Any CPAs out there that decided to buy and run a business? Curious if my theory that after advising businesses how to run efficiently and effectively, that I could fairly easily deploy this experience in an existing business. Obviously I'm not ignorant that there will be obstacles to overcome but ultimately think it would be successful. For added context, I have an MBA, have focused of business development so understand sales and dealing with customers.

Thoughts welcome!

like
Posting as :
works at
You are currently posting as works at

I’m planning to do the same thing, CPA and investment banking pre business school. Strategy consulting post business school.

like

How will you find the funding to buy?

like

Thanks!

Read Buy Then Build it’s a great book and talks about how to do what you’re trying to do

like

It really depends on what type of business you are looking to buy. For example, running a small manufacturing business really isn’t rocket science. A lot of it is a matter of keeping a healthy sales pipeline, maintaining a capable and qualified workforce, keep good vendor relationships, have a good accounting staff, be transparent with your employees and communicate effectively, and have a good CPA firm to handle things.

It starts to get more complicated when you cross the $30MM mark, >50 employees, or try to start some big transformation growth initiative.

Having big firm experience can be great, but it is also a major adjustment. The pace is much faster than in a small business and if you can’t adjust to the slower pace, it won’t work.

Solid summary and completely agree with the change of pace. I think I could handle the slow down but also use it to my advantage by doing other work on top of the business itself.
I think the key would be to find a business with a solid manager in place and keep this person happy with growth opportunity as the business profits, they would profit.

How would you go about finding something?

Thanks a lot! This has been really interesting - definitely something I want to do but didn’t know where to start

Related Posts

Looking to return to singapore from the us. Spent the last 10 years consulting in the us - 4 with ibm and 6 with slalom. Any tips on which firms to target or avoid, based on prospects and culture?

like

My background is in tech transactional. I joined a cybersecurity SaaS startup at the end of last year and now also handle more generalist matters in addition to all things commercial-related. I have a number of books on contracts that I’ve found super helpful over the years (The Tech Contracts Handbook, A Manual of Style for Contract Drafting, Sign Here, etc.). Can anyone recommend books they’ve found helpful for L&E matters, privacy matters, product matters, or marketing/advertising matters?

like

Hi fishes, can you please help me with the years of experience required for a consultant role in KGS?

like

Hi all! Has anyone done a pre-MBA externship after getting GSAP and was up for promo at the same time? Curious if I would need to wait until my promotion is effective before leaving early. I reached out internally as well to check but figured I would ask this group as well

like

Being promoted to Director of Sales Development at my current company. Based in Toronto.

My base is being bumped from 110 to 125, and OTE for another 50 up from 35 CAD.

I personally know a few SDR managers that make more. Am I being lowballed? I don’t want to come off as sounding ungrateful for the promotion.

like

1st year post-mba realizing a meaningful part of the job is saying you were wrong without actually admitting fault or saying that you’re wrong lol. My go-to euphemisms enclosed. Let me know yours :)

like

What are placement levels like at Top MBA programs from PE Ops? Is it more in line with MBB or would a two year stint in PE ops boost your application significantly

like

Can anybody share some advice on how to get an attorney job overseas? What resources are available for American attorneys considering a move internationally? I’ve been out of school for a few years now and have government as well as big law experience in antitrust and data privacy. I would consider a change in practice, government work, or NGO work.

like

How hard is it to switch from IT m&a to business m&a (i.e., what financial modeling skills do you need? Is it easy to pick up from YouTube?)

like

New to IT B2B marketing. Any advice on how to educate myself with IT? Any classes, books, etc. that you recommend?

like

I am A2 in PwC AC Bangalore in Management consulting - I want to shift to US office due to some reasons. Can anyone please elaborate the intercompany transfer / internal rotation process? Like where to apply? what are the requirements?

likefunny

If some was promoted via requisition then how many months later can he/she get the next promotion?

like

Hi Fishes,

I am located at Hyderabad and have 2offers as a scrum master with PSM certification
1. ExpeloGroup lpa23 with 10% variable -- location Chennai (remote till covid)
2. Wallero lpa25 with no variable -- location Hyd (remote till covid)

Please help me take decision, which I need to accept by considering work life balance.

I had two interviews last week at good PI firms. Hopefully I will finally get out of ID for 2023. I’m so done with it. I know plaintiffs work has its own challenges but I’m so over the tedious time entries and clients cutting my time and micromanaging my every decision. Anyone else made the move out of ID, to PI or something else? How’s it going?

like

Natwest group As QA with 11 yrs exp I m verbally offered AVP role in NW markets. Is it good? How much ctc can they offer me for this role? Also is it tough to get promoted to next level from AVP role in Natwest?
Pls rply

like

One of the reasons I want to transition from industry to consulting (tier 1) is that I get frustrated when I have to collaborate with mediocre people. My assumption is that Tier 1 consulting firms hire really sharp people and if I can get in, I’ll be collaborating with folks on top of their game (not expecting much from clients). I’m aware there are personal aspects I need to work on like my mindset, patience etc etc, but I just get so frustrated with blatant stupidity.

likefunny

What do you wish you knew before starting your career in Diversity & Inclusion?

like

Hi Everyone

My younger brother is in final year BE,
He wants to pursue data science, please suggest any best place to learn n do internship.

Thanks in advance

like

Should I opt for online 2 yrs MBA from DY patil university? It is good or should I look for alternative. I am getting alot of calls from them. Please suggest. I have around 3 yrs experience in IT.

like

More Posts

Thoughts on Wilson Sonsini LA office? Interested in retooling from m&a. Anything about culture, the work, people?

like

Whoah! A rare CD opening at Apple! I’m totally gonna send my...oh, wait...stupid dyslexia!!

