Why Work In Midsized Public Firms?

John BlyCPA, CVA, CM&AA, CGMA

www.LBAHS.com

WHO AM I?

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JOHN BLY CPA, CVA, CM&AA, CGMASeries 7 & 66 LicensesBryant University: 2001, BSBA Acct & CISUniversity of Denver: 2002, MSTPrice Waterhouse Cooper: 2002-2005LBA Haynes Strand, PLLC: Founder & Co-Managing

PartnerM&A Experience: Speaker & Author of “Cracking the

Code”

LBA HAYNES STRAND, PLLCFocused on $1-50M Entrepreneurial Businesses & Their Financial Needs

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• Services– Tax: Individual, Business, Estate– Audit: Non-Public Companies– Internal Audit– Outsourced Accounting– M&A– Business Valuations– Investment Banking– Wealth Management

• Size– 72 employees

• Locations– Matthews, NC– Mount Airy, NC– Greensboro, NC

CPA FIRMS IN THE U.S.

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• 44,000 in the United States• 33,000 are sole practitioners• Less than 500 have more than 60 employees

LIFE OF A MIDSIZED PARTNER

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• Client-focused

• Decision-making Authority

• Entrepreneurial

• Business Development

• Compensation Range $250-550K

• Life/Work Balance Freedom

FLEXIBILITY

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• Freedom

• Don’t have to move familyA lot of firms expect you tomove in order to work yourway up.

• No extensive travel

RELATIONSHIP W/ THE CLIENT

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• Develop a real friendshipTrust, Loyalty, Referrals

• See the actual effects on the businessGrowth

• Contact at early stage of career

Marketing & Business Development

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• Gain a better grasp on how small businesses run

• Opportunity to build from the ground up

SYSTEMS & PROCESSES

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• Input

• Feedback

• Development

DEVELOP YOUR SKILLS

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• Wider range of tasks available

• Work on Audit, Tax, & Accounting

• Bigger firms want you to stick to your expertise or

specific skill path

• Encouraged to work/see different fields

• Partner Contact

ACCESS

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• Access to key decision makers at the firm level– Partners– Managers– Directors

Significantly Entrepreneurial

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