Succession Planning
Why Planning for Your Platinum Years or Third Act is a Must
Why Planning for Your Platinum Years or Third Act is a Must We are often asked why the baby boomers have yet to depart their firms. In the professional services industries, there has been much anticipation since the late 1990’s for this time to arrive, and that time is well and truly with us now.…
Read MoreWhat’s your Back Up Plan if you Die at your Desk?
What’s your Back Up Plan if you Die at your Desk? Firstly, let’s acknowledge that this is a terrible subject to discuss or consider, however it’s because of this awkwardness that so many people, including professionals, fail to plan for such scenarios. As our baby boomer generation continue to work longer, we need to be…
Read MoreExtra Succession Planning for Audit Services
Extra Succession Planning for Audit Services As most within the accounting profession will acknowledge as a concern, the number of registered company auditors (RCAs) are dwindling. While I appreciate that not all non-SMSF audits require the RCA status, we tend to find those who perform these type of audits have had a long standing involvement…
Read MoreWhat Can Our Long Standing Senior Clients Share with Us about Succession & Business in General?
What Can Our Long Standing Senior Clients Share with Us about Succession & Business in General? We have just concluded our nation-wide presentation tour on ‘How to Sell or Buy a Practice Successfully Without using a Broker’. On one leg of this tour I was collecting my thoughts in my hotel when I overheard two…
Read MoreWhat Your Firm’s Characteristics Highlight About Your Succession Options
What Your Firm’s Characteristics Highlight About Your Succession Options There are multiple options when it comes to planning for succession in professional firms. However, the evolution of firms may dictate which of these are more probable over the longer term. Just some of these key characteristic include firm size, location, number of partners, services offered,…
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