Similar to asking the right questions when interviewing people, asking the right questions when checking references is an equally daunting proposition. Your strategy is clear, determine who would do a good job, but the tactics to determine that are where things get squishy. Asking the wrong questions can inadvertently tip off the other person and they’ll end up giving you the answer they think you want to hear.
An estimated seven million baby-boomer business owners will exit their companies over the next 20 years – and many of them are your clients. How can you, as a CPA, take advantage of this growing wave so that, instead of losing your clients, you can actually develop new business opportunities from these transitions? In addition, when you are ready to exit from your own CPA practice, how can you transition most successfully for both your maximum financial outcome, as well as your personal satisfaction?
The key to integrating a multi-generation workforce is to create a culture where all generations value and respect one another’s capabilities to accomplish a task, whether it’s building a new product, streamlining a process, closing a deal or brokering a sale. The angst that currently exists about multiple generation workforces comes from a place of fear and misunderstanding. The challenge, in many cases, is that the new generation of workers that are coming into organizations have been given a host of labels, ranging from the obnoxious to the sublime.
The great irony is that planning for business exit is, understood correctly, much the same as planning for business growth. The purpose of a successful business exit strategy is to maximize the value of an asset (your company) so that you can gain the highest possible valuation for that asset and end with enough funds to either retire or start another business.
The conventional wisdom that most mergers fail is dead wrong.
In the webinar, M&A Gets a Bum Rap, Joe Aberger, EVP of PRITCHETT, LP, debunks the commonly held belief that M&A is a loser’s game. He exposes the many flaws in negatively skewed research and provides an accurate, objective view on the true performance of mergers.