Thursday, May 6th, 2021

Contradictions

“The contradictions are what make human behavior so maddening and yet so fascinating, all at the same time.” – Joan D. Vinge

As you successfully manage your public accounting firm, you will encounter many contradictions. Here are a few I have observed:

  • You have to be more flexible.
  • You have to have more structure.
  • You must be able to talk in a way that is inspiring and motivating.
  • Don’t do all the talking, it’s important to be a good listener.
  • You must inspire young people to stay with the firm.
  • You should draw upon the experience of older accountants and not rush them out the door.
  • You have to provide quick turnaround for your clients.
  • You should take your time, you can’t risk making mistakes.
  • You want the team to achieve lots of billable hours.
  • You want the team to achieve great realization.
  • You want young people to be able to take on more challenging work.
  • You allow managers to cling to the most challenging work.
  • You expect the entire team to follow all the policies and procedures.
  • You, a leader, don’t set a good example by adhering to firm policies and procedures.

What I usually observe is that a great number of firms make it all too complicated. They spin their wheels, procrastinate, micro-manage, involve too many people in trivial decisions and make important decisions too slowly. They want the firm to grow and prosper by doing the same old things they have always done.

Make some changes now… before too much of 2021 passes by. Take some risk. It can be fun and exciting (and profitable).

  • "I'd like to live as a poor man with lots of money."
  • Pablo Picasso

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