Solo, but not alone

Today's sole proprietors are being forced to look in the mirror and answer tough questions about their futures. What CPAs will be doing to make a living in the year 2009 will be quite different from what they do today. Primary changes include: 1. technology