Anonymous for obvious reasons.
I have a practice in a high-demand area that's profitable but I'm getting older. I don't want to sell my practice to some shark who'll have their pick of my best clients and drive away the weaker ones, so that I'll end up getting a pittance for what I've built up over the years.
Is there a case for bringing in a younger partner to gradually take over most of the business while keeping me on for 3-4 years? Or maybe this is just me being hopeful.
If so, how would I go about finding the ideal person? They'd be an accountant with practising certificate but without an existing practice behind them.
What options (other than selling to a shark) would I have?
Has anyone heard a similar story of exiting in a graceful way?