Tag-Archive for Sell Your CPA Firm

Improvements to Make Before Selling Your Business

When it comes time to exit your business, you want to do so in a well thought out manner in order to maximize the value you will receive. You have poured your heart and soul into this, and you should receive the fruits of your labor. Some owners find out, however, that their business is…

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Why Your Employees Might Embrace the Sale of Your Business

When someone is selling a business, it is usually assumed that this is going to be a touchy and delicate issue for existing employees. This is one of the primary reasons that reputable business brokers go to great lengths to ensure confidentiality during the sales process until the time is right to announce it to…

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Will Baby Boomers Ever Leave the Stage

The Baby Boomers, that generation of 77 million Americans born right after World War II (1946-1964), have helped shape American culture at every stage of their lives. In their youth, they embraced Elvis and the Beatles, “free love”, and the counter-cultural revolution of the 1960s. In the 1970s and 1980s, most of them traded in…

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Why Would a Business Owner Sell a Successful Business

It is easy to assume that any business that is for sale must be failing. Part of that is our innate assumption that no one would ever voluntarily give up something that was making them money (especially if they built it themselves). But people are not actually the economic models of enlightened self-interest we learn…

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How A Business Broker Can Help with a Business Sale

There are many business owners that are looking to move on from owning a business for various reasons. Selling a business is not as easy as many people believe. Owners often attempt to sell their business on their own, and they quickly find out that it can be a challenge to attract a qualified buyer…

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Maximize Accounting Practice Sale through Transition Planning

Most sellers would prefer to receive all cash when selling an accounting firm. The problem is that most savvy buyers and certainly the best operators in the accounting field understand client retention risk. Buyers cannot truly understand the size or scope of the risk of retaining clients within a firm, so they hold back a…

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Common Questions Business Owners Ask About the Selling Process

Selling a business can be a lengthy and complex process. Before you even begin, you need to prepare for the sale by making sure your business is ready to attract your targeted buyers. During the process, there are several steps that must be taken to avoid common pitfalls and ensure a successful transaction. Along the…

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How to Approach Your Employees About a Business Sale

Selling a business is typically a very positive event for the owner(s). This is the time to cash in on the years of hard work building your business, and move forward to retirement, new endeavors, or whatever is in store for the next stage of your life. As an owner, you look forward to the…

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When Is The Best Time To Sell My CPA Practice?

Selling an accounting practice (or any other type of business) is a difficult decision. With so many years and so much time and money invested in it, the decision to leave often comes with a heavy heart. The problem is many stay in their practices too long and suddenly circumstances drive them to a quick…

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Measuring the Value of an Accounting Firm for Sale

With the Baby Boomers retiring, there are CPA practices for sale throughout the country. This is good news for aspiring accounting entrepreneurs that want to own their own firms, because it is generally less risky to buy into an established practice than to try to build one from scratch. Your chances of success are much…

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