Setting up on my own | AccountingWEB

Setting up on my own

I've been thinking quite a lot recently about quitting my job in a Chartered Accountants and setting up myself in business.  My job is slow and not at all challenging and I've been getting increasingly lazy.


I have already written advertising letters and have a business card design ready.  In addition to this, I have costed the relevant software and I have enough savings in case I don't earn enough for a while.


The main concern I have is that I'm still only part ACCA qualified.  I will continue and can afford to pay for the relevant books/courses/exams etc myself.


I want to offer more than just accountancy/bookkeeping/payroll etc, but business advice too (Which my current employer doesn't).


My question is, have others done this and how have they fared?  Would they recommend it?


Also, for any who have done this, what was the response from your employer knowing you would be in competition?


I'm 24, and have 4 years of practice experience where I complete a job start to finish.  I'm fairly confident, but not an excessive risk taker!


Thanks in advance.

There are 21 comments. Login or register to view them.

It is a while since I set up my practice

ShirleyM |
ShirleyM's picture


ireallyshouldknowthisbut |
ireallyshouldknowthisbut's picture


blok |
blok's picture

Response - ShirleyM

Deranja |

Beware ACCA Guidelines

the_fishmonger |

Qualify first

mr. mischief |
mr. mischief's picture

Thank you

Deranja |

Why not?

petersaxton |
petersaxton's picture

not the answer

mr. mischief |
mr. mischief's picture

this is not the answer - mr. mischief

Deranja |

Find a new job?

BigBadWolf |
BigBadWolf's picture

@Deranja, I think what Mr

ireallyshouldknowthisbut |
ireallyshouldknowthisbut's picture

wait for now

musclefoot |

Great advice above

dbowleracca |
dbowleracca's picture

agree with others

Ding Dong |
Ding Dong's picture

Get a qualification

Nichola Ross Martin |
Nichola Ross Martin's picture

Why won't ACCA let students

accountslady |


ireallyshouldknowthisbut |
ireallyshouldknowthisbut's picture


taxhelpukcom |
taxhelpukcom's picture

Part Qualified!

markrobinson61 |

That's a bit harsh mate, not

luke.hector |