Patrick is a 3-time firm owner who has tripled firm revenue with a non-CPA background. Are you a firm owner who is considering selling your practice? Maybe you are you a potential buyer that’s looking to acquire your first business? Then you do not want to miss the opportunity to learn how Patrick Dichter leveraged his non-CPA background to acquire and grow 3 CPA firms. On this episode of Accountant’s Flight Plan, Patrick shares his top 4 reasons why CPA firm owners should consider a non-CPA buyer. Patrick and I even discuss both the bad and good surprises to expect as a buyer, with a non-traditional CPA background.
This podcast touched on:
- How a new, non-CPA buyer should assess their staff
- What sellers should consider when engaging with a non-CPA buyer
- What industries do non-CPA buyers have backgrounds in
- Organically growing your new CPA firm successfully
- The good and bad surprises new CPA firm buyers should expect
When considering which accounting firm to buy, or who to sell your CPA firm to, ultimately you should consider if you or the new buyer will be able to focus on the practice and not get too pulled into the weeds. This has been Patrick’s method to success in acquiring CPA firms.
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!
00:35 – Introduction
04:48 – How to assess a firm’s staff
09:22 – Considering a non-CPA buyer
17:20 – Prepare your CPA Firm for a Sale
19:08 – Backgrounds of non-CPA buyers
22:50 – Addressing the team as a new buyer
22:48 – Best practices for organic growth
30:19 – Surprises as a new firm buyer