Accountants and CPA’s in business are known to work with clients one-on-one until their work is completed…then, on to the next client.
Not only is this way of doing business painstakingly slow and tedious, but it’s an incredibly long and drawn-out way of building a business.
This way of doing business seems more like a job where you answer to many bosses (read: clients) and where you are not able to make as much money as you truly desire.
Here are 3 ways that You should recognize that you have a practice and not a business:
(1) You can’t go on vacation when you want
(2) Even if you get to go on vacation, your income slows down or, even worse, stops completely!
(3) You only have 1 source of income…working with your clients.
We, wholeheartedly, endorse accountants creating businesses that are set up to bring in multiple streams of income.
With revenue coming in in a variety of ways, you become less stressed, even if you have no one-on-one clients to work with.
You are able to manage your business as a true CEO and most importantly, you can start to create more leverage and more equity AND start to actually have more fun!
At the International Association of Women Accountants in Business, we support and educate female accountants to build sustainable and profitable businesses.
See our many benefits that amount to over $9000 per year!
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