Please ensure Javascript is enabled for purposes of website accessibility
September 25, 2023

When Is the Right Time to Start Your Own Accounting Firm?

Every once in awhile we like to discuss the prospect of accounting firm startups. That is, which of you will be the ones to strike out on your own or with a co-founder to build your own firm from scratch.
When we’ve discussed starting a new accounting firm in the past, many people admit that it’s not for them, that they got into accounting for the job security. 
It's February, so you may be looking around, growing restless, watching your firms struggle with technology, get bogged down by bureaucracy and generally just suck at being a good place to work. Sure, you could look for a new job post-busy season but if your frustration runs deeper than a crappy raise or working long hours for the man, you shouldn’t dismiss the idea of running your own firm.
But there are lots of questions around starting up an accounting firm, chief among them — WHEN?
Experience is an important factor in building your professional knowledge but you can always say, “I need more experience before I go out on my own.” 
Maybe that’s as few 5 years or maybe it’s as many as 10 or more. Or does it matter? If you’re really itching to start your own firm, will you ever truly be comfortable with your experience level? Should you just jump in and figure it out?
If you’ve already made the leap, how much experience did you have? For those thinking about hanging the shingle, how do you feel about the issue? 

Latest Accounting Jobs--Apply Now:

Have something to add to this story? Give us a shout by email, Twitter, or text/call the tipline at 202-505-8885. As always, all tips are anonymous.

Comments are closed.

Related articles

integrate remote workers

How to Be Part of the Team, Even When Working Remotely

Does remote working make you feel like a faceless drone, beaming work from a distant planet across satellites to unseen robotic clients? Cloud accounting doesn’t have to look like this. In fact, it can’t look like this if businesses want to stay competitive and ahead of the curve. As more companies begin to rely on […]