Description

What will it take to sell your accounting firm? 

In this episode of Accounting for Innovation, Jody Padar—the Radical CPA—shares her personal and professional journey of selling her cloud-based accounting firm. Jody discusses the emotional complexities, the importance of aligning values with the acquiring firm, and the critical steps she took to prepare her firm for acquisition. 

In this episode, we cover:

• The emotional aspect of selling a firm and its impact on the owner
• Importance of aligning values with the acquiring firm
• Jody's journey of building a cloud-based, innovative accounting firm since 2010
• The process of getting courted by top firms and the decision-making involved
• The significance of having a good advisor and the role of the network
• Practical tips for preparing a firm for sale
• Experiences of negotiations and aligning with potential buyers
• Lessons learned about maintaining firm culture and ensuring team fit during and after the acquisition

Read more about Jody's deal that failed prior to her acquisition in this article she wrote for Accounting Today:

https://www.accountingtoday.com/opinion/the-feeling-side-of-accounting-firm-m-a

This episode is brought to you by Decimal and the Radical CPA.