute a succession plan for the firm. This new product has been developed under the guidance of the PCPS Executive Committee and is devoted to demonstrating that succession planning makes money for your firm today.

In developing Securing the Future, Bill Reeb surveyed over 500 CPA firms and conducted in-depth interviews with 30 managing partners representing firms in transition or about to grapple with succession. This intelligence has been distilled into a hands-on, tactical guidebook for CPAs wishing to develop a successful practice transition plan. Its unique content shows you how to best position the firm for succession or transition, advises you on avoiding common pitfalls, and guides you through the development and execution process.

Details in this guide

Structure and Leadership Get guidance on organizational structure options that will increase your firm's value; guidance on identifying and clarifying employee roles and responsibilities; and guidelines for training, developing, compensating and rewarding employees.
Operations and Growth Get successful business development suggestions; ideas for profitable client management.
Succession Strategies Get sample plans for practitioner retirement, or firm succession or merger and acquisition.
Included with this book is a 2-hour DVD containing expert-panel discussions on topics covered in this guide plus checklists, templates, and a test for gauging your readiness for succession. The book and DVD combination make a great tool to facilitate partner retreats or succession planning discussions with partners.

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