Remember how long it took you to build your business, develop client relationships and forge your reputation? To protect all that hard work, the experts advise planning for succession at least five years in advance.
Creating the right salary when hiring new accounting recruits means walking a tightrope. Pay too little and you risk losing your preferred candidate, but pay too much and you risk attracting those motivated mostly by money. Worse, you could undermine existing employees critical to the success of your business.