Those Fatal Mistakes That Accountancy Owners Make

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 experience can be so easily avoided with a little upfront information about the pitfalls of selling an Accountancy Business

And trust me

You will want to arm yourself with as much knowledge as possible to avoid making mistakes that would inevitably have a significant negative impact on your Accountancy business sale

Well the key tips which can help you leverage a premium offer for your Accountancy Business

And give you peace of mind knowing you have checked off all the right boxes in the process are outlined here in our video How to Avoid the 2 Costly Mistakes When Selling Your Accountancy Business

There are dozens of challenges to overcome, such as

Insufficient Preparation

Lack of preparation is by far the most common mistake that Accountancy Business owners make

Just like you would spruce up your house before hanging a ‘For Sale’ sign in front of it, the same applies to your Accountancy Business

Because in the early stages of an acquisition an acquirer will make a judgement on how much they think your Accountancy business is worth and you want to be able to give them all the information they require so that they can make an informed decision

And ultimately offer you a premium price

You can learn all about how to get your Accountancy Business prepped to tip top shape and ready to receive those premium offers by clicking here to download our video

I cannot stress just how important it is to click here now to watch our video, because a lack of preparation doesn’t just apply to you either

Not carrying out reverse due diligence on potential acquirers is another mistake that Accountancy Business owners make

In fact, did you know that over 70% of the Accountancy Sellers we surveyed admitted that if they had carried out that due diligence on the acquirer they would have found crucial evidence that actually they were nowhere near the quality of acquirer that they had made themselves out to be

You could easily end up making these same mistakes and I guarantee it will end up costing you greatly if you do!

Best Wishes,

Stephen Hagues

PS. Are you curious to know if your Accountancy Business is in the best shape? Our expert consultants are ready to speak to you if you are, click here to talk to us now