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Every year Roy Morgan release a report into the most trusted professions titled the “Image of Professions Survey” and Accountants always seem to fair quite well, not as well as Doctors but much better than Lawyers!
Grading a successor for your accounting firm is much like grading a diamond! It’s all about those fabulous four C’s.
As you consider the many options for transitioning your accounting firm for the future, you will need to ask yourself if a public company is the right home for you, your clients and your team.
It’s a big deal, it’s your life’s work and it’s your nest egg, so let’s look at the key factors that are critical to success.
There is almost always a gap between the economic value and price any firm may command and there are many factors which affect this.
In accounting, like many other professional services, we make a living by bringing together two equally important intangible loyalties; those of clients and staff.