CPA Trendlines Podcasts Gary Shamis: Strategy Is Easy. Execution Is Key | Gear Up for Growth
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Nov 29, 2024 Gary Shamis, President & CEO of Winding River Consulting, brings over 30 years of experience in firm management. He emphasizes that while strategy is easy, execution is what truly differentiates successful firms. Shamis discusses the challenges small CPA firms face in scaling operations and the importance of evolving management practices. He also highlights the need for leadership development through boot camps to cultivate essential skills. Additionally, he shares insights on personal growth and spontaneity, hinting at upcoming family adventures and entrepreneurial pursuits.
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Prioritize Execution
- Prioritize executing your strategic plan, it's the key differentiator between firms.
- Set aside dedicated time for execution, even if it means reducing billable hours.
Partnership Limitations
- Firms that operate as partnerships struggle to grow beyond a certain point.
- To reach the next level, adopt a more corporate structure and governance.
Disenfranchise Partners
- Disenfranchise partners by limiting their focus to three key areas: business development, client care, and people growth.
- This shift can be challenging but is necessary for larger firms to scale effectively.