Every year many accounting firm owners tell themselves the same thing. A couple more years, then I'll decide. Then a buyer's letter, a discreet phone call, a manager's resignation or a doctor's appointment forces the question, and the deadline is set on someone else's clock.
In Part 3 of INSIDE THE SHIFT, Rob Brown sits in the owner's chair. He looks at how many accounting firms are small and owned by people nearing retirement, in the US and the UK, why buyers have never been busier and the three options most owners have: sell, merge or hold. He explains why waiting is a decision too, why buyers pay for what survives the owner and why staff are part of the deal whether they're told or not.
If you're a manager, partner or senior, this one lands on you too.
https://youtu.be/n9Guz4f70DM
INSIDE THE SHIFT is a 12 part series on the Accounting Voices Show about what deals, AI and succession mean for the people working inside accounting firms. New episodes every Tuesday.
On Fridays, watch BACKED, our sister show on capital, ownership and control in accounting firms, exclusively on YouTube and supported by INSIDE Public Accounting.