Monday, October 17th, 2022

Starting A New CPA Firm

“All you need is the plan, the road map, and the courage to press on to your destination.” – Earl Nightingale

I occasionally hear from a young CPA who has decided to strike on their own and build an accounting firm. Many people have done it, and I imagine they have been successful. I also imagine there have been several who have failed.

I always urge them to begin building the right infrastructure from the beginning. I call these tasks foundational aspects of a CPA firm. For example, standardized processes and procedures, a basic employee handbook, the most up-to-date technology, a social media plan, etc.

CPA Practice Advisor recently posted an article – 5 Tips When Starting a New Accounting Firm. I hope this will be helpful to those of you dreaming of your very own accounting firm and even those of you who need to improve the one you already have.

The 5 Tips:

  • Create a working budget
  • What’s your niche?
  • Invest in social media
  • Use the right technology
  • Be picky about your clients

Be sure to follow this link to read about each one of these tips.

  • "A good plan today is better than a perfect plan tomorrow."
  • George S. Patton

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