Guidance required for career as ca in practice.

Hi,

(These are my personal views based on what i have seen and do not want to demotivate you at all) 

Since you have decided to move to practice, i believe you must have done sufficient research on it like the pros and cons etc. Practice looks more lucrative when we are in job but grass is always greener from the other side.

So before switching, give proper thought what you are doing and what do you want to do. Don't get biased by anyone else views.

Once you switch from job to practice, initially you may face a lot of issues e.g. no fixed cash flows or even no cash flow for some time, hunting for clients because friends and colleagues who motivate you saying that they will definitely help you in finding clients and assignment work suddenly disappears or they will say at that time we were having something but now nothing and trying to help you. So be ready that its you who has to take all the pain.

Secondly, once you get clients, its really a big task to get your fee after providing services. People will say we will give today or tomorrow and so on.

so many issues are there, you have to be keep yourself motivated all the time.

However, lots of benefits are also there like you will be your boss and you can work in your own fashion.

To get experience, you can associate with some ca firms on retainership basis. In this process you will get experience as well as bright chances to have clients.

Increase your social network that will really help. Since you are working as credit manager it will also help you.

All the best for your new venture!

Thanks a lot Sandeep,

I really appreciate your experience and very much aware of pain I'll have to go through. You are absolutely correct, its my fight I can't risk gettin g depend on anyone. Thank you for your great advice.

I would really appreciate if you can share any reference of yours so that I can work with on remmittance basis.

Thanks and Regards

CA Pallavi Dang

Hi...I can not commit but will try. Please let me know where you are going to start your office and your mail id.

Thanks

Hi Sandeep,

I am planning to start in delhi, please note my mail ID- pallavidang @ gmail.com

Thanks and Regards

CA Pallavi Dang

Noted.

Thanks