The composition of the founding team must be carefully considered.Boutiques are often formed by a group with overlapping skills whichmakesit hard to scale. Learn abouthow theteam mayneed to change over time if a boutique is to reach its full potential.
Splitting the equity in a partnership is difficult. However, there is a proper way to do itthatresults in lots of wealth being created.Learn how to fix broken legacy partnership agreementsas you grow, scale, and exit.
The size of your market is most accurately measured by your ability to reach the decision makers in your niche. Growing a boutique is hard and the size of the prize needs to be worth the level of effort.
Designing the compensation system for Partners at boutique professional service firms requires special treatment. Partners are not like other employees and getting their pay system correct requires strategic thought.
The type of engagement you sell and deliver determines the growth strategy of a boutique. There are two types of engagements - elephants and rabbits and understanding which you are hunting is a key to growth.
As your boutique professional service firm scales, recruiting shows up on the list of priorities. The days of recruiting from your personal network are over and the ability to recruit at scale separates the winners from the losers.