Hi Everybody,
I wanted to get opinions and comments on the next steps I plan to make in my life / career. I've posted here only a handful of times. I've been more of a lurker than anything. MJ may recall some of my journey when I first joined the Fastlane.
Let me give you some quick background:
1. Started a few online "businesses" - if you can call them that. Personal finance website, Sports networking site, published 2 books.
2. Slowlane wise, I've been in the accounting world since I left college in 2006. Some public accounting experience early on with 7 years at federal government as an auditor after that. That's where I am currently.
3. I'm working on my CPA (Certified Public Accountant). I've already passed one part. Have 3 more to go.
4. I'm 31 with a wife and a 3 month old son.
Where I want to go:
1. My goal is to start a business using my CPA skills to help small business owners.
2. I realize that I need experience in certain areas like taxes, but this could mean a big reduction in pay (like making $20k less or more).
3. With my wife wanting to be a stay at home mom (she is a real estate agent, but has cut back severely on her business), we are considering relocating to a place with cheaper cost of living.
4. Ultimately, I don't want to work for anyone. I understand that starting a business is a process and while starting a CPA/tax business may not be fastlane initially, I understand that it's all about learning and finding needs in the beginning. I get all that.
2-Fold Problem:
1. Do I take a lesser paying job as the sole breadwinner in the household? I would hate to put my family behind the 8-ball financially. We're already grinding it out as it is with my wife not working and raising a new baby.
OR
2. Do I stick with the government job and try to get experience on the side? This would mean getting the CPA credential done, staying at my current job, and maybe working PT at a firm to get some tax experience. Or it could also mean starting a tax business on the side myself.
I would appreciate any feedback. I don't care how brutal you are. I just need honesty because I'm fed up with my career as it is. I want to start a business and I believe I can provide value to business owners and individuals.
Thanks for your help,
Dave
I wanted to get opinions and comments on the next steps I plan to make in my life / career. I've posted here only a handful of times. I've been more of a lurker than anything. MJ may recall some of my journey when I first joined the Fastlane.
Let me give you some quick background:
1. Started a few online "businesses" - if you can call them that. Personal finance website, Sports networking site, published 2 books.
2. Slowlane wise, I've been in the accounting world since I left college in 2006. Some public accounting experience early on with 7 years at federal government as an auditor after that. That's where I am currently.
3. I'm working on my CPA (Certified Public Accountant). I've already passed one part. Have 3 more to go.
4. I'm 31 with a wife and a 3 month old son.
Where I want to go:
1. My goal is to start a business using my CPA skills to help small business owners.
2. I realize that I need experience in certain areas like taxes, but this could mean a big reduction in pay (like making $20k less or more).
3. With my wife wanting to be a stay at home mom (she is a real estate agent, but has cut back severely on her business), we are considering relocating to a place with cheaper cost of living.
4. Ultimately, I don't want to work for anyone. I understand that starting a business is a process and while starting a CPA/tax business may not be fastlane initially, I understand that it's all about learning and finding needs in the beginning. I get all that.
2-Fold Problem:
1. Do I take a lesser paying job as the sole breadwinner in the household? I would hate to put my family behind the 8-ball financially. We're already grinding it out as it is with my wife not working and raising a new baby.
OR
2. Do I stick with the government job and try to get experience on the side? This would mean getting the CPA credential done, staying at my current job, and maybe working PT at a firm to get some tax experience. Or it could also mean starting a tax business on the side myself.
I would appreciate any feedback. I don't care how brutal you are. I just need honesty because I'm fed up with my career as it is. I want to start a business and I believe I can provide value to business owners and individuals.
Thanks for your help,
Dave
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