You may think that this is a bit of a dry subject! It is BUT it is very important! And you may think that as you are not selling your business and have no intention of doing so, it will not apply to you!
I was talking to Don Wood the other day (the founder of Accounting Practices) – he is now retired and living on the Gold Coast – and the problems and opportunities that we are currently facing, are the same problems he faced when he was in practice and also found talking to practitioners when he founded Accounting Practices.
There seems to be a lot of activity going on in the Public Practice market at present.
We have sold countless CA firms and this is not including the many high end Accountants we have placed in succession planning across Auckland and beyond.
Are you at a stage in your career, where you have hit a ceiling?
Are you needing genuine career advice, without the sales pitch?
At Accounting Practices, we have a proven track record in placing high end chartered Accountants in firms across NZ.
We have been inundated with many Partners asking Accounting Practices: when is the best or right time to sell?
As we know, a full calendar year is a long time! However, it can come and go in a heartbeat.
As you know, my line of work every day involves talking, advising and consulting with Accounting Partners about the BUY/SELL/MERGE or succession option.
I recently spoke with a Partner that was looking over their shoulder towards retirement.
This blog is intended for "First time Accountants" looking to leave their current firm and head into "greener pasture" or so some will say!
A few simple pertinent points before you even think about heading into ownership are listed below:
Are you an Accountant working in a Public Practice firm or in commercial and looking at expert advice, when it comes to your next career move?
Trust me, I have interviewed and placed many high end Accountants in established firms.
When my brother and I ran the 100km Ultra at Tarawera in 2015, we did not envisage how much of an impact it was going to have on us in both physical and mental format.
In my line of work I am continuously dealing with high end accountants, either advising/consulting/brokering or managing the process from start to finish.