Ed Mendlowitz

Sometimes things need to be freshened up, renamed or dressed a little differently. That is what is happening somewhat in accounting.

Some recent virtual retreats for sole practitioners and for two- and three-partner firms yielded insights into how to improve practice management.

Ed Mendlowitz marks 400 consecutive weeks of practice management columns.

Dropping clients is reducing cash inflow without an offsetting reduction in costs.

Our currency is what we know, along with our ability to use it to help our clients.

Some people might have ulterior or selfish reasons for doing something, but that doesn’t negate what you can learn from them.

There are many qualities that make a partner and many times it is not one big thing but many small things.

Coaching and mentoring are less immediately results-oriented and more for fine-tuning, so you can be in a more pleasant place at your current stage of life while preparing for the next stage.

Staff should have well-rounded experience for their first three or four years and then should look for an area to specialize in.

Most small firm owners who are considering retirement are not familiar with how selling a practice works and how to get started.