Wednesday, January 6th, 2021

Six Things You Need to Do When You Become a Partner

“Talent wins games, but teamwork and intelligence win championships.”  – Michael Jordan

I have heard Sam Allred, Founder of Upstream Academy, speak numerous times during my many years working in public accounting and it has always been inspiring.

At a CPAFMA conference several years ago, Allred shared his Six Things Leaders Need to Do. I heard this presentation back in 2009 and the six things still apply today (and maybe even more so).

When you become a partner:

Give up The Right to Remain Silent – when you become a partner, you must speak up at THE meeting (the partner meeting) – not nod your head and then go door-to-door after the meeting talking to the other partners. Not speaking up, in the proper forum, creates artificial harmony.

Keep an Open Mind – I relate this one to “seek first to understand and then be understood.”

You Give Up The Right to Make All Decisions – Sole-practitioners have this right. When you make the decision to be part of A FIRM, you give up that right.

Learn to Make the Proper Commitment – Saying/thinking, “I will stay out of the way” is not making a commitment. It’s a case of “grudging compliance” vs. “spirited commitment.”

Willingness to Get Outside Your Comfort Zone – You cannot stand still. Becoming a partner doesn’t mean you “made it” and now you can coast.

You Become A Leader for Change, Not an Anchor – You are helping row the boat, not sitting in the back, and throwing out anchors when something doesn’t go your way.

  • "None of us is as smart as all of us."
  • Ken Blanchard

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