Are you a CA, who is thinking of leaving his corporate job so you can start your own firm?

Cover Image of  Are you a CA, who is thinking of leaving his corporate job so you can start your own firm?

Here are a few things that you should know:

- If you provide only compliance services to your clients, you won’t earn more than 8 to 9 lakhs in revenue.

- Reaching there would also take more than a couple of years.

- You’ll be working at your startup for more than 10 hours a day.

This much money can easily be earned through any job where you don’t have to work for 10+ hours and the level of uncertainty is also quite low.

However, does that mean starting up a CA firm in 2023 is a stupid idea? Not exactly!!

CA firms are still earning in crores even the newer ones. Because they do not limit themselves to compliance services only and offer a wide range of services like strategic advisory, financial guidance, risk management, and whatnot!

If you want to be like them, here 5 fixes you need today as an entrepreneur:

👉 Change your mindset, and accept that the role of a CA in a company has changed a lot.

👉 Learn new skills and technologies that can help you provide better solutions to your clients. 

👉 Network with other professionals and potential clients who can benefit from your expertise. 

👉 Diversify your client portfolio and target different industries and sectors. 

👉 Invest in marketing and branding yourself as a CA firm that offers more than just compliance services. 

These are some of the fixes that you need to implement today if you want to start a successful CA firm in 2023. 

Remember, the world is changing fast and so are the expectations of your clients. You need to adapt and evolve with the times if you want to survive and thrive as a CA entrepreneur.