Monday, November 20th, 2017

Who Is The Leader?

“It’s hard to lead a cavalry charge if you think you look funny on a horse.” – Adlai E. Stevenson

Accountants often struggle with making decisions. When they can’t make a decision, then that is a decision.

We’ve made a decision to make no decision. That will sure impress your team.

Some firms are managed by a group of partners. They decline to officially name any one partner as their managing partner, CEO or president. I hear comments like, “Joe is the president of the firm but Bob helps and so does Sue.” “We’ve been together since college so we trust each other and don’t need to have an official managing partner.”

We’ve made a decision not to have any one person in-charge, so we have no leader. That will sure impress your team!

I was talking to a client recently, the managing partner of a smaller firm in talks with a larger firm. Merging up is the succession plan for his efficiently and profitably managed firm. The smaller firm CPA explained to me that he had talked with a group of three partners from the larger (not a huge firm) several different times. His comment, “I don’t sense any real leadership. I’m not sure any one is actually in-charge of firm management.”

Do your team members (and clients) wonder who is actually in charge? Do they wonder how decisions are made? Do they get a sense that there is no one who is a strong leader, no one being held accountable?

Don’t shy away from naming and empowering a talented managing partner for your firm. If the best candidate isn’t quite ready, be sure to invest in their education and training. If they are qualified and ready, also invest in their education and training.

Here’s one great source for leadership training, Transformational Leadership Program from Convergence Coaching.

  • "The mediocre teacher tells. The good teacher explains. The superior teacher demonstrates. The great teacher inspires."
  • William Arthur Ward

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