The official Retiring Accountant blog.
If you are paying attention you have read or heard Accountants talk about how they have
Grown their business
Increased their profits
And gained more freedom and independence in their business and for themselves
Many of the practice owners that we speak to started at ground zero and have managed to build their firm up to a comfortable six figures looking to reach seven figures
Others are already earning seven figures and are now looking at the next level
More stability
And more freedom
So how do you make that same leap
Well when individuals move forward with their exit strategies they can stay on in an ongoing consultancy arrangement for up to 10 years
Which can mean two things
Firstly you are still going to have a recurring income to spend as and when you want to
And
Ongoing employment in semi retirement can keep you physically and mentally active whilst allowing you to enjoy precious time with yourself your hobbies and your family
Well leaping up to that next level starts right now and all you have to do is reply YES to this email and I will send you our eBook on the 9 Key Negotiation Steps when selling your Accountancy Business
Knowing how to negotiate could be what turns your six figure Accountancy Business into an acquirers dream
Meaning you walk away with your seven figure cash prize and ultimately your freedom
It is common for people to think that acquisitions just happen but the fact is there is no such thing as an overnight success
And right now you may not fully appreciate what others have done to get to that next level
For example the sale of an Accountancy Business can take from 6 months up to two years
And let me tell you with the handover process and ongoing consultancy arrangements that length of time can be upwards of 5 or more years before you are finally home free
86% of sellers who came to us after suffering from a previous failed acquisition said that the process could have been halved had they been aware of the Five Tactics for Negotiation Success
Knowing these tactics is so important for moving the process forward in a positive and time effective way and you can have this knowledge at your fingertips so take advantage by replying YES to this email and I can show you why
Refusing to meet face to face with hot potential acquirers will leave you with an unsatisfying outcome in your negotiations
Because how can you read that all important body language if you are not willing to meet your intended
If you want your exit strategy to be successful watching out for those non verbal cues is what takes your negotiations to the next level
And the next level is that seven figure Accountancy business owner taking their new found freedom to do whatever they want to do
Best Wishes
Stephen Hagues
PS I have opened up a slot in my diary especially for you so I can share my little known secrets on how to leap up to the next level and I would love to hear from you
Reply back YES to me via email and we can take that leap together!
You have probably met people like this before
People that are so desperate for a relationship that when they finally get one, they think their new partner can do no wrong
They meet a guy or a girl, and literally worship the ground they walk on
They idolise them in every way and consider themselves lucky that they have this person
No harm in that I hear you say
But the problem is
When you consistently put someone on a pedestal you leave him or her with no choice but to look down on you
That is human nature
It may not happen straight away
It could take weeks months or even years
But eventually they will start treating you like they are better than you are
And you won’t be able to blame them because it is what you led them to believe
And this isn’t just exclusive to the dating world
The same applies to you and your exit strategy
Of course you want to pick the most desirable acquirer for your Accountancy Business and it should absolutely be your choice who you choose to hand over your life’s work to
And it should always be on your terms
But it is impossible to enforce those terms on an acquirer who thinks they are more desirable than you are
Chances are they will leave you the moment a superior opportunity comes along because they believe they deserve a higher level of opportunity than that of which you placed them on
Limiting yourself to just one relationship is one of the gravest mistakes retiring proprietors make when it comes to selling their Accountancy Business and by clicking here to download our video on the 2 Most Costly Mistakes when Selling I can tell you why not having a broad base of acquirers will end up leaving you desperate for that perfect connection
Do you want to end up not knowing who your perfect match is
And risk becoming so desperate that you end up idolising any old acquirer that comes along
So that eventually
You get treated with little respect and made to bend over backwards to meet their demands
I can help Click here now to learn about the 4 main toxic acquirers who will leave you feeling desperate and bowed down under the weight of their demands on you
Whilst in terms of achieving a successful acquisition of your Accountancy Business, there is nothing wrong with wanting to meet their demands
Because a premium offer for your lucrative business is what you both want to achieve
But remember
It should always be on your terms!
Best Wishes
Stephen Hagues
PS Whilst we are on the subject do you have a healthy relationship with your Accountancy Business
Download our eBook by clicking here to discover how to get your business in a prime position to receive that ultimate cash offer
If I could get you 1.2 times your fee income would you be interested in having a quiet conversation
If so book in HERE
Book HERE now, for your quiet conversation
Wishing you continued success
Stephen Hagues
PS If you are not interested in selling but are curious about adding more fee income to your practice through acquisition to make more profits then click HERE
Since the beginning of time we have known that nature has placed us under two masters
Pleasure and Pain
The Pleasure Pain principle is a concept which states we are born into the world seeking gratification by finding pleasure and avoiding pain
Pain and its consequences are more immediate than that of Pleasure and a simple misstep can forever be etched into your memory
For example
Have you ever stubbed your toe against a really hard surface
It hurts
And we do everything we can to avoid that kind of pain again
This Pleasure Pain concept will be what guides you in your quest for the perfect exit strategy
And you dont want it to be a painful experience do you
Most Accountancy Business owners will only look to retire once and therefore you must get it right the first time to avoid painful scenarios such as
Unviable acquirers
Who make unfair offers
And have a lacklustre approach to your clients
By spending just 10 minutes of your time reading our eBook The Seven Steps of Selling click here now for the essential tips to get your business ready to secure a premium offer
Without smashing yourself into those painful scenarios
A staggering 82% of sellers surveyed have said they struggled in helping the sale of their Accountancy business along because
They lacked the fundamental knowledge on how to make their Accountancy Business the preferred option to potential acquirers
Don’t be a part of that painful statistic Click here now for the Sweet Sixteen and I can show you how to make your exit a pleasurable one
Learn how to motivate potential acquirers into believing that acquiring your business will bring them pleasure
And not acquiring your business will bring them pain
And because pain generates strong emotions
Avoiding it always wins
Best Wishes
Stephen Hagues
PS Like to relax for pleasure grab a hot beverage kick off your shoes and take a break for yourself by clicking here to download and read our eBook on how to secure that premium offer for your Accountancy Business
Retiring Accountant
Unit 6
Highfield Business Park
Ripon
North Yorkshire
HG4 2RN
01765 698 699