Creating 'Win Wins' and Figuring It Out

[Lokantha]

I'm Ryan, a soon to be licensed (waiting on final certificate in the mail) CPA in North Carolina and current part-time MBA student. I have spent the past 5yr out of college working in the corporate world in a '9-5' industry (paint manufacturing) accounting job. I am resilient and many know me for my high work ethic. I often work 8am-12pm (12-2 gym/lunch), then continue until 8-9 at night. I'm tired of working for someone else. I've read many books on entrepreneurship, and am determined to reach my set personal income goals (yes, I have an exact goal and timeline).

I'm looking to help others on this forum, as it helps me think more creatively and apply to myself. I enjoy traveling, I feel limited in my knowledge and ability to understand the world/solve problems without these (typically bi-annual) trips. I am in search of finding an entrepreneurial idea that cash flows both better than my job will pay over time, allows me to meet my personal income goals, and allows the reasonable personal freedom I desire.

 

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[MJ DeMarco]

Welcome aboard Ryan, we've got several CPA and accountants on the board.

I am in search of finding an entrepreneurial idea that cash flows both better than my job will pay over time,

Entrepreneurial ideas rarely "cash flow" -- there's a substantial ramp up period usually for any idea that is worth its weight. Any that cash flows instanteously will fizzle out in months, if not weeks. The competition for "low hanging fruit" is simply to high for anything to be sustainable.

 

[Lokantha]

Understandable, as monopolistically competitive and perfectly competitive markets usually are. I'm more or less thinking of ideas to build commission over time and/or build a client pool for professionals within a specific market (ex. CPAs & lawyers) to utilize as a team. Allowing them to retain more of the revenue they would physically earn than working for a firm that pays them a salary; if guidance is required for a project we would have experienced individuals to assist beginners in exchange for a percentage of the revenue. This would allow beginners or those who wish to learn something new in the field to learn further. Also allows work flexibility, if he or she wishes to travel a month or months then come back to the workplace, they would have clients and a revenue stream to come back to.

Both would be mutually beneficial to members involved. Most income would go to the group or individual generating the income, except for maybe 3-5% to cover overhead and managerial costs. Any clients brought on board, the individual who brings them on board would get a slight royalty of future revenues. Any member that leaves would agree to non-compete with clients we have interacted with in 2yr as well.

 

[Dignium]

Understandable, as monopolistically competitive and perfectly competitive markets usually are.



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I may take a very small 3-5%

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