Tips for building a firm to the right size for you
December 12, 2023
By Keila Hill-Trawick
A single-minded pursuit of growth can lead to arbitrary revenue goals, constant pressure, and burnout. When growth becomes a holy grail, other important needs in a firm are often sacrificed. It doesn’t have to be this way.
Intentional growth, pursued carefully, helps a firm thrive now and in the future. Achieving growth sustainably takes a careful balance between expanding the business and maintaining core values and lifestyle.
I knew early on that growth at my firm would have to be controlled. I wanted to travel and spend time with my family. I wanted to work with clients I enjoyed and respected for more than the revenue they generated and the referrals they provided. I wanted to work with a team of accountants who didn’t have to prioritize work over living.
The lessons I learned along the way taught me what to do (and what not to do) to grow a firm to the right size for me. This article covers the four keys to our success so far — tips that other firms may use to try to find the right growth model and goals for them.