Business Management
Staff Culture and Management Key to Successful Practice Sales
One of the primary drivers, in addition to growth, for the current acquisitions of practices / fees is the desire by the purchaser to also retain any professional staff that may currently be employed in the practice for sale. This is also generally a key criterion for selecting the right purchaser with most vendors telling…
Read MoreIs Everyone Suited to Buying a Practice?
The short answer is no! A question I often ponder is ‘is everyone suited to being a business owner or are there some individuals that will always be better suited to being employees?’ Importantly, there is no criticism of either. However, I have just always thought that running a business is not for everyone, particularly…
Read MoreThe Impact of Firms’ Return to Work Policies on Staff Retention & Recruitment
Much is continuing to be said about the difficult recruitment market at present, across all industries including the accounting profession, with emphasis being applied on what can be done to differentiate your firm to make it more attractive to potential employees. From most reports, it sounds as though our ability to source and secure good…
Read MoreHave Firms in Locked Down States been More Under the Pump Leading Up to Review Time?
We have all been hearing about, and I would imagine many firms may also have been experiencing, the tough staffing market out there of late, with recruitment and retention front of mind for most within the professions. We previously reported how large sign on bonuses were being offered to personnel throughout Melbourne city and suburban…
Read MoreHave Lockdowns & WHF regimes now Acclimatised our Clients to the Use of Outsourcing / Offshoring?
Now, we don’t want to constantly be mentioning the past two years and the impact COVID has had on, well, just about everything, however this is our new norm. When asking just about anyone anything, most will typically ponder whether the answer or event was pre or post COVID. Whether we like it or not,…
Read MoreAnnual Leave Management – How will Your Firm Survive?
I touched on this, in part, a couple of months ago as firms began to re-open following Christmas. As the world learns to ‘live’ with COVID and boarders re-open, both nationally and internationally, there appears to be a real sense of spreading our wings and travelling again, particularly abroad and particularly for those who have…
Read MoreSecuring Your Succession
Succession planning is something that is done rather poorly in businesses across the country and perhaps the world. All to often, little or no preparation is performed. Arguably, succession is something that requires planning from day dot. However, getting to a desired retirement age, either willingly but without forethought, or through necessity, due to poor…
Read MoreAre Salary Reviews About to Supercharge?
We have been hearing from firms since the last quarter of 2021 of the difficulties they are experiencing in attracting and retaining personnel, as well as the expectation of staff for more significant salary reviews, particularly amongst the Eastern States. This seems to be on everyone’s lips based on the number of questions we are…
Read MoreAre You and Your Team Back Rejuvenated for the Year Ahead?
Happy New Year. We hope all of our clients and colleagues, their families, staff and firms had a great break over the Festive Season and have returned to offices ready to go for the year ahead. The past couple of years have probably been some of the most challenging in memory for our various generations.…
Read MoreTips & Traps When Changing Financial Planning Licensees
Through our practice broking and valuation services, we have for many years now observed the interactions between Dealer Groups/Licensees and their representatives within multidisciplinary and standalone financial planning firms. Prior to many of the more recent industry changes, there was this underlying view by the licensees that they owned the clients serviced by the planners,…
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