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
About Mark Lee
Mark Lee works almost exclusively with savvy sole practitioners who want more out of their practice. More clients, more money, more time, more satisfaction - or everything!
An accountant by profession, Mark moved away from the provision of professional advice in 2006. He is now a professional speaker, mentor, facilitator, author and debunker.
Mark Lee is a realist and regularly debunks myths and hype related to his areas of interest and expertise. His keynote talk for audiences of accountants is How to STAND OUT and be more than 'just another accountant'.
Mark is passionate about helping accountants generally so is a keen blogger and commentator in the accounting and tax press. He is consultant practice editor of AccountingWEB and has written hudnreds of articles here that have been viewed over a million times.
Check out how he could help you here: www.BookMarkLee.co.uk/savvy
Mark stopped giving tax advice himself despite being a past Chairman of the Chartered Accountants’ Tax Faculty. He is however Chairman of the Tax Advice Network - the UK's highest ranked lead generation website for tax advisers and accountants. The network also publishes a weekly practical tax update for accountants in general practice and full tax support, on demand too. You can also use it as a lead generation resource for local people seeking tax advice from an accountant.