The polarization of PE in the accounting industry sparks outrage almost daily. But should it?
When I was in my 20s, after a job interview, I called my mentor with doubts about whether I wanted the position. His advice stuck with me for 30 years:
“Don’t turn down the job until you get the offer.”
That same mindset applies to the accounting industry today: Don’t turn down the offer until you get it.
There are multiple ways firms transition:
All these tracks have one thing in common: you need to have something worth selling, and someone has to want to buy it.
It starts with having a profitable, cash flow positive business with strong bench strength — easier said than done.
Some Renew metrics to consider (we don’t trade in fluff):
There’s no such thing as a “lifestyle practice.” You should generate profit as you go. Don’t assume someone will show up at the end to set you up for life.
Before you dismiss any potential offer, create a firm that someone truly wants to buy.
If your numbers aren’t where they need to be then keep at it (we can also help – you’re welcome to schedule a call to discuss). Renew has significant experience in helping firms transition. Discover more about our structured approach on our website.
