Practice Management Consulting

What challenges is your firm facing?

Is your firm set for the future?

Are you able to navigate and adapt to today’s evolving landscape?

We can help you navigate your challenges and opportunities and chart a course for your future growth and success.

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Effective practice management is essential for the success and growth of CPA firms

At Capstone Partners, we understand the unique challenges that accounting professionals face in managing their practices. Our tailored approach to practice management helps firms streamline operations, improve client service, and enhance overall productivity.

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We offer a wide range of services, including:

  • Help devise a strategic plan in alignment with your mission, vision and culture.
  • Growth Strategy Development and Execution: Assisting firms in defining and implementing strategies to achieve sustainable growth.
  • Explore and Navigate your options: The current landscape has presented many opportunities, challenges and options.
  • M&A Advisory (Private Equity, Traditional, and Hybrid Models): Guiding firms through mergers and acquisitions, with a strong focus on finding the right cultural fit.
  • Collaboration and Partnerships: Facilitating connections and collaborations with other firms to leverage collective strengths.
  • Partner Group Presentations: Sharing insights on industry trends, best practices, and growth strategies to help leadership teams make informed decisions.
  • Offshore Workforce Solutions: Referring reliable offshore providers to enhance operational efficiency, reduce costs, scale, and enhance service delivery.
  • Private Equity Insights: Helping firms understand the world of Private Equity and how it can impact their business decisions.
  • Succession Planning: Identify, mentor and train the next generation of leaders to ensure smooth leadership transitions in the future.
  • Partner Dynamics: Practice conflict resolution; mitigate partner disunity, specifically in the current FOMO climate when choosing which path to take.
  • Value-based subscription billing: Shift from billable hours model to build and reinforce stickier client relationships, with pricing based on value, not time.
  • Add value to firms and maximize profitability.
  • Sounding Board and Advisory Role: Offering a candid and experienced perspective on challenges, wins, losses, and growth ideas.

Some of the challenges that CPA Firms are facing in the current landscape:

  • Lack of a clear vision

  • Adapting to the dynamic landscape

  • Talent recruitment and retention

  • Keeping up with technology

  • Succession planning

  • Expanding niche service offerings (incl advisory)

  • Partner “disunity”

  • Culling clients

  • Maximizing profitability

  • Outgrowing infrastructure

  • Access to capital

  • Concern about the infusion of capital that other firms are obtaining via PE

  • Various options to consider, ie remain independent, buy, sell or PE

  • FOMO - Fear of missing out

UNLOCK YOUR POTENTIAL

Capstone is passionate about helping CPA firms optimize their practices and setting them up for future growth and success. Our goal is to equip firms with the tools and strategies needed to thrive in an evolving market landscape.

  • “It is not the strongest of the species that survives, not the most intelligent that survives; it is the one that is most adaptable to change.”
  • - Charles Darwin

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TURN YOUR CHALLENGES INTO OPPORTUNITIES