Starting your own firm and going into business for yourself can be exciting, challenging, and rewarding. While being your own boss can have great benefits, it is also a huge step that affects many people, including your family and friends. In order to successfully grow your business, a lot of foresight, planning, discipline, and creativity is needed. Be prepared for some hard work!
While there is sure to be some stress in the early stages of your starting your own business, it certainly can be mitigated by being prepared and not having too many surprises. The Starting Your CPA Practice- Planning Checklist can assist you in ensuring you have considered and are thinking about the major planning areas. Use the checklist of actions that you should consider taking as you get started in the process, with links to both AICPA and SBA tools and resources that may be helpful along the way.
While it doesn’t guarantee success, a solid well thought out plan greatly improves your chances of success and will make your path a little easier to navigate.
Best of luck!