Practice Tip: How good are your people?
When all is said and done an accountancy practice is as good as the people who work in it. That's why they're the first thing you have to SWOT when planning for a firm.
Be realistic. You need to assess your people in two areas:
1) technical ability
2) soft skills.
You'd be wise to start with the technical appraisal.
Continued...
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we've done this already..
we profiled everyone in our office and now we know why people don't always listen (they are dominant types who don't think you have any valid input) etc.
We took it one step further and profiled our clients. Now we don't push the "in your face" tax planning to the ultra conservatives (we push fee insurance instead).
It definitely works!