The first few days, weeks, and months after buying an accounting business can worry many as new owners try to find their footing, and old employees worry about stability. Below, we offer some guidance on key steps new owners should take after purchasing an accounting business.

It is common sense that a business is worth more than its tangible assets, but appraising that extra, invisible value can be tricky. Elements such as reputation, customer base, existing networks, and brand recognition all contribute to the value of a business without ever showing up on the balance sheets. When a business is bought and transitioned, those nebulous, intangible assets are lumped together as something called “goodwill.” And, ironically, goodwill is often one of the largest components involved when calculating a business’s final market value.

Approximately 50% of physical therapy practices are known as “onesies” and “twosies.” This means that the practice is owned and operated by one physical therapist that runs one or two clinics. Although this business structure works very well for the physical therapist who owns the business, it also means the marketplace is fragmented, and many therapists are finding it more difficult to go up against big buyers.

If there is one industry that people can feel fairly safe entering, or starting a business in, it is technology. It is no secret that technology has come a long way in just the past 10 years, and that tech experts are only going to continue the upward trend by inventing new and exciting solutions every day. However, technology companies for sale come with some unique issues and if you do not know how to handle them, you could be setting yourself up for failure. Below are the four most common issues you will likely face when purchasing a tech company.

Buying a physical therapy practice can be a lucrative investment and an excellent career opportunity for a physical therapist looking to make it on their own. However, regardless of the financial decisions you have made in your life, acquiring a private practice is a significant undertaking and is likely going to be stressful. The stress of the transaction and inexperience of buyers makes it easy to make any number of mistakes along the way, and any one of those errors could set you back, both financially and in opening your clinic. To help new owners avoid these pitfalls, we’ve gathered and explained some of the most common physical therapy practice mistakes buyers must avoid during their acquisition and ownership transition.

Many certified public accountants (CPAs) end up owning and operating their own private practice. Those who want to own and run their own practice have two options: They can start from scratch by purchasing or renting office space, or they can buy an accounting firm, move in, and start running the business. Both options are attractive and hold many benefits for any CPA. However, we’re of the mind that buying an existing accounting firm is a good idea. Below, we’ll explain some compelling reasons to buy an accounting firm rather than start one up on your own.

Certified public accountants (CPAs) have two choices after earning their degree. They can strike it out on their own, or they can find a firm that is looking for qualified CPAs. The thought of starting your own CPA firm and being in complete control of a business may be too good to pass up for some, and it is true that this option has many benefits.

However, there are also CPA firm challenges that come with being independent, and it is important to understand what those are before you hang up your own sign. Before you put together plans, read our guide to the many challenges that CPA firm owners face when starting a new business.

A quick look at the statistics shows just how many accounting practices are going to be for sale in the next few years. In the United States, 10,000 people will be turning 65 every day for approximately the next 20 years. Additionally, approximately 60% of all CPA firm owners are over the age of 50 and therefore are starting to think about retirement and perhaps selling their firms. This means the competition for CPA firms is going to be aggressive in the coming years. Anyone thinking about selling an accounting practice must avoid certain pitfalls to give them the edge and sell their practice faster.

As experts in private practice sales, we’re intimately familiar with the many accounting practice sale mistakes sellers tend to make. Keep reading to learn the private practice sale mistakes you must avoid for a satisfactory transaction.

In speaking to countless business owners, we know that making the decision to sell your business is difficult. In large part, fear of the unknown can create analysis paralysis and, ultimately, lead to inaction. Yes, there is much that goes into selling a physical therapy practice, but with proper planning, and the right team, most of the heavy lifting will be done for you. With that in mind, we’ll explain two key steps when selling a physical therapy practice: how to value a physical therapy practice and how to identify qualified buyers.