The official Retiring Accountant blog.
Most business owners who are looking to retire don’t expect their Accountancy exit to be easy, but many are surprised by how difficult it can be to sell their business
It can be extremely hard to negotiate a good price in a reasonable timeframe, especially in the current economic environment
The majority of frustrations and challenges that Accountancy Business owners experienc...
Power To The Accountancy People!
No doubt you are a hard working Accountancy Owner, and you have your Accountancy Business which stands tall and proud on its own and it has made you successful.
But now you ache for a more substantial challenge.
Growth through acquisition can help fulfil this desire for a challenge but expansion, simply means:
If I was to say to you, that you are a chicken…How would you feel?
Angry?
Mightily offended?
Good! They are wise reactions to have… I want your feathers ruffled!
Because let me tell you my friend, there are foxes on the prowl…
…and they are headed straight for your henhouse!
…your home
…Your empire
&hellip...
Don’t Forget Your Accountancy Due Diligence…
Picture this… You have decided you want to spend some of your hard earned cash on a spanking new car!
So you go down to the dealership and tell them you want to treat yourself and you aren’t afraid to splash out a little extra for that sparkling new paint job or the gleaming new wheels…
When it comes to that time in life and you are imagining the joy of never having to be rudely awakened by your alarm clock again
It is all too easy to be clouded by the luxurious thought of retirement
I can hear you now
Gosh it is going to be wonderful
I can have more time with my family
I can enjoy my hobbies with my newly acquired freedom
And of course I ca...
When thinking about your future Accountancy exit strategy I can imagine it stirs up a lot of emotions within you
One moment you are feeling the emotional highs of excitement and the thrill of satisfaction
The excitement of going out and finding that perfect acquirer
And the obvious satisfaction connected to the financial wind fall from the sale of your Accountancy Business
...Imagine selling your Accountancy business
It is one of the most important business decisions you will engage with in your life
And is definitely something you will hope to only be doing once
Unfortunately there are several recurring and crucial mistakes we observe Accountancy owners repeatedly making in the open market place
After over a decade of experience we consider ...
…Have you actually really thought about your perfect exit strategy?
If so…What do you want it to be?
Smooth Sailing…With no stress?
And, what do you want to gain?
A cash rich acquirer…
…who can offer a healthy clawback provision?
And, keep your clients happy ...
If you are paying attention you have read or heard Accountants talk about how they have
Grown their business
Increased their profits
And gained more freedom and independence in their business and for themselves
Many of the practice owners that we speak to started at ground zero and have managed to build their firm up to a comfortable six figures looking to reach seven fi...
You have probably met people like this before
People that are so desperate for a relationship that when they finally get one, they think their new partner can do no wrong
They meet a guy or a girl, and literally worship the ground they walk on
They idolise them in every way and consider themselves lucky that they have this person
No harm in that I hear you say
But ...
Retiring Accountant
Unit 6
Highfield Business Park
Ripon
North Yorkshire
HG4 2RN
01765 698 699