Acquiring another practice can seem like a sure and quick (if expensive) way to grow a book of business. Practitioners warn, however, that such a move can come with problems. For one: How many of those new clients will stick around?
“If you pay too much up front and don’t retain the clients, you’ve wasted money,” said Scott Kadrlik, a CPA at Meuwissen, Flygare, Kadrlik and Associates in Eden Prairie, Minn.
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