Mark Lee shares the story of ‘Leonard’ who has realised his start-up practice needs a partner. What about you?
When you started up in practice what options did you consider? And have you reconsidered the choice you made since starting up by yourself?
I was talking to an old friend recently and he was telling me about the accountancy practice he had started a few years back. Leonard (not his real name) is a sole practitioner and is supported by a couple of contractors. One is largely bookkeeping and accounts-focused. The other looks after clients’ tax affairs.
Leonard had called me because he is trying to decide how to move the practice forward. In fact his choices now are the same as when he started. And like most new practices he didn’t really think through his options at the outset...
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- The traditional approach
- Starting as partnership
- Business support
- The options
- A good mix of skills