Is self-employment the better path for me?
I’m looking to break into the Accounting field, specifically in tax, but I’m facing challenges as a career changer. Many job listings seem to have unrealistic requirements, like needing extensive experience with niche software, or they expect candidates to take on extensive responsibilities for only $19/hour. Even positions at larger firms seem to start around $55,000 for new graduates, which hasn’t changed much in the last 40 years.
I’m a fast learner and am considering whether I should start my own practice and advertise my services. It seems like many companies are struggling to adapt and aren’t willing to invest in growth.
Am I being immature at 35 with a solid background in another industry, or do I have a legitimate point?
One response
It sounds like you’re at a crossroads, and it’s completely understandable to feel frustrated with the job market, especially when transitioning into a new field like Accounting and tax. Your observations about the unrealistic expectations and stagnant pay rates in many job postings are valid and resonate with many career changers.
Self-employment can indeed be a viable route, particularly in fields like tax Accounting, where individuals often seek personalized services and guidance. If you have confidence in your abilities, a solid understanding of tax laws, and are willing to invest time in marketing yourself, it could prove to be a rewarding path.
However, consider a few things before making the leap:
Certification and Credentials: Ensure you have the necessary certifications and qualifications (like becoming a CPA) to build credibility with potential clients.
Networking: Leverage your existing professional network and social media to get the word out about your services. Many clients find service providers through recommendations.
Market Research: Before starting, conduct some research to identify your target market and their needs. This can help you tailor your services and pricing to attract clients.
Gradual Transition: If possible, you might try starting your practice part-time while still looking for employment. This way, you can build your client base without the pressure of needing it to be your sole source of income immediately.
Business Plan: Develop a business plan that outlines your service offerings, marketing strategies, and financial projections to give clarity to your direction.
Ultimately, it’s about finding the right balance that works for you. You’re not immature for wanting to take charge of your career; in fact, it shows initiative and resourcefulness. Whether you choose employment or self-employment, focus on what best aligns with your skills, goals, and lifestyle. Good luck!