Thinking about opening a certified general accountants business? We tell you what you need to know to get started.
(article continues below)
Writing a Business Plan for a Certified General Accountants Business
Does your certified general accountants business have a business plan? If not, your company is lacking a critical business tool. If you have invested time and effort in its creation, your certified general accountants company's business plan will serve as a blueprint for success.
To assist your efforts, you may want to consider enlisting the aid of a professional business plan writer.
Time and time again, the best entrepreneurs we see rely on professionally crafted plans to guide their decision making. However, outsourcing doesn't completely eliminate your responsibilities in the writing process.
As the primary stakeholder in your certified general accountants business, you will intentionally need to insert yourself in various stages of the plan's development.
Take a Look at Competitors
Well in advance of opening a certified general accountants business in your town, it's worthwhile to see what the competition looks like. Try our link below to get a list of local competitors in your city. Just enter your city, state and zip code to get a list of certified general accountants businesses in your community.
Gain a knowledge of how existing firms have positioned themselves in the marketplace, and then design your business in a way that sets you apart from the others.
Getting Advice from Experienced Entrepreneurs
If you want to open a certified general accountants business be sure to learn from folks who are already in business. If you think owners of nearby certified general accountants businesses will give you advice, think again. Why would they want to educate a future competitor?
Thankfully, an owner of a a certified general accountants business in another town may be more than happy to give you a few tips, given that you don't compete with them in their area. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
Where can you find a certified general accountants business entrepreneur in another community?
Here's one way to do it. Just use our link below, find somebody and call them.
Should You Buy or Start a Certified General Accountants Business?
Tough decisions are what business ownership is all about. And one of the first decisions you'll have to make is whether to start a business from scratch or buy an existing certified general accountants business.
In general, purchased certified general accountants businesses fare better than startups, at least during the initial few years. When you buy an established certified general accountants business, you gain access to a functional business operation with a customer base and a steady revenue stream.
Entrepreneurs who are committed to a highly unique value proposition may need to pursue a startup approach. But whenever possible, we recommend carefully surveying the business-for-sale marketplace before committing to a startup approach.
Consider Buying a Canadian Accounting Franchise
You should know that your odds of surviving in business immediately improve when you franchise and benefit from the prior work of others and their lessons learned.
Before you get too far along in your plan to open a CGA practice in Canada, it's worthwhile to determine whether buying an accounting franchise could help you avoid common entrepreneurial mistakes.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you.
Trade Associations for Certified General Accountants
If you aspire to own your own CGA practice, we recommend you join the Certified General Accountants Association of Canada. They define professional standards for Canadian accountants and offer a mandatory continuing professional development program.
They may also be able to offer you advice on how to start and grow an accounting practice.
These additional resources regarding starting a business may be of interest to you.
If you currently own a certified general accountants business, these resources will come in handy:
If you came here to learn about selling to certified general accountants businesses, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.