Summary of Practice Made Perfect

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Practice Made Perfect book summary


7 Overall

8 Applicability

6 Innovation

7 Style


A well-engineered and reliable kitchen appliance, say a toaster oven or a blender, has a certain functional beauty, and so does this book. Authors Mark C. Tibergien and Rebecca Pomering specifically target and serve financial advisers who own consulting firms. Based on their decades of consulting experience, the authors offer sound advice designed to protect - or deliver - any small financial service firm from a fiscal crisis. In the course of doing so, they debunk several myths, such as the notion that you can simply sell your way out of poor financial performance, or that most small firms don’t need to borrow to pay for their operations. With an appendix chock full of helpful tools, such as a cash-flow calculator, a sample financial statement and a practice-management assessment questionnaire, this is a useful book for any small consultancy. strongly recommends this book to financial advisers who know the value of good advice.

In this summary, you will learn

  • How well you are managing your financial advisory services firm;
  • How to do it better;
  • What the industry standards for practice management are;
  • How to develop a strategy for long-term growth; and
  • How to keep your firm’s finances in order.

About the Authors

Mark C. Tibergien is partner in charge of the business consulting group and principal of the accounting group at Moss Adams LLP in Seattle, where Rebecca Pomering is also a principal. Tibergien, who delivers 50 to 60 addresses annually, was president of Management Advisory Services prior to its merger with Moss Adams in 1994. Pomering specializes in management consulting, including compensation, strategic planning and financial advisory practice management.



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