Contemplating the sale of your practice or firm? Seasoned entrepreneur, Clay Blakely candidly shares how he grew his CPA practice and why he and his wife decided to sell. Finding the right buyer is all about fit so we chatted about how Clay was able to establish what he wanted in a buyer and his motivation for a sale. Of course, we can’t talk about selling an accounting firm without reflecting on Clay’s experience with transition.
This podcast touched on:
- Strategic decision-making as a firm owner
- Key points to look for within your firm
- How to determine your motivation for selling
As a former member of the Accounting Practicing Academy, Clay goes deep, sharing how he recognized the benefit of having a clear goal. Looking at his practice the way a buyer would help him see how valuable his firm could be in the marketplace with strategic changes.
If this conversation inspires you to start improving your practice, check out Accounting Practice Academy. We have a workshop that focuses on improving your cashflow to above 50% and reducing your owner hours to under 2,000 annually.
You can listen to the podcast on the player below or watch the latest episode here!
Time stamps:
00:40 – Introduction of Clay
2:12 – Growth before the sale
7:20 – Deciding to sell
13:55 – Going into the sale
20:45 – Transitioning post-sale
35:00 – Where the accounting profession is headed
Clay and his wife are now enjoying some much deserved time off from the tax and accounting world with their 3 children in the Calgary area!
