John Borrowman, CPC
Borrowman Baker, LLC
Boomer retirement is pushing business to BV practices. Maybe yours. Has it occurred to you that the same need-to-retire phenomenon affects your own profession? And that you could harness it to advance your career?
To be sure, there are BV/LS practices that are “being acquired by”, “merging into”, “becoming a part of” other firms; generally larger though not always. You know that because you see regular notices about it in business publications, LinkedIn, and so forth.
What gets much less attention is the kind of practice—usually tucked away inside a CPA firm—where the practice leader wants out and there is no one next in line. The CPA firm, reluctant to lose the revenue, is motivated to find a successor.
Opportunities like this show up out of the blue. You can take advantage if you are ready. That requires three things.
Flexible timing. The sooner you talk to us, the better your chances of landing something.
Flexible geography. You never know where an opportunity will pop up. If we can connect you to something that lets you return “home,” we will.
Practical financial expectations. Capital contributions can be required, for example. Sometimes, though, you can handle them through a salary hold-back.
You may be successful on your own but know how much more you could do if you were inside an organization. You may see leadership sometime in the future, meanwhile there are others on the rungs above you and you would like to leapfrog forward.
If you think you could be someone’s successor, you should be talking to us.