Generation Gap
Has been reading about buying and selling accountancy practices in the UK and stumbled upon a statement, which is not shocking on it’s own, considering I’ve been attributing it to some of perceived hurdles I’ve experienced myself, however having that black on white makes in a “best practice” document makes it more of “I knew it” moment. Merely a victory nonetheless.
The age profile of clients is extremely important, as clients are generally more comfortable dealing with someone around their own age. A generation gap between the vendor and purchaser may affect the continuity of client fees and thus the purchase consideration.