Have you considered hiring a support staff to help better manage your workload? Before you do, it’s important that you first determine whether or not your practice can sustain an additional employee and second, make preparations to hire the right applicant.
Generally an accounting practice begins with just the accountant who can do the majority of the work alone. However, as the practice begins to grow you may consider hiring support staff that will enable you to complete more billable hours while the employees perform the more menial tasks. Whether you choose to hire one additional employee or several, how do you know when your business is ready? And then, how do you prepare to hire the right applicant? Here’s a worksheet that might help:
Before you begin hiring a support staff, it’s important to ensure that you’ve developed a staffing strategy that will help your business work most efficiently. While many businesses don’t have an official document detailing their staffing strategy, you may want to at least ponder various components of such a plan that would enable you to make staffing decisions that better align with your business objectives.
In order to become more familiar with prospective clients and their pressing needs, you must perform market research. Not only will it inform your marketing efforts, your service offerings, and your search for the right demographic, it will also give you a competitive advantage.
You’ve heard this all before, and on more than one occasion we’ve probably been the ones to say it. Proactive accountants provide crucial financial data to their clients which enables them to make more profitable business decisions. Those who think accountants merely crunch numbers in order to provide business owners with financial reports, have no idea how a proactive accountant, what we like to call a Profit Expert, can transform a business for the better.
