You have spent years building an accounting practice, and then you start dreaming about selling your practice, and retiring. Most owners find themselves in the position of wishing they would have started planning to sell their accounting practice long before they ever did. We have had the pleasure of speaking privately with hundreds of hard-working practitioners over the years who finally find themselves ready to retire. However, once they receive an education about the process of selling their tax practice, they are stunned to discover they should have had an exit strategy in place years before…even 10 years prior to an exit.
Recognizing the need for practitioners to sell their tax practice, www.taxconnections.com has put together a special program to educate firm owners what they must put in place long before they sell their tax practice another firm. TaxConnections is committed to guiding accounting firm owners by educating them what they can do to ready themselves for the inevitable sale of their practice years in advance of an exit to retirement.
A little-known secret to owners of small tax and accounting practices is if you call big brokers about selling your practice, they are disinterested in working with you if your annual revenue is under 3M. Most of the big power brokers in the accounting profession do not have an interest in speaking with you even at 3M annual revenue and/or EBITDA. It is a good idea to understand why this happens and explain so you do not become disappointed. Our mission is taking you through the process of building and organizing your practice for sale one day. Perhaps, it will be two years from now, five years from now, 10 years from now or longer. Tax professionals are lifelong learners, and what we teach you about building to sale journey will have a huge impact on the sale price of your tax practice one day.
TaxConnections has assembled an Advisory Team with valuable solutions for you. TaxConnections has built a Master Strategy to prepare small to medium size firm owners long before they sell their accounting practices. If you have built a tax practice, you will benefit from access to information from leading M&A experts who will teach you years in advance of a sale to your firm. Once you enter the program, we promise you will learn valuable lessons in the first few sessions of the program. We guarantee you will learn things you have never previously considered about the sale of your practice. Our mission is ensuring you are informed of the challenges, far ahead the obstacles you will encounter, and solutions to break through these what seem impossible tasks required to do prior to a sale.
Owners/partners in small to medium size firms who learn from the special Advisory Team we have recruited to educate you will be far stronger on an exit of your firm. Learning Master Strategies from this Advisory Team will ensure you increase your opportunities to sell your tax and accounting practice and increase the value of your firm to potential buyers. There is so much to learn and the earlier you start educating yourself on how to increase the value of your practice, the stronger your exit to retirement.
If you are interested in learning how to increase the value of your tax and accounting professional services firm, years before you sell your practice, you will be pleasantly surprised how we educate you years in advance of the actions you must take now. Those preparing for a sale within the next year will wish they had known these Advisors ten years ago.
Contact Kat@taxconnections.com or call 858.999.0053 for a private consultation regarding our M&A Advisory Education program.
1 comment on “Thinking About Selling Your Accounting Practice? Get An Education Years In Advance”
Thanks for the article! This is a really helpful guide for anyone looking to sell their business.
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