Succession planning is the “perfect storm” of CPA firm practice management, brought about by the simultaneous impact of aging baby boomer partners, a shortage of staff with partner potential and firm management’s tendency to perpetually relegate succession planning to the back burner.
Many firms believe that succession planning starts and stops with leadership development.
Make no mistake about it – leadership development is the most important part of a succession plan. But there are many other critical areas that must be addressed. This monograph provides readerswith a roadmap for creating and implementing a succession plan.
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