Recognizing Traits of Effective Thought Leaders
By: Sarah Dobek
Developing and nurturing thought leaders in your accounting firm is necessary to stand out and compete. Thought leaders today help translate your firm’s expertise and make your services tangible. They also create immense value and help differentiate your firm and practice areas. Getting started is often the hard part. For most firms, the question is who should be thought leaders and how is that different than just publishing content? Through our work with firms of all sizes, we have identified a combination of traits often found in effective thought leaders.
Thinking Beyond the Numbers
Great thought leaders can translate and communicate ideas meaningfully that turn data into actional insights. These people don’t just report the numbers but contextualize them within broader industry trends and specific scenarios common among your clients.
Action: Find the partners or staff that take the extra time to develop . These are often the same people that do market research or attend industry events. These bigger-picture thinkers can often be groomed into your best thought leaders. A good investment is to identify them as early as possible and get them started contributing to content and speaking. Practice translating these ideas and communicating will help them hone their natural instincts into a skill.
Looking to the Future
Successful thought leaders take a proactive approach to learning industry trends, and they form opinions about the future of a business or industry. Accountants have traditionally been historians for their clients, looking back in time at numbers that have already happened. Great thought leaders turn their attention to the future and forecast and anticipate for their clients.
Action: Find the partners and staff in your firm that are already thinking about ways to help clients plan for the future, whether it’s selling a company, passing it on to their employees or family members, or a potential merger. If those partners and staff already have a forward-looking mindset, they are good candidates to groom for thought leadership.
Passionate Approach
At the heart of effective thought leadership lies an unwavering passion for the subject matter. This intrinsic motivation is what propels individuals to go beyond their day-to-day responsibilities and contribute to the broader discourse through writing, speaking, and leading. Passion cannot be feigned; it’s the genuine curiosity and engagement with the industry that drives thought leaders to explore and share insights, even during the most demanding times. This fervor is infectious, not just invigorating the individual but also inspiring those around them and, most importantly, resonating with clients.
Action: Find partners and staff with an infectious passion for what they do and let them loose. Give them a charge to learn and consume more on the subject and ask them to help translate that for your clients.
Identifying individuals within your firm who embody these traits is just the beginning. The real challenge—and opportunity—lies in strategically nurturing these potential thought leaders. This involves not just recognizing and rewarding their efforts but also providing them with platforms and opportunities to share their insights, both internally and externally. Moreover, for firms looking to infuse their ranks with fresh thought leadership talent, these traits should serve as a blueprint for recruitment and development strategies.
If you already have people in your firm that have these traits, begin to invest in their development as future thought leaders. If you don’t already have firm members with these traits, and you want to create thought leadership at your firm, we recommend using these traits as critical criteria in your recruiting programs. While some skills can be learned through training, most of these important traits will be a core part of the personality of a current or future thought leader.