3E Accounting’s Director Abigail Yu Talks Buying and Selling Business with ACCA Magazine
3E Accounting’s Director Abigail Yu was featured in the August issue of ACCA Magazine about how to sell a practice. Abigail has been at the helm of Singapore’s number one accounting firm long enough to know what it takes to effectively sell a business and she shared some valuable insight.
Abigail spoke about the firm’s EasyBuySell platform and the main philosophy behind the development. With the aim of providing a one-stop, safe portal for all, the EasyBuySell platform was created to simplify the selling process. 3E Accounting believes that with the right assistance and tools, the selling process can be a simple and straightforward process.
A Simple, Straightforward Platform For Anyone Who Wants To Buy Or Sell A Business
That is why the EasyBuySell platform was born. A simple, straightforward platform for anyone who wants to buy or sell a business. The platform is an effective, convenient and accessible connection point for the trading of businesses.
The platform is an easy to use platform for all, not just accounting firms alone. A wide range of businesses across various sectors can enjoy the benefits that the platform has to offer. Abigail believes this creates demand for tax, accounting, company incorporation and M&A services, so it serves as a leveraging point to expand our existing client base and bring in new clients.
Businesses have been affected by the pandemic, especially trading of accounting-related businesses in the region. When growth is stagnant, owners will choose to keep the business as a stable source of income. Buyers who are looking for businesses with great potential and growth may turn to other types for their needs.
With the borders reopening, Abigail believes that demand will pick up quickly. Abigail recommends that accountancy firm owners eyeing sales in due course and should use this time to stay ahead, be competitive, and to bring up business revenue figures for a better price.