Owning your own practice - start-up or buy-in?
If you’ve dreamed of running your own accountancy practice there are a couple of paths you could go down.
Should you set up from scratch, establish your own ‘brand’ and build a fresh business or should you opt for the ‘ready-made’ route and buy out an existing practice?
Starting your own business is cheaper and may certainly feel more rewarding to some but it is also risky in that you are heading into uncharted territory and challenging yourself not only to be an accountant, but also someone who has the entrepreneurial skills to build a business from the bottom up. Developing your client base can be hard work.