Third of accountants are 'frustrated entrepreneurs' | AccountingWEB

Third of accountants are 'frustrated entrepreneurs'

Almost a third of accountants dreamed of becoming an entrepreneur before beginning their training, new research claims.

Running their own business was the most popular pre-qualification career dream among accountants polled by recruitment specialists Careers in Audit, ahead of being a lawyer cited by 22% of respondents.

Another 14% wanted to be a sports star, while 3% had visions of taking to the skies as a pilot.


» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.


I am still a frustrated entrepreneur

Anonymous | | Permalink

I am one of those who has always dreamed of being an entrepreneur and set up my accountancy practice 8 years ago (at 27) as a way to achive it.

The profession however beats entrepreneurship out of you!

At all levels I have operated at (and I have been at a final four, a top 50 and a regional independent) the procedural nonsence that must be followed and adhered to really does not foster a spirt of "lets get things done"

Indeed, so fed up have I become with the mind set of accountancy that I am about to leave it completely (with a big cheque for the practice I have sold tucked away in my bank account) to look for something new.

What I am going to do I do not know, but there has to be something more than what I have seen within accountancy for this frustrated entrepreneur

It could be worse!

Anonymous | | Permalink

Thank God the country is not run by accountants. However, lawyers are just as bad - they take instructions rather than make decisions.

Entrepreneurial advice

dan06 | | Permalink

E-Myth, BusinessZone, AccountingWEB's sister website for start-ups and small businesses, may be able to help you. Log onto

Among the features available is BusinessZone Grant Watch, which provides a round-up of the funding available for entrepreneurs looking to start and grow a small business. The service launches on 13 April.

Dan Martin

dahowlett's picture


dahowlett | | Permalink

The original article is a great puff piece but whomever they've spoken t gets that kind of dream knocked out of them within 5 years of qualifying, for which see:
There's a world of a difference between running a steady state service business and wrestling with the complexities of modern business. I know very few professionals who have successfully made the transition.

You could always argue that Mike Rake is a shining example but he's in a different league to most others.

There is very little in professional training or practice that equips the accountant to succeed in business. How many for example can help a clietn beyind telling them how to manage cash flow. Do we for example have any concept of value - as in value pricing?

Just a few thoughts.

Surely setting up your own practice is entrepreneurial?

Taxi | | Permalink

Or did I miss something there?

I think the article is just referring to accountants who work for big firms in audit by the sounds of it.

iamcubs's picture

Good Article

iamcubs | | Permalink

Being a frustrated entrepreneur is depends on you on how to make it positive or negative but what good in it is to be a optimistic. Please check this out!

get soundcloud services