CA Practice or job | How to set CA Practice| Sharing 8 principles from eaight years of CA Practice

8 years of ca Practice.

Here are the 8 lessons that I have learned as a practicing CA in the last 8 years.

1. Job or Practice?
I would always vote for Practice. although it depends on your personal choice and risk factor.
but in my opinion, Practice is best, we are meant for that and there is an ocean of opportunities in practice the only limit is your own thinking skills.

2. the initial days may be tough.
setting Practice may seem to be difficult- you may have fewer clients but once that one year went you will have a good flow of revenue as well as reputation.
just keep meeting new people and fellow members to get work.
Don't stop, don't lose faith - it's just a phase which you can surely overcome.

3. you don't need a fancy office
initially focus on getting work and providing the best quality to your client.
Don't spend much, no need to go for big office and fixed expenses.
once start earning start savings and out savings plan all expenses.


4. Initially to servive you may do everything, like general practice but over a period of time decide one field, be master of one feild - World is of specialisation, the deeper you go the higher the impact.
Focus on few things, Read, read, read.
Once master no one can stop you


5. Work on your communication and negotiation skills, That can be your biggest asset.
unfortunately we are not tought to focus on communication while that is the difference that makes the difference.
at the end of the day difference between ordinary ca and very successful ca is their communication skill.

6. Your network is your networth
Meet with people, make friends, provide value, work for free without worrying about money, help others.
Once you will have a great newtwork and good reputation money will flow.
in intial years focus on building brand, business, reputation and network.
better you have more successful you will become.

7. Work on developing systems, as a CA you are skilled enough that's why you are CA now work on strategies to monitise those skills and work on developing systems.
System for how the office will run, systems for getting and retaining client, a system for continuous improvement, Document them - Your goal should be to have a system to replace you.

Work for five years developing systems and the. let the system run your business so that you can focus on the next big project scaling and expanding.


8. Leverage the internet.
No need to work on traditional Practice, make a youtube video on how to file ITRs, write a blog on process of incorporating company, guide others through online platforms.
use the leverage of the internet.

come out of your comfort zone, do the unconventional & Make an impact.


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👨‍💼 Who I am: CA CS Umang Ratani
I’m a Founder of Growthrive🚀, Growthpreneur, Entrepreneur, and Success Coach.
Certified Master Practitioner of NLP, Pranic healer, Gestalt therapist, and Reiki practitioner.
📘 Author of the book - "Choose Success Today" Your step by step blueprint for getting the results you want.
🧾Qualified Chartered accountant and in to practice for more than 7 years,
📚Academically I hold a degree of CS, MBA, M.com, and LLB apart from his chartered accountancy qualification.
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