glass ceiling
Anyone attempting to grow their accounting firm larger knows that you can run into barriers to growth. These barriers are often invisible, and it's hard to identify what the cause of the barrier is, or what the solution is to remove them.
Here are signs that you have hit a glass ceiling in your firm:
- You feel overwhelmed by your workload. No matter how many tasks you complete, you still have more to do.
- You can't gain traction on new ideas. You have a lot of ideas, but not enough manpower to get them done.
- Your revenue and profit stay the same. You seem to spin your wheels on business development and can't seem to achieve new levels of profitability.
- Your services are not high level enough to produce larger amounts of profit.
- Your team doesn't seem to help your workload. All of the new work and projects seem to fall onto your plate.
The glass ceiling is a firm growth issue. That is, if you feel like you are hitting an invisible glass ceiling, then you are more than likely desiring growth in your firm at some level. Hitting glass ceilings comes from trying to scale a firm larger. If you don't want to grow or do want to build a lifestyle firm, or you are just doing work on the side, then it's likely you won't hit the glass ceiling.
Read the "Firm of the Future" blog HERE.