I am still in the process of reading the book, but I couldn't help myself from joining this forum as well.
I am currently an Accountant, primarily small business and tax, and work at an accounting firm.
My plan is by the end of the summer is to start my own accounting practice. I know I would still be selling my time, but it is scalable in the fact that once you generate enough billable hours you can hire someone to take on that work.
The second reason is having the accounting practice will allow me to generate a higher income level which in turn can be leveraged into real estate investments.
Lastly, an accounting practice can be sold. Usually the practice can for at least the annual billings, which is usually sold by way of vendor financing over 2-3 years.
What do you guys think? An accounting practice is a low cost way to get myself into the entrepreneurial spirit. Also since I will be dealing with small businesses maybe a great idea will literally fall into my lap.
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