Discussion:Hiring Employees/contracting out
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| Revision as of 15:08, 27 April 2006 Karen258 (Talk | contribs) (I would like to) ← Previous diff |
Revision as of 15:16, 27 April 2006 Foxttron (Talk | contribs) (In my opinion, t) Next diff → |
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| {{ForumReplyPost|UserID=Karen258|Date=27 April 2006|Text=I would like to contract out for a few tax seasons to gain more experience but what I've found is that other firms won't hire me since I already have a small client base. How have others handled this? Maybe I went to firms that were too big and should seek out a sole proprietor who might be overloaded. Any suggestions?}} | {{ForumReplyPost|UserID=Karen258|Date=27 April 2006|Text=I would like to contract out for a few tax seasons to gain more experience but what I've found is that other firms won't hire me since I already have a small client base. How have others handled this? Maybe I went to firms that were too big and should seek out a sole proprietor who might be overloaded. Any suggestions?}} | ||
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| + | {{ForumReplyPost|UserID=Foxttron|Date=27 April 2006|Text=In my opinion, the best is not to hire anybody locally. Sooner or later, they will leave you (maybe taking your/their client with them) and you need to start from scratch and retrain a new junior. Have you thought about outsourcing in remote locations? It is not that expensive, and you just need to review their work; no prep. The best thing is client loyalty, and the chance you have to grow your business by having more time to get clients. Educate your client to write you e-mails instead of calling (unless urgent situations arise.) Remember that for clients is always: "what have you done for me lately?" | ||
| + | Concerning experience, I suggest you try to join a big 4 if you can; there is nothing like a small biz accountant going big!}} | ||
Revision as of 15:16, 27 April 2006
Discussion Forum Index --> Business Growth Community --> Hiring Employees/contracting out
Discussion Forum Index --> Tax Questions --> Hiring Employees/contracting out
| 24 April 2006 | |
| I decided since my question got buried to start a new discussion on this. To recap, when I was contemplating starting my business I asked some friends who used to be high end folk in one of the tax firms. They suggested that I consider hiring someone to do the work and that I get the business. Is it worth it for me to do that now or should I wait until I am unable to keep up with the workload?
Let me know what you all think of this. Thanks! | |
Www.cpa1.biz (talk|edits) said: | 24 April 2006 |
| I think if you hustle and know that you personally can get clients, then teach a college student how to do the inputting and you get the clients. The student will be greatful because of your tax knowledge and you can pay him/her a small amount. Just remember how to set up correct payroll which is pretty simple each quarter and can be done all ectronically these days.
Later, www.cpa1.biz | |
| 25 April 2006 | |
| A much better arrangement would be to find an accountant without a personality who's struggling, obviously, in his lackluster business. Partner up. Share ownership. Be the front end of the business and let him or her be the back end. For the creative thinkers, you could extend this to anyone who for whatever reason, can't work with the public or get out...match made in Heaven. | |
| 25 April 2006 | |
| Just like JR says, I say work with your strengths within a business model that works for you. I personally don't like working for/with anyone on a permanent basis. I have a cooperative understanding with others (Attorney's, Accountants and Brokers). We throw stuff back and forth to each other to best meet the needs of the client. | |
| 26 April 2006 | |
| I might start with what CPA1 suggested - mainly because I have not found any other accountants who are struggling to get business (at least not yet). There is a Junior College nearby. Do you think that would be a good starting place or do I want to hit a full fledge University?
So, here is the next piece of this puzzle. Is it reasonable for me to offer a lower rate? What would be a reasonable amount? What percentage is reasonable to cut into my profit margin in the beginning? (these are all your opinions and I will not hold any of you accountable for any decisions that I make:) ) Thanks! Shaunna | |
| 27 April 2006 | |
| I would like to contract out for a few tax seasons to gain more experience but what I've found is that other firms won't hire me since I already have a small client base. How have others handled this? Maybe I went to firms that were too big and should seek out a sole proprietor who might be overloaded. Any suggestions? | |
| 27 April 2006 | |
| In my opinion, the best is not to hire anybody locally. Sooner or later, they will leave you (maybe taking your/their client with them) and you need to start from scratch and retrain a new junior. Have you thought about outsourcing in remote locations? It is not that expensive, and you just need to review their work; no prep. The best thing is client loyalty, and the chance you have to grow your business by having more time to get clients. Educate your client to write you e-mails instead of calling (unless urgent situations arise.) Remember that for clients is always: "what have you done for me lately?"
Concerning experience, I suggest you try to join a big 4 if you can; there is nothing like a small biz accountant going big! | |
