As an accounting leader, it is important to invest in your people. This means providing training and development opportunities that will help them grow and improve their skills.
Many businesses struggle with this, but it is a crucial part of running a successful accounting practice. By investing in your people, you are ensuring that they are able to do their jobs effectively and contribute to the success of your business.
One way to invest in your people is to provide training and development opportunities. This can be done through formal education, such as courses or workshops, or through informal methods, such as on-the-job training.
It is important to offer both types of opportunity, as they each have their own advantages. Formal education provides a structured learning environment, while on-the-job training allows employees to learn in a more hands-on way.
Another way to invest in your people is to offer incentives.
We run them in teams of around 5 people with the leader called a Senior Client Manager and each team is measured on their Profits and if we achieve an EBITDA above 25% than we share the amount above 25% with them
We have found that Client managers go from an “employee attitude” to an “employer attitude” when you align and motivate them by their team’s bottom line and not simply to come to work to complete a tax return.
P.S. Whenever you’re ready, here are 4 ways we can help you grow your Accounting practice:
1. Download a free copy of our book – The Accountants 20 Hour Workweek
In this free book, we highlight the No.1 strategy that’s had the biggest impact on building our own practice to run without the owners – Click here
2. Join our free Wize Accountants Mastermind group
It’s our new free online community to share daily insights, tips and free tools to grow your practice — Click Here
3. Save $’000s in your practice every month with this new program
We’ve just released a new practice acceleration program which will help you save money and time every month whilst taking your practice to a new level of growth. See if you qualify – Click here
4. Build your firm to run without you
We have the step-by-step plan to grow a seven figure profit practice that can run without the owner. Would you like it? – Click here