75 percent of today’s CPAs will be retiring in the next 15 years. This staggering number of retirees creates tremendous competition for proactive owners looking to sell their businesses or find a CPA to succeed them.
Postlethwaite & Netterville, a firm based in Baton Rouge, La., has selected one of its directors, Dan Gardiner, as its next CEO and managing director in May 2018, succeeding the current CEO, Bill Balhoff.
While best known for the unsubstantiated tale about a falling apple that led to his theory of gravity, Sir Isaac Newton’s three laws of motion have withstood the test of time. These principles have remarkable applicability to modern-day accounting firm mergers.
Your firm was knocking the cover off the ball pre-financial crisis (circa 2007 and 2008) with a strategy of getting bigger with quality growth, stronger with quality talent, and more profitable, but it is increasingly obvious that it has become difficult competing in today’s mid-market space.