Brief background, I am the sole provider, married with 2 kids (ages 8 and 6) I have a CPA with 7 years accounting experience. My experience includes 2.5 years of small Business and Personal Tax (5 years ago) and 5 years of industry (Inventory, Real Estate). For that last 5 years I have done taxes for friends and family only. I recently found out that my current industry job will be eliminated in August due to our largest client going elsewhere. Deep down I have always wanted to open my own firm working with Small Businesses and delivering relevant business analytics, but I am scared. I am scared because I must provide not only an income but health insurance for my family. I have equivalent to a years’ worth of expenses (including Health Insurance) saved up.
I guess my questions are?
Am I crazy to think with the experience I have that it is enough to do this?
If you had fears, how did you face them when you started?
Again, thanks in advance.