Plus: Making the math work.
By Marc Rosenberg
Retirements & Buyouts
Why are CPA firms deficient at succession planning?
It is abundantly clear that CPA firms have succession planning challenges. Partners overwhelmingly prefer the exit strategy of passing on the firm to younger partners vs. merging out of existence. But history shows that the vast majority fail at moving their firms into the next generation. What holds them back?
The answer lies in the classic Pogo cartoon line: “We’ve seen the enemy and the enemy is us.”
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