Accountant's Flight Plan
Purchasing an Accounting Firm - Experience Share with Ravi Patel
Jul 18, 2023
Ravi Patel, an experienced accountant, shares his experience of purchasing an accounting firm through Poe Group Advisors. Topics discussed include criteria for purchasing an accounting firm, the importance of full-service bookkeeping, establishing trust in the acquisition process, advice for buying an accounting firm, and maintaining confidence and scaling the business.
21:08
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Quick takeaways
- When purchasing an accounting firm, it is important to look for a practice that aligns with your existing business model and has the potential for growth through offering additional services.
- During the acquisition process, it is crucial to prioritize open and honest communication with staff to assure job security and instill confidence among employees and clients.
Deep dives
Ravi Patel's Background and Decision to Pursue Accounting
Ravi Patel, the founder and CEO of King Grant Financial, shares his journey into the accounting profession. With his father being a CPA, Ravi was exposed to accounting at a young age and pursued a Bachelor's in Accounting. He also attended law school, although he had no intention of practicing law. Ravi's early exposure and educational background contributed to his decision to become a CPA.
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