When you pass the CPA exam you get more than a license to practice accounting. You gain the freedom to open your own CPA firm. What that looks like is flexible depending on your desires. You may want to work out of your home, open a store front, work alone, hire employees, or even take on partners. However you decided to do it, some basic tips can help you get started.
Build a Clientele
The best way to do this is to work under another accountant for a while. If you work for a business that is already established you are more likely to have clients come to you, and if you offer excellent customer service, they may go with you when you branch out on your own. If you choose to start on your own, working from home while you build your client base is a great way to keep overhead costs low in the meantime. When it is time to seek financing for CPAs, you will have a better shot if you already have clients.
Offer Services on Retainer
By offering services on retainer you are guaranteed a steady flow of income each month. Some months you may work more than you are being paid for, but other months will likely be much less. This steady flow of income can help your CPA business meet obligations during the slow times.
Research Government Financing Options
If you are a woman business owner, a minority, a veteran, or working out of a rural area, government loans may be an option. The SBA and/or a community small business center have information on these.
When you are ready to seek financing, Biz2Credit is your one stop shop. You can tap in to our network of lenders, zeroing in on the ones that have financing to specifically fit your needs. This include small business loans, government guaranteed loans, lines of credit, and more. Visit Biz2Credit.com or call (800) 200-5678 to get started today.