PRACTICE PERFORMANCE

Creating Financial & Operational Advantages

Client accounting firms across Pennsylvania, southern New Jersey, Delaware, Maryland, and Virginia turn to Optimum Strategies for expertise in several specialty areas.

Practice Effectiveness & Profitability

Strategic planning, prioritization, and implementation
Leading indicators and metrics
Departmental engineering, restructuring, and optimizing
Compensation systems
Staff and leadership retreats
Managing Partner and firm leadership coaching and development plans
Service and process efficiency and performance

Ownership & Succession Planning

Structuring ownership financial terms
Developing the ownership profile
Defining Partner level performance expectations
Customizing the pathways for internal succession
Modeling compensation plans to reward progress and ownership
Updating and proposing necessary partnership/ownership agreement provisions
Mentoring for the management mindset
Setting goals and workable accountability

Other Areas of Expertise

Projects We Perform

Performance Optimization Study

A confidential, customized action plan to take inventory of your practice and provide an objective analysis of the firm's key performance indicators (KPIs), standing in the marketplace, and recommended actions to generate performance progress and create strategic advantages.

Practice Diagnostic Project

Designed to evaluate the profitability, operational performance, strategic direction, and management of a CPA firm, a Practice Diagnostic Project typically includes one-on-one conferences with the owners, administrative leaders, and senior staff; study of KPIs; review of client protocols and grading; review of marketing and sales materials; analysis of billing and collection policies; and a review of the compensation model and job descriptions.

Pathway to Ownership Planning

An interactive discovery and discussion experience facilitated through an immersive candidate retreat to support the promotion and advancement of appropriate candidates. Includes a customized action plan.

Strategic Advancement Plan/Retreats

Focus on the firm's vision and business priorities, build team consensus around a path forward, work through challenges and create opportunities for the future. We facilitate the process with targeted information-gathering and analysis, team-building retreats, and an action plan with timelines and recommendations customized for each firm.

Visit our blog for the latest news, insights, videos, podcasts, webinars and more.
Sign up for our Newsletters below.

Build your practice's potential.

Find out how Optimum Strategies can put your firm on the best path to success.