Post Photo
funnylike

#LTIMINDTREE SAP Drive on 10th Dec
Dm your Emailid and jobcode to register.

Post Photo
like

Hi Kolkata folks,

Anybody with virtual ID card, could you please tell me how to get one?

Cause the portal says "PDF sent" but didn't receive any such mails or can't even download from the website.


Thanks in advance!

like

My company is looking for a new CFO (my would be boss) and I may have an opportunity to interview him/her. What questions should I ask ?

Are you tired of the agency life?

like

Is it ever actually a problem for engineers in other parts of the world that US measurements are done in the imperial system?

like

Roommate and I were debating this: How many people here eat a square breakfast regularly?

like

What's a Restaurant General Manager salary in South New Jersey?

Attractiveness is 90% of what makes a guy initially interested in a woman, and is a huge signifier of whether he’ll commit

likefunny

Hi, I am living in pg near gtp office whose rent is very high. So searching for a single sharing room in a 2bhk flat or in a good pg with decent rent. So is there anyone searching for female roommate near gtp Kormangala or do anyone living in good pg with decent rent. Please DM me. Also searching for some North indian friends to hang out.

like

Guys, does Barclays have any projects which works in Power Platform technology ( Power Apps, Power Automate, etc)??

I need a referal

like

We’re losing employees, understandably so, because of how customers behave. That means longer wait times for support which makes customers even angrier. What happens when there is no one left to do the job?

like

Can we go to any other Capgemini office temporarily if our base officer location is different.

like

I do prosecution and am looking to lateral. Does anyone have recommendations on firms to consider, or ones to avoid? I’m flexible on location.

like

First year associate thinking about making the just from medium sized reputable IP firm to In House. Started at said firm summer of 1L year as a law clerk/patent agent in May 2019, have worked through school and full time as associate since Sept 2021. Feeling very “stuck” in day to day work. Love the patent/IP space but drafting and pros w/minimal human interaction is getting very difficult. Thinking In House would be better, but not sure how much experience needed. Thoughts?

like

Taking the patent bar in a week and it’s been so tough studying while working. I’m so behind in my hours this month, and my firm (midlaw, IP only) was pretty clear that they expect my hours to stay on track this month regardless of the exam. I don’t know how I’m going to get through this week and then make it through 6 hours of testing. Please tell me the afternoon session is easier than the morning session, like some others have said 🙏🏽

like

So what do you guys do at happy hours to make them more interesting? What do you drink? I find them boring because it’s not networking with new people and I’m sick of water or sprite.

like

Any fish in SF

Additional Posts in Startups and Entrepreneurship

like

How do vesting schedules typically work for LLCs giving interest to an advisor?

like

What do people recommend for start-up relevant marketing resources/books/personalities/podcasts?
I have a lot of enterprise marketing experience, but making a jump to a startup and want to get up to speed as quickly as possible.

like

Does anyone have any experience with B2B buy now pay later? While I understand number of SMEs and volume of online transactions are important drivers, keen to hear different perspectives incase I’ve missed anything vital.

like

Is anyone currently engaged in or knowledgeable about health care consultancy? I am looking to start a consulting business anchored around healthcare quality on the clinical side.

like

What’s a profound way to start a business? The desire to make social and economic impact? Or personal wealth? What should be the main driving factor? I’m curious what your guys’ thoughts and opinions are on this. Feel free to drop a comment :)

like

Friends, need some feedback on an idea:

I’m thinking of starting a podcast interviewing leaders at startups about their experience with specific challenges - I know, cliche, get a more original hobby, etc.

Not looking for the narrative arc of How I Built This or Masters of Scale. Instead, looking to uncover specific problems faced by companies that tried something new for the first time. What did they not see coming, how did they adapt and measure, etc.

What are your thoughts on this format?

like

Recommendations on the best podcast, book, or other medium to learn more about “entrepreneurship through acquisition”?

like

I recently moved to US from Georgia, I have team of developers and project manager in Georgia who are able to work remotely. Big advantage of this type of team is salary per hour because its quite low in Georgia rather than US. Because Im new here I dont have connections with businesses in this field, where can I find cofounders like this who will be interested in software development and finding clients for this team?

like

Anyone here into buying distressed commercial debt from banks and collecting on it or selling the assets?

like

New to startup ecosystem. What are some resources, books, podcasts that help you along the way? Are there any communities you interact with regularly on Reddit/discord/meetup?

like

Is it worth it to do pitch competitions, accelerators and cohorts?

like

Hey! I have applied to an entry level investment associate in a venture capital firm in my country. As part of the process they will send me some real pitch decks and I will need to do 1-pager investment thesis for each one. I have never done that in the past. Can you please guide me? Is there a template or format I should use? Tips & things to be mindful of will be extremely helpful!

like

I'm looking for some 6+ Figure Entrepreneurs to Interview.

I need some AMAZING and PASSIONATE guests for my podcast!🎙

like

Hello,

We are starting a candle company from scratch in Europe.
My questions to you are :
What is important for you to buy a candle?(Price, scent, design)
What design do you like? (Simple, Colourful, Natural)
What would be your tips/feedback when starting a candle company?

Kind regards,

Timothé

like

How do I protect my IP/startup idea when I am pitching to recruit co-founders and investors? Like an NDA?? Or is there always a risk that someone might swipe it

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal