Practice Management: Building and Growing your Firm

Online Course on Building
and Growing your Firm

Building and Growing your Firm expands on the themes of the two previous courses of this 8 part series, Planning for your firm and Practice models and networks, and also looks at issues such as developing a growth strategy, coping with increased regulation and competition, marketing, and how to enhance the “culture” of your firm.

This course is part of a series of eight courses based on the IFAC Guide to Practice Management for Small and Medium Sized Practices and has been produced with the permission of IFAC.

Work through the knowledge and application modules to understand the theory and exchange your ideas with your peers. Then complete the final Putting it into Practice module to create an action plan for your practice.

Practice Management: Building and Growing your Firm
enables the learner to

• Develop effective growth plans
• Put those plans in to action
• Create realistic financial plans
• Develop the right culture at their firm

Rating:	100% of learners thought this course met their CPD needs
Reviews:
“Provides a sound basis for the theory underlying practice management.”
“Raises some useful points. The sample partnership agreement and checklist approach is good.”
“I like the way it was specifically targeted at accounting firms. Many courses on business planning is very generic.”
“It gave a general overview of all aspect in practice development.”
You can review this course using the questionnaire in the course completion area.

Learning outcomes of Practice Management:
Building and Growing your Firm

Developing a business plan
• A simple business plan analysis
• How do people negotiate?
• SWOT analysis
• The organization chart

Developing strategies
• Assessing growth requirements
• Developing a growth strategy
• Strategies for coping with increased regulation
• Building a brand
• Marketing and promotion

Implementing your plans
• The importance of implementation
• How to implement your plan

Financial management
• The capacity budget
• The financial budget
• The cash flow forecast
• Taking it forwards

Target audience for Practice Management:
Practice Models and Networks

This course is suitable for all accounting professionals looking to start or improve their practice.