Finding the right successor is an ongoing challenge for CPA firms. Many owners who see a successor coming from another firm – through merger or another combination – often set the bar so high that it becomes an almost messianic experience.
Yes, there should be high expectations set for strong leadership, planning, and communication skills. Finding perfection and a savior, though, should not be the goals.
For the Summer 2018 issue of Pennsylvania CPA Journal, we put together four realistic high-bar requirements to lead firms to their optimal succession.
Read it at PICPA's website (also attached here as an image).