PRA2401. Transforming Your Business Model: The Why and How

As the landscape of the accounting profession changes and the manner in which accounting firms have traditionally conducted business evolves, firms are challenging how they operate on both a day-to-day basis and in planning for the future. To help position firms for success, Private Companies Practice Section (PCPS) is developing tools designed to help firms not only identify elements of their current business model that may be holding them back but also offering solutions to help them adapt to this changing environment. Our focus includes topics such as: the importance of strategy and vision, compensation for staff and partners, types of services provided and how to bill for them, ideal client make-up, how firms are structured and make decisions, how career paths can be developed for all team members that provide a sense of belonging and purpose, and how to truly offer flexibility to integrate work and life. Learn the areas within your firm that you can address to develop or improve culture to attract, retain and develop talent to position your firm for continued success.

Learning Objectives:

• Identify areas in the firm’s business model that are hindering change or success and solutions to help the firm adapt to the evolving profession.
• Determine strategies to cultivate positive organizational culture, fostering belonging and implementing flexibility to attract and retain talent.