Leadership transitions in accounting practices happen for many reasons, including retirements, resignations, deaths, buyouts or simply having a new partner leading the practice, yet owners often put off planning for these types of changes.
The time for transition will come, though. When it does, you’ll want to hand over the reins smoothly. Setting the stage early and being transparent with staff members can help ease the transition.
Talking about the transition well before it’s likely to occur can help alleviate the fears of new leadership change. Consider these tips to help with your transition planning.