Practice Management: Practice models and networks | Nelson Croom

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.

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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

Learning outcomes

Developing a business plan

A simple business plan analysis

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

Putting in to practice

This module helps you put the learning from this course in to practice in your firm.

Target audience

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