Make a Professional Practice Grow

Step 2 of Evolving an Accountant Practice into a ‘Business’ Advisory Business’

Dear Accountant,

Step 2 consider how to keep growing:

In my last post I pointed out that this classic practice structure inhibits growth or dilutes wealth when growth is achieved. Because the options are:

  1. Split equity with a partner.

  2. Keep growing until both out of capacity.

  3. Stop growing.

  4. Or, split equity again.

So my next post will suggest what to do to maintain growth and build capital value …

With kind regards from

Duncan

Founder


This third series of posts reveals the steps needed to progressively evolve a practice into a business advisory business by learning to ‘take its own medicine’ first.
See the overview here https://www.runagood.com/consultancy and if you wish to jump ahead to see what’s coming, ask here or to see what’s already been posted here.

Duncan Collins founded Runagood® to make practical solutions affordable for owner managers via accountancy practices, profitably, by pioneering AI. He has automated the 000’s of consultancy techniques he learned the hard way during 60 years of running, helping, buying, selling one million businesses large and small. Ask him anything, anytime for free at duncan@runagood.com


The ‘Runagood® Business Pathway’ takes any client from start up to exit solving their every ambition and problem along the way.
…via a National Accountant Network.  
 

Evolve your practiceRunagood Ltd