Ch. 6 - Developing New Leaders

This chapter focuses on internal succession. Internal succession essentially involves selling your ownership interest to other parties, either existing owners or future potential owners, within the firm. Over the years, most accountants have assumed that they would work in a practice, become an owner, complete their professional career as an owner and then retire by selling their ownership interests to the other people in the practice. While that has always been a reasonable assumption for many practitioners, the reality of this scenario has not always matched up to that vision. Why not?

Learning Content
  • What is Your Firm’s Readiness for Internal Succession?
  • Avoiding Organizational Deficiency
  • Development of Prospective Owners
  • Development of Your Current Owners
  • Finding Talent Beyond New Hires
  • Using Mergers/Acquisitions as Development Tool

Learning

Developing New Leaders

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Tools

Five Key Things to Look for in Emerging Leaders

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How to Speed the Path to Partner

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How Well Do You Know Your Future Partners?

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Shareholder in Training Program Checklist

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Training and Development Checklist

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