When accounting firms look to sell their business, it is essential to profile and prepare the business ready for a sale, from the critical financial data to softer information about management structure, client base and staffing splits, advises Keith Underwood, managing director of merger experts Foulger Underwood
The darkest place is under the candlestick. I was reminded of this old proverb when looking through some of our current assignments. Seeking clarification on the origins of the proverb I found the following explanation: ‘Information on certain things that happen in an organisation may not reach the office of the person in charge of the organisation, thus the information may be known by all the employees, but not the person in charge’. How relevant this seemed to some of our current assignments.
There is a distinct move towards the greater empowerment of many practice employees, not just management levels.
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