5 Reasons Joining a Practice Development Group will Improve your Firm

A friend of mine ran a global consulting practice for a Big 4 firm in the 1990s. Eventually his firm spun off the consulting group and went public. After the IPO, he left to start his firm.

When he was with the larger firm in the 1990s, he frequently lost consultants who were finding work for more money. When he surveyed the independent consultants, he found most were leaving for lifestyle reasons.  They loved the autonomy and freedom to choose their projects and they liked having the ability to control their travel situations.  It was the dislikes that he found interesting.  Some of those issues were:

  • Isolation and loneliness
  • No career development
  • No role in a larger venture

The feelings of isolation and loneliness catch many newly self employed by surprise.  The inability to test ideas and having a mentor is often a challenge. Some even miss the day to day chatter and camaraderie.

Many independent professional services consultants combat isolation through networking or mastermind groups or other practice networks. This would work with tax and accounting professionals too.

Why should you consider this? Five immediate reasons come to mind:

Moral Support: Even if they have differing goals, members are there for support. 

Inspiration and Motivation: Active participation in the right group will challenge and inspire you through tough times.  It is easier to maintain a positive attitude when you have someone with whom to talk through issues.  

Differing Viewpoints:  Discussing different viewpoints with group members gives you varied perspectives on challenges and problems. This is your opportunity to test ideas. Even while disagreeing with others’ points of view, you can gain a better perspective and enhance your ideas.

Peer Accountability: Group members will hold you accountable for your actions helping to achieve your goals and objectives. Realizing you will be held accountable to your peers will also drive growth and development. The fear of letting down the group can be advantageous to your desires.

Wisdom and Experience: You can rely on the experience and wisdom of the entire group. Many heads are collectively smarter than one.

Whether a solo practitioner or a member of a larger firm which is compartmentalized, you can benefit from the right network or group. Many people find that they can stay on the right career track.  Others find that they are building a firm, rather than just creating a job for themselves. They are more likely to overcome marketing and business development challenges through the motivation, feedback and accountability from the group.

Have you ever felt isolated while building your firm?  What are some of the ways that you overcame those feelings? What would you add to this list?

Leave your comments below.


doombinaimise, on Jan 4, 2012:

Я хочу предложить портал <a >смотреть кино онлайн бесплатно</a> 
на котором Вы сможете найти много интересного и хорошо проведете время среди своих родных или знакомых.

Moottoryfew, on Jan 4, 2012:

<a >Diablo 3</a>

Patricksl, on Jan 17, 2015:

<a >узнать остаток по счету</a> - пробить, детализация.

Sergio M, on Apr 13, 2015:

Indeed, much of the time I felt isolated, precisely because other entrepreneurs do not want to share their knowledge and errors, thinking be something that can endanger your ideas.

Jane, on May 7, 2015:

Congratulations for the article and for his determination to always keep up their posts, as always read and see new ideas for my work experience I have also feel trapped while slaughtered in a certain job, to radically change his life and professional area, today I feel happier with my family and professionally, because I love what I do and I have plenty of time to enjoy with my family.

AnthonyFug, on Jul 28, 2015:

как купить виагру  сиалис купить форум отзывы 2014 <a >Сиалис Софт</a>  дапоксетин отзывы врачей  сиалис купить в перми  <a >Дженерик Виагра</a>  инструкция по применению препарата сиалис купить  тадалафил 20 дапоксетин ульяновск  <a >Супер Виагра</a>  сиалис купить казань  сиалис 2 5 мг инструкция по применению  дапоксетин 60 мг отзывы врачей  http://lieranstricroc.net16.net/super_sialis.html  сиалис super active plus цена 
супер сиалис 20 мг инструкция  виагра 100 мг  дапоксетин в аптеках москвы  <a >Набор Классический</a>  устойчивая эрекция  виагра в порошке  дапоксетин подделка цена  эрекция у спортсменов  действует ли виагра  сиалис тадалафил 20 мг отзывы врачей  <a >Супер набор</a>  сиалис тадалафил цена  виагра official site дженерик сиалис купить в краснодаре  <a >Как оплатить?</a>  отзывы сиалис  <a >Аванафил (Дженерик Стендра)</a>  влияние алкоголя на мужскую потенцию  <a >Набор для влюбленных</a>  камагра 100 голд цена  http://lerorivi.comuf.com/nabor_dva_v_odnom.html 
купить виагру мурманск  ослабла потенция  <a >Супер Виагра</a>  при введении во влагалище пропадает эрекция  питание для улучшения потенции  <a >Дженерик Сиалис</a>  сиалис 40 мг отзывы врачей  comprar priligy generic дженерик сиалис софт отзывы  <a >Набор Классический</a>  купить виагра таблетки  варденафил дапоксетин  что эффективнее виагра или сиалис софт  http://terirecatt.hostzi.com/soft_nabor.html  сиалис купить аптека 
gucci acura viagra какие продукты повышают эрекцию  аппарат для потенции  <a >Супер Виагра</a>  препараты для потенции мужчин  дапоксетин можно ли купить в аптеке цена  виагра для женщин инструкция  можно ли купить в аптеке без рецепта дапоксетин  виагра 800 виагра цена в аптеке екатеринбург  <a >Дженерик Виагра</a>  левитра цена отзывы  индийские дженерики  купить дженерик левитра в спб  <a >Дженерик Виагра</a>  pfizer виагра  <a >Супер набор</a>  сиалис аптеках москвы дешево  <a >Написать нам</a>  что съесть для потенции  http://vendcaletfa.comyr.com/dzhenerik_sialis.html

Darrelldugs, on Dec 23, 2015:

<a >сервис приема платежей для физических лиц</a> - litecoin адрес кошелек, самый лучший лайткоин кошелек.

Jospehkl, on Jul 4, 2016:

cool website <a >http://lovexxx.me/</a>

imagenes de ramos de flores para cumpleaños en fa, on Sep 28, 2017:

Esta planta, como vas a saber, no medra considerablemente más de medio metro
de altura y florece tras la época hibernal, como si quisiera alegrar el campo con sus atractivas flores.

dibujos de navidad faciles y bonitos, on Nov 21, 2017:

Te mostramos 10 amenos dibujos para colorear.

Anya, on Dec 4, 2017:

VV. AA.: Antología de cuentos de terror, 3 tomos.

Karry, on Dec 15, 2017:

Con los antecedentes de Contraloría el municipio que lidera la ex-
aspirante presidencial, optó por empezar un proceso de evaluación de sistemas de control previo a la licitación para restituir el reloj control que fue retirado por la administración Labbé.
, En Android el usuario puede emplear múltiples
apps gratuitas como Fingerprint Gestures, Inicio Virtual Fingerprint Scanner Tools para asociar diferentes ademanes con distintas áreas del sistema.

Kelsey, on Dec 16, 2017:

El amor es eso hace con que el tiempo es bello.

frases de La vida Es bella, on Feb 14, 2018:

Los sueños soñados por enamorados son realidades.

fabulas infantiles con moraleja largas, on Feb 20, 2018:

Cuentos infantiles para tu hijo pequeño.

amor y asco pdf, on Feb 25, 2018:

El amor es parte de la poesía de la vida.

relojes digitales hombre elegantes, on May 15, 2018:

Análisis de ventas en relojes gps dos mil diecisiete.

Simple HTML is permitted; URLs will be automatically converted to links


If you wish to Trackback this post please use this trackback link in your blog: http://www.prohorizons.com/trackback/651/