Ed Mendlowitz

Perhaps the most important staffing decision is to know when to hire your first employee. I believe this decision needs to be guided by your goals.

I do not believe the problem is how to manage the millennials; rather it is the myopic firm managers who need better management techniques.

Partners will rise to the task when faced with no alternative.

I have long advocated hiring entry-level people rather than those with two or three years’ experience.

I have always tried to run my practice as the business that it was. As such, I used certain numbers or metrics to evaluate how I was doing. I did this when I started out and every step along the way as my practice grew.

As a follow-up to last week’s column on determining what to charge, this column will explain a way to determine your hourly rate should you decide to bill using that method.

Almost every job has a value to the client. Try to uncover this and price the job, considering that value.

Most three-year people with a Big Four firm are disgusted with public accounting because of the way they have been treated with overly long hours, repetitive work on large clients in esoteric areas, narrow industry exposure, and being pigeon-holed in a single technical area.

Small firm accountants do it all, not just the wide variety of services.

Many people like the long Memorial Day weekend, especially as the days get warmer and longer, but please do not lose sight of the purpose of this day.