Retiring Accountant - Blog Archives

If I was to say to you, that you are a chicken…How would you feel?

Angry?

Mightily offended?

Good! They are wise reactions to have… I want your feathers ruffled!

Because let me tell you my friend, there are foxes on the prowl…

…and they are headed straight for your henhouse!

…your home

…Your empire

…Your life!

As the chicken, you have foxes that are just waiting to break through your defences…

These foxes are the sly predators that prey on potential selling individuals such as yourself, and will manifest themselves as:

Inexperienced buyers and…

…Less than attractive cash offers!

These are just two examples of the proverbial foxes that are just waiting to make you a meal, and there are many more…

…Click here to down load our video and discover why Sam Slicer is the ultimate fox to stay away from and learn not to end up in the belly of the beast!

Because if you don’t, that cunning type of buyer will steal and devour everything that you hold dear!

But, don’t let the threat of the fox divert you from your lucrative Accountancy Business sale. Click here now to discover how to make your business fully prepared to attract those cash rich buyers and secure a mouth-watering offer that is as delicious as you are!

Best Wishes

Steve Hagues

PS. Ladies and Gentlemen, I give you todays fox! Click here to download our video on how best to avoid the 4 pitfalls when choosing a buyer for your Accountancy Business! 

Don’t Forget Your Accountancy Due Diligence…

Picture this… You have decided you want to spend some of your hard earned cash on a spanking new car!

So you go down to the dealership and tell them you want to treat yourself and you aren’t afraid to splash out a little extra for that sparkling new paint job or the gleaming new wheels…

You tell the salesman to add all the fun little optional extras that cost a little bit more but hey…

Why not… You work hard and you deserve this!

You’ve picked out your slick new motor, you’ve taken it for a spin and now you are completely and utterly sold…

And without further delay, you’ve signed on the dotted line and handed over a pretty penny!

As you drive off the forecourt, you are ecstatic… You even feel like a new person, such is the confidence that driving this powerful and beautiful machine gives you!

But…. When you were looking around your new ride, did you think to check under the hood?

Let’s cut to 6 months later…

The engine warning light keeps flashing on, you have a constant oil leak… There is a rattling noise that is driving you to distraction and you are suspicious that you could have faulty brakes!

And after taking the car to your trusted mechanic, you find that not only does it have a multitude of problems, it is unsafe to drive and needs an obscene amount of money spending on it just to get it back on the road!

Your expensive investment that you thought would last you, has turned into a financial and logistical nightmare…

And, the point I am driving home here is… If you had done a thorough check of the shiny new motor before signing your cash away, you would have realised that it was in fact a wreck!

Now apply that scenario to your acquisition of an Accountancy business without doing any due diligence…

…Because after you have committed your signature and a big cash sum to your acquisition you cannot go back afterwards if you find the business wasn’t what you thought it was!

Firm and resolute due diligence by you the acquirer, is key to finding out what might be lurking underneath the surface of a sellers fancy crisp letterhead and impressive offices. And if you click here to read our eBook, you will find a checklist of information that you should expect to see in the initial stages of the acquisition…

And it is in the early stages of acquisition that you mustn’t be afraid to ask questions, which the seller must answer…

… If they have gaps in their service history… then why? The reason could be a deal breaker and you need to put the right amount of pressure in their proverbial tyres to get the answers you need…

… To make an informed decision as to whether this will be a lucrative and successful investment. Let our eBook on Five Ways Not to Buy an Advisory Firm be your manual on the road to a successful Accountancy Business acquisition, click here to get your copy now!   

Because due diligence is a priority and not doing it could de-rail your chance at success!

Best Wishes,

Stephen Hagues

PS. After taking 10 minutes to read our eBook, don’t be surprised to learn that there is more information to unlock on your road to Accountancy acquisition. If you want to make that road even more smooth sailing, then click here to have a no obligation chat to one of our highly trained consultants who can help you protect your future investments.

When it comes to that time in life and you are imagining the joy of never having to be rudely awakened by your alarm clock again

It is all too easy to be clouded by the luxurious thought of retirement

I can hear you now

Gosh it is going to be wonderful

I can have more time with my family

I can enjoy my hobbies with my newly acquired freedom

And of course I cannot forget about that juicy cash pot at the end of it all

But stop thinking about the rewards for a second

How did you get to your paradise

Before you let yourself become seduced by all those beautiful apples in the garden of retirement

You need to think about the journey to your very own Eden

But beware you don’t miss-step

Otherwise the deadly sins of selling will set you up for a very big fall

Dont unwittingly con yourself out of thousands of pounds by being caught off guard

Download our eBook on The Seven Steps to Selling your Accountancy firm by clicking here to recognise these deadly sins and avoid them

92% of sellers we surveyed confessed that whilst they didn’t think it would be easy selling their accountancy business

They were struck by a glancing blow at just how easily they fell prey to

Little or no preparation

Fish and chip Charlie offers after due diligence

Taking a hands off approach

Failing to pre-qualify buyers

And, it doesn’t stop there

If it was you and your exit experience

I am sure you would be guilty of falling into the same traps wouldnt you

After all this though the majority of frustrations and challenges that you will face within your exit strategy can so easily be avoidable

By investing just 10 minutes of your time now into reading our complimentary eBook, click here to discover why seizing the first cash rich acquirer is not always the best

You could find yourself without an accountancy business and with nowhere near the remuneration of what was offered to start with

An offer that actually if you think about it

Wasn’t a divine offer in the first place

So don’t let the snakes rob you with their surprise attacks

Click here now to download our eBook and together we can thwart those pesky sins trying to darken your Retiring experience

Best Wishes

Steve Hagues

PS. Want to throw a little light on the subject

Click here to read the Five Golden Rules to selling your accountancy Business

When thinking about your future Accountancy exit strategy I can imagine it stirs up a lot of emotions within you

One moment you are feeling the emotional highs of excitement and the thrill of satisfaction

The excitement of going out and finding that perfect acquirer

And the obvious satisfaction connected to the financial wind fall from the sale of your Accountancy Business

But with the highs come the lows

And it is also true that on the journey through your Accountancy exit process you will feel the plummeting lows of loss and grief along with fear and second guessing

No doubt you will have thoughts such as

What will I do with all the extra time and An empty calendar equates to an empty life

And on top of that you worry that you may lose your identity and loss of community

As no doubt you will have built strong friendships with your work colleagues and clients

I need to tell you that these range of emotions are completely natural when it comes to going through your exit strategy

However you cannot let any of them affect the process

Becoming a slave to your emotions can greatly hinder a successful outcome when negotiating on terms for your Accountancy Business so the rule is

Never become emotional in your negotiations

If you click here to download our eBook we can show you the 9 Key Steps to helping you through your negotiations

Because letting your fears and second guessing can lead you to

Develop a weak state of mind

Which leads to you not being able to deal with the task at hand

Which will inevitability lead to you talking your way out of a premium cash rich offer

But by clicking here now to download our eBook you will see how building up a trusting and reliable relationship with potential acquirers can

Assist your understanding with other points of view, without being biased by emotion

Which as a result can help you achieve a higher level of success in getting what you want out of your exit

Best Wishes

Stephen Hagues

PS. Letting your heart rule your head

Click here for our eBook now to read the 9 Key Steps on how to negotiate the best possible outcome for your Accountancy Business