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Practice... why many feel tough?

SIVASIVA (FCA, Future CA) (4935 Points)

29 October 2013

dear friends,

I have a mindset of doing practice. However, many criticise me by saying that, in "Industry a CA is paid well.

So, Practice is very risky"

Hence, please tell me what kind of Challenges do Practice faces comparing with that of Industry.

Is regular income the only problem in Practice. However, i feel that Practice will make you self reliant.

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29 Replies

Ankur Garg (Company Secretary and Compliance Officer) (114773 Points)
Replied 29 October 2013

According to me it is not easy for everyone to get in to the practice or in other words practice is not a cup of tea for everyone. Practice in CA is a highly paid one. But you have to work very hard to establish yourself.

I think you should continue to follow your dream.

All the best

CA Mehul (Quality Assurance of Finance Software) (172 Points)
Replied 29 October 2013

Practice is hard than job. However, intially both practice and job would be hard. But, if your addicted to work with full of freedom and if you have capability to face any type of questions relates to our profession, then choosing practice is far better than job.

However, I would like to give you suggestion that if your choose job, then kindly look at the profile/Role of job. Now a days many organisation appoints CA, not because of our profession, but our degree might be helpfull for them only.

Its your choise at all, to which you gives your priority. I had seen some people who choose job just because their priority is money for intial period.

So think and give time to your thought before selecting any of it.

arun (accountant) (27 Points)
Replied 29 October 2013

Do what U feel dont listen Anyone. ...

Aditi Dosi (CA Final Student) (105 Points)
Replied 29 October 2013

Both is good on their place as every coin has 2 sides

Ramesh Kulal (ARTICLED STUDENT) (21 Points)
Replied 30 October 2013

Analyse two options with advantages and disadvantages. Take the option which you feel good.

JAYACHANDRAN.A.A (Others) (31 Points)
Replied 30 October 2013

Practice gives value for this profession

Mehdi (student) (21 Points)
Replied 30 October 2013

employer or employee,? choice is all yours

Anil Sankar V (CA) (1877 Points)
Replied 30 October 2013

Do what your inner heart says? The decision shall not be regretable in the future.

Sunil Kumar (Indirect Taxation ) (1246 Points)
Replied 30 October 2013

In my opinion practice is not a hard job being a student I have been faced nos of areas on behalf of chartered and guess what I found these is area of innovation n obviously u will get a positive outcome. Preferably go for practice if don't have financial factors.

govinda (article) (22 Points)
Replied 30 October 2013

As you think best....

Mehool Panchal (Articled Clerk) (237 Points)
Replied 30 October 2013

For practice first of all you need good financial backup. There shall be someone earning in your family. You should not be rhe sile earning person in your family for that

CA Mausam Rathi (Propriotor) (21 Points)
Replied 30 October 2013

Ask from yourself R u capable to sale your services ???? if answer is positive welcome in practice if not go for the job.

Ravindra Jain (Employed) (21 Points)
Replied 30 October 2013

Go for practice....become an owner....u can do lot of things.....social, professional, personal, cultural....dont run after money....u r a qualified person.....money will follow u