Want to buy an accounting practice but don't know how to get started?
Now’s the time to double down your focus and make it happen before the year ends. Here are 8 critical prep steps:
1. Get your website ready
2. Get your personal financial statement ready
3. Get clear on 5 reasons a seller would want to choose you out of all the buyers
4. Define your target: revenue, SDE/EBITDA, headcount, number of managers, type of work, geography
5. Now, team up to help: Get some interns; hire contractors abroad. Don't make this a one-woman show. Practice inspiring and managing people with mixed feelings about you. That company you buy will have mixed feelings about you for weeks, months, or years — get used to it.