Technology Expectations This article discusses the importance of adopting the latest technology and software and how to minimize the value gap. Most accountants have struggled to keep up with this new wave of technology and a growing value gap is arising in firms of all sizes. This value gap represents all the lost opportunities by not having the right technology solutions in place. These lost opportunities include a loss of revenue, the inability to attract new clients, realization struggles, and difficulties in hiring and retaining staff. Has your firm utilized technology to its fullest capacity to provide the highest quality…
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With Generation Z coming into the workforce, employers will need to create development programs that cater to the needs of this demographic group. These programs may involve self-directed learning and a focus on soft skills. To read the full article in Chief Learning Officer, click: Designing Development Programs that Work for Gen Z.
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2016 Saw Record Number of Small Businesses Sold The 7,842 closed deals in 2016 were a record high for business sales, according to BizBuySell. Gene Marks, Marks Group owner, explains that the factors driving the trend were strong business performance, low interest rates, and owners’ desire to retire. To read the full article in The Washington Post, click: A Record Number of Small Business Owners are Selling Their Companies.
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Start Your Succession Plan Decades in Advance Engaging in a decades-long succession-planning process can ensure that clients are taken care of and a practice continues to thrive after its founder retires. Recruiting young advisers can bring new ideas to your practice and help keep it going. Mike Lockwood, representative of Lincoln Financial Advisors Corp., explains. To read the full article in Wealth & Management, click: Succession Planning is Not About You. It’s About Your Clients.
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And What You Can Do About It How are prospects discovering professional service organizations? While referrals are important, the evidence suggests that more and more prospects are using other channels to retain professional services.
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The workplace is exciting and ever-changing. Think about the evolution from your parent’s jobs to yours. Landon Dowdy, Reporter for CNBC, examines how the next generation will transform it once again. Find out more on the CNBC article, click: How millennials will reshape the workplace.