Introduction to the Eat What You Kill MODEL Vs. the Building a Village Model. Bill Reeb, CPA, CITP Dom Cingoranelli, CPA, CMC Succession Institute, LLC. Learning Objectives. Recognize differences between the Eat What You Kill and Building a Village business models at CPA/CA firms.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Introduction to the Eat What YouKill MODEL Vs.the Building a Village Model
Bill Reeb, CPA, CITP
Dom Cingoranelli, CPA, CMC
Succession Institute, LLC
CPA Firm Modes of Operation SM
From Survival to Continuation Modes
Eat What You Kill
A TYPICAL PROGRESSION FROM “EWYK” to “BAV”
Eat What You Kill
Building A Village
Make Sure Your Governance Model Supports the Change You Need to Make
Who Decides What and How Do They Decide?
(Who Is in Control?)
Issues and Obstacles
Partner Roles and Responsibilities
What Should Partners Really Be Doing?
Common SOPs DrivingChange
Standard Operating Procedures
Critical Success Factors
Common SOPs Driving Change
The Stronger the Individual usuallythe Weaker the Organization
If the Only Person you can develop is Yourself, You are of Limited Value to an Organization
Taking Care Of Your People
Steps Normally Taken
To Get From Here To There:
Moving from EWYK to BAV
You Typically Have to Address Retirement If You Want the Power-Brokers to be Willing to Change
Create The Security Needed to Embrace Change
Because if you do away with the importance of generated book, which often drives the current retirement benefit calculation as well as heavily impacting compensation, it will never get the votes to pass without putting in some protections for the effort/work that has already occurred under the current system
Equity Reallocation is Often a Requirement to Move Forward
Who Should Own What Share of Your Equity?
Cingoranelliand ReebA Small CPA Firmin Texas
A Case Study
Current Partner Information
Current Equity Ownership Status
Pro rata Distribution when Cingoranelli Retires
Pro rata Distribution after Reeb Retires