Business Owners: Put Your Successor to Work
Before You Set Sail
hastily chosen or ill-prepared successor can lead a company
astray or, in worst cases, mismanage it into bankruptcy
Before you set sail into retirement or perhaps on to your next
great professional adventure, make absolutely sure that your
chosen replacement is ready to, well, succeed.
Perhaps the simplest, most important thing you can do is to
put your successor to work. Co-owners, board members and
employees are more apt to follow a replacement's lead if they
feel confident in his or her knowledge and skills. And the
only way to truly build that confidence is to allow these
stakeholders to experience your successor's leadership style
and capabilities first-hand.
For instance, let your successor gain experience examining and
discussing financial information for tax and financial
reporting compliance and profitability analysis. In addition,
allow him or her to spend time among your HR staff to learn
about your hiring methods and benefits issues.
Don't hesitate to let your heir apparent get his or her hands
dirty. For example, if you're a manufacturer, let him or her
spend plenty of time down on the plant floor to see and
participate in daily operations. Or, for other types of
businesses, send your prospective replacement out on sales
calls to face the challenges of meeting customer demands
While your successor gets acclimated, you may want to hire an
interim manager. His or her objective industry and supervisory
experience can be invaluable in training your next-in-line.
But you must give the interim manager executive powers,
including the ability to guide careers and make employment
a comprehensive strategy
Properly training and preparing your successor is immensely
important if you want to truly leave your company in good
hands. However, this is just one aspect of succession
planning. For help with a comprehensive strategy that provides
security for you, your family and your company, please contact
us. Call us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,