I'd like to start my own practice but before I do I'd like to carry out some research to see if it has "legs" so to speak.
The practice I worked mostly had local clients, they didn't have a far reaching niche.
Did you do any research when choosing your location, or did you setup in your home town, nearest city?
It's not ideal to set up far away from your home but also not sure I want to set up in the village I live in either. Some separation is always good right?
There are a few towns, cities and villages within easy commuting distance. At the moment I'm looking at local populations, number of registered companies and the number of accountants operating in the area. I know this is basic so but if there are more robust statistics I can use I'm all ears.
I seem to recall around 18% of people have to submit a tax return, obviously not all these use an accountant. I can't find any stats on how many use an accountant or not.
It would be great to hear your stories and if you have any useful stats about the market or your practice you are willing to share.