Starting an Accounting Firm: Feasibility Studies, Market Opportunities, and Vision

ACCOUNTIN
G FIRM
STARTUP

TABLE OF CONTENT
• 1.Motivation for choice of business
• 2. The process you went through to generate this business idea
• 3. Feasibility studies conducted
• 4. Details of the product/service to be offered
• 5. Potential market opportunities
• 6. Attractiveness of the industry
• 7. Vision for your business

1.MOTIVATION FOR
CHOICE OF BUSINESS
• Working as an employee requires a
different set of skills and experience than
running an accounting firm.
• Establishing an accounting practise, like
any small business, takes a lot of effort,
but as Thomson Reuters points out,
accounting firms are now some of the
most profit margin of all small
companies.

2. THE PROCESS YOU WENT THROUGH
TO GENERATE THIS BUSINESS IDEA
• Make a list of ideas
• Pick the best concept
• Do some research on your concept
• Modify your concept
• Put your idea to the test
• Determine your market