Tag-Archive for CPA Firm Buying Tips

What You Need to Know When Buying a Business

If you are looking to become a business owner during the coming year, there are many opportunities out there. For many aspiring entrepreneurs, purchasing an existing business is preferable to starting something from scratch. With an established business, someone else has already gone through the grueling startup phase, hired employees, built up a customer base,…

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Are You Ready To Become a Business Owner

Many people aspire to become entrepreneurs. The thought of owning your own business and having the freedom to set your own schedule is very appealing, not to mention the ability to earn an income that is not capped by what an employer is paying you. There is no denying the incredible rewards that can come…

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Starting a Business During Uncertain Economic Times

Every business owner loves to operate in an environment where the economy is thriving. When there is strong economic growth happening, consumers have more money in their pockets, and they have more disposable income to spend. Even when a business lacks a great product or a flawless marketing strategy, they can still do well during…

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How to Capitalize On Business Opportunities

As we all know, the coronavirus outbreak forced the temporary closure of millions of “nonessential” businesses throughout the country. We had hoped that they would only stay closed for a couple of weeks, but unfortunately, many have not fully reopened to this day. This has resulted in numerous businesses that have had to shut their…

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Important Questions to Ask Before Hiring a Business Broker

Business owners are often very surprised to find out how complicated the sale of their business can be. Organizing financial and other important information, finding prospective buyers, keeping the sale confidential until the time is right to inform employees and customers, how much information to reveal to a buyer at each stage in the process,…

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Major Factors to Consider When Buying a Business

Purchasing an established business is a great way for many people to get into entrepreneurship. If you can afford the upfront cost or you have the ability to finance at least part of it, you can bypass the often gut-wrenching startup phase of a business; the initial weeks and months when you put in 18…

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How to Start a New Business in 2020

The calendar has turned to a New Year and a new decade as well. We are now in the 2020s, and for those who are entrepreneurial minded, this could become a throwback to the “roaring 20s” of the 20th century. Although there are always some potential concerns, the U.S. economy is fundamentally sound, and there…

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How to Keep Clients after Purchasing a CPA Practice

When someone buys an accounting practice, the major asset they are buying is the current book of business. Although there may be office furnishings, equipment, trained employees, and earned goodwill, the one thing out of all of these that is producing ongoing revenue is the client base. And for every client you lose, it will…

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The Importance of Having a Flexible Commercial Lease

When you are buying a business, one of the most important considerations is your location. Not only is your location key for obtaining exposure and developing your brand in the marketplace, it is also important from the standpoint of the commercial lease you will be signing. What you pay in monthly rent and related expenses…

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What is Goodwill Worth When Buying or Selling a Business

The value of a business is very often far more than the value of its assets or even its net revenue.  There are certain intangibles that are unique to a business and from which value is derived.  Intangible assets are commonly known as “goodwill”. What is Goodwill: Because of its intangible nature, it is often…

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