An accountancy, bookkeeping or tax advisory practice is just like any other business. Just as you would advise a client, before you start on your practice journey you should have a plan.
If you don’t know where you’re going, any road will get you there – Lewis Carroll
Everyone setting out on the journey of setting up a practice will be at different starting points.
You’ll have different:
- Backgrounds
- Experience
- Knowledge
- Objectives, goals, aims and ambitions along with the reason why you are starting a practice
- Client base – none, some or several clients already
There is no “one size fits all” starting position, plan or approach to your practice. During the preparation of your business plan you may find a number of areas where you feel out of your depth or feel that your skills need to be supplemented. This is entirely normal. It would be very unusual for one person to have the skills, knowledge and expertise across all of the business plan areas.
Identifying your strengths and weaknesses (see SWOT analysis) is vital. Playing to your strengths and freeing up funds to bring in the necessary skills and resources to supplement your weaknesses is common sense and a strategy which should pave the way to success.
The key is to avoid comparing yourself to others and move your focus to making sure that you know what you want, where you are and what you need to do to get you to where you want to be.
This course guides you through producing a business plan tailored for your practice.
This course should take about 20 minutes of reading plus 80 minutes on the task giving verified CPD time of 100 minutes on completion.
To find out more and to purchase the course just click on the image below.
All of our courses are hosted on our Learning Management System Thinkific.