I would pay the extra money for auditing (we did audits every three years, reviews on the other two) and then have a systematic way to insure that the recommendations in the management letter were followed.
Don’t Take A Partner
Do not take a partner. Money will separate you with at least hard feelings, and at the most a law suit. In my case criminal prosecution of my partner.
Don’t Be Hasty
Biggest mistake – Left positions in companies due to frustration with my boss,