Building the Premier Accounting Firm Exit Strategy Secrets: Build an Accounting Firm That Sells w/ Len Bruskiewitz
In this episode of Building the Premier Accounting Firm, host Roger Knecht welcomes Len Bruskiewitz, a seasoned business coach and certified exit planning advisor with extensive experience in helping business owners navigate successful transitions. Drawing from his background in tech and business coaching, Len shares invaluable insights about the critical intersection of accounting and exit planning. They explore how accounting professionals can better serve their clients while preparing their own firms for future transitions.
In This Episode:-
Understanding the fundamentals of exit planning
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The role of accounting in business transitions
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Maximizing business value through proper documentation
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Different exit strategies and their implications
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Building sustainable processes for long-term success
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Recognize the importance of exit planning and its impact on business value and legacy.
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Understand how EBITDA and add-backs influence business valuation, irrespective of tax strategies.
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Identify common reasons why business owners avoid exit planning, and how to overcome these hurdles.
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Implement strategies to build a sustainable business with documented processes and a strong client base to increase valuation.
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Explore various exit options: family succession, employee/management buyout, or third-party sale, and weigh their respective pros and cons.
Final Thoughts:
Len's journey from technology to exit planning expertise underscores how accounting professionals must integrate exit planning into their client services, emphasizing its significance for business valuation and post-exit success. The discussion highlights the importance of creating self-sustaining businesses through proper documentation and systems. Thank you for joining us on this episode of Building the Premier Accounting Firm. Connect with our team at 435-344-2060 to learn more about how you can grow your accounting business today.
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