CPA Firm Success Metrics: Understanding Practice Economics
Ensuring your firm’s profitability is essential in today’s economy, but the professional services business model isn’t that intuitive. Many of us struggle to get our arms around the various “levers” in our practices that influence profitability and success. Attend this session to explore the various elements of practice economics including:
- Understanding various CPA firm success metrics, such as fees per partner, leverage, chargeability, realization, utilization, and more
- Identifying the integration between the various metrics, the risks of statistic manipulation, and the need to focus on the right metrics for your firm
- Discussing ways that you can influence firm profitability in the way you manage your people and engagements
Leave this session with a clearer picture of how you can affect the financial mechanics that drive practice profitability and success!