Wednesday, March 24th, 2021

Stay Afloat

“Sometimes getting smaller and faster can lead to opportunities and growth we would have missed by being too big and slow.” – Joey Havens, CPA

I always enjoy reading Joey Havens’ articles and posts. His recent article via the Journal of Accountancy, in my opinion, hits the nail on the head. It is titled, Don’t Let Dead Weight Sink Your Ship.

What is going on inside your firm that slows the firm down? What keeps you from being one of the fastest-growing firms? What causes you to lose talented people? What causes you to lose clients to your competitors?

I sometimes talk about partners in a boat. Some are rowing and some are throwing out anchors. A few partners are pulling a heavy wagon up a hill and there are a few who are constantly dragging their feet. These partners are so-called leaders who are not leading. Slowly your boat is sinking.

Then there are the clients who complain about your fees, always pay slowly after much effort is spent trying to collect, and clients who are rude and disrespectful to your team members. I bet you have clients that make you cringe when you see, on your mobile, that they are calling you. You probably do not answer their first call. Slowly, those clients are sinking your boat.

Do you have partners/managers who are not teaching, mentoring, coaching, and motivating? In fact, they are actually driving top talent away. Slowly, your boat is sinking.

Read Havens’ post!

  • "Once you know the right thing, do you have the discipline to do the right thing and, equally important, to stop doing the wrong things?"
  • Jim Collins

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