We Need to Find a Way Past Generational Expectations to Aid Succession

By Michelle Knights | January 27, 2017

We Need to Find a Way Past Generational Expectations to Aid Succession For almost as long as I can remember now, many professional firms throughout Australia, and probably the world, have utilised two primary reasons why their firms have no internal options for succession. 1. The staff have not expressed any interest in becoming equity…

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Outsourcing and its impact on future recruitment

Outsourcing & Lower Graduate Intakes May Hit Your Future Staffing Structure Hard

By Michelle Knights | January 27, 2017

Outsourcing & Lower Graduate Intakes May Hit Your Future Staffing Structure Hard There are a couple of different factors in play when we think about outsourcing. The reduced number of graduates being employed, the impact or potential impact of SBR on the profession, as well as the general commoditisation of compliance services and the impact…

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Planning a second office

Buying & Operating Secondary Offices has Some Challenges

By Michelle Knights | January 27, 2017

Buying & Operating Secondary Offices has Some Challenges As more and more practices seek to achieve growth through acquisition, an increasing number seem to be considering the purchase of secondary offices located, at times, in significantly different geographic areas that vary from their original location. This can be in a completely different area or even…

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Succession planning Rob Knights and Co

If Only I Could ….

By Michelle Knights | December 20, 2016

If Only I Could …. Throughout each year we meet with numerous practitioners who are weighing up whether now is the right time to depart their practice. For many that means an external practice sale. This is often a combination of evaluating likely price and proposed activities post sale, versus what could or would be…

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Cultural divisions in the workplace Rob Knights and Co

Is there a Great Divide in Your Firm’s Culture?

By Michelle Knights | December 20, 2016

Is there a Great Divide in Your Firm’s Culture? In December last year I attended a conference in San Diego on succession planning. The week long program was most interesting and beneficial, again reinforcing the significant need for this type of planning and preparation. This will be a further area of development in our firm…

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Rob Knights & Co December typical fees and Salaries Survey bundle

Highlights from our Latest Charge Rates, Salaries & Benchmarking Survey

By Michelle Knights | December 20, 2016

Highlights from our Latest Charge Rates, Salaries & Benchmarking Survey The latest edition of the survey was released early last month and remains open to both participating and non-participating firms until May. Part B, a detailed analysis of the top 19 expenses incurred by firms after staff salaries, will be released at the end of…

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Plan your succession live a life that matters

Being Grounded In Your Succession

By Michelle Knights | November 29, 2016

Being Grounded In Your Succession Last December I flew to San Deigo to renew my qualifications as a Certified Exit Planning Advisor or CEPA. As part of the preparation for the course, I had a couple of specialist books to read, one of which quoted the poem by Michael Josephson called ‘What Will Matter’. The…

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Secure a confirmed practice sale with Rob Knights & Co

Securing a Successful Transaction is so much more than Simply Finding a Buyer

By Michelle Knights | November 29, 2016

Securing a Successful Transaction is so much more than Simply Finding a Buyer With most practice transactions taking place off market and without the services of a practice broker, we are bound to find some parties who felt the transaction was a success, whilst others will no doubt have wished the outcome was better. The…

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Successful succession planning with Rob Knights & Co

Why Planning for Your Platinum Years or Third Act is a Must

By Michelle Knights | November 29, 2016

Why Planning for Your Platinum Years or Third Act is a Must We are often asked why the baby boomers have yet to depart their firms. In the professional services industries, there has been much anticipation since the late 1990’s for this time to arrive, and that time is well and truly with us now.…

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