6-May-2021 9:57am
I've always thought public accounting was too hard a job not to be in ownership...
6-May-2021 10:39am
6-May-2021 10:48am
or you are leading them on or letting them continue to believe, erroneously, that there is a spot.
6-May-2021 11:23am
6-May-2021 11:31am
6-May-2021 11:33am
ReckedCPAEA wrote:Judging by the W2s I see for people in the CFP industry, if I had to do it all over again I would have went that route.
6-May-2021 4:09pm
6-May-2021 6:58pm
2) Those who are driven, but don't have what it takes to be in the ownership role
7-May-2021 6:27am
Wiles wrote:2) Those who are driven, but don't have what it takes to be in the ownership role
Can we explore this group? Give some examples of what it means to not 'have what it takes', while at the same time being driven.
7-May-2021 7:37am
7-May-2021 8:52am
ATSMAN wrote:Someone charging $300/hr for a 1040 return is not a guarantee that it is any better or accurate than a $350 return.
7-May-2021 9:01am
Wiles wrote:2) Those who are driven, but don't have what it takes to be in the ownership role
Can we explore this group? Give some examples of what it means to not 'have what it takes', while at the same time being driven.
7-May-2021 9:13am
7-May-2021 11:06am
Wiles wrote:Thanks. I had interpreted "driven" more widely. Someone that has embraced what we do as a profession and not just a job. They invest in themselves through education and obtain their CPA or EA. They read trade journals and do research on their own time. Etc...
It would seem somebody like this has 50% of what it takes. Throw in the desire to accept the commitments required to be an owner - hard work, long hours, sacrifices, risks - and they are now at 100% of what it takes.
CaptCook wrote:What I've seen hold people back is usually risk-aversion.
7-May-2021 11:21am
Wiles wrote:2) Those who are driven, but don't have what it takes to be in the ownership role
Can we explore this group? Give some examples of what it means to not 'have what it takes', while at the same time being driven.
8-May-2021 7:30am
8-May-2021 10:56am
8-May-2021 1:21pm
8-May-2021 1:31pm
MWEA wrote:I would love to find someone competent on the compliance end with at least a few years experience and credentials (CPA or EA), but someone that could grow into managing the two other staff/operations over time.
My initial thought was around 70-ish plus benefits to start, then grow it as they take more responsibility/business grows to a six figure position. I would have no interest in sharing equity, but wouldn’t have a problem bonusing based on profitability.
If I’m reading this thread correctly, this will be a tough profile to find without pressure to give up equity in the future?
8-May-2021 1:32pm
MWEA wrote:If I’m reading this thread correctly, this will be a tough profile to find without pressure to give up equity in the future?