The 1st Global Consultative Approach
Partners and shareholders of CPA firms are very concerned about how to generate sustainable and profitable growth. The double-digit growth seen during the Golden Age of the CPA profession is a distant memory for most firms. For the past several years, the national aggregate growth of the CPA profession has averaged only a meager 2 percent annually.
By all measures, the CPA profession is a mature industry, not a growth industry. Mature industries are characterized by slow growth, fierce price competition, diminishing client loyalty, easy price comparison by existing and prospective clients, rapid commoditization and decline of perceived value. On top of that, mature industries have fewer participants due to aggressive mergers and acquisitions among the large institutions.
If your firm is assessing how to create sustainable growth 1st Global Consulting will show you the way.