Strategic business plans

Every accounting practice needs to have a comprehensive strategic business plan consisting of a financial plan, a marketing plan, a human resource plan and a technology plan. This is the foundation on which a firm can develop its strategies to counter attacks on its client base, to develop responses to the changing world of public practice and to identify and seize opportunities on a timely basis.

Strategic planning services include the following:

• Assessment of existing strategic plans including “do nothing – document nothing” plans.

• A formal diagnostic review of the accounting practice as it presently operates.

• Directed individual partner and senior professional staff self assessments.

• Structured planning sessions.

• The development of a formal comprehensive strategic business plan created so as to be responsive to changing circumstances.

Sample issues:

• Firms that are over or under partnered.

• Conflicting practice management styles that are proving to be disruptive to the attainment of otherwise agreed upon goals.

• Dealing with differing individual goals and objectives.

• Differences regarding the vision of the firm’s future service mix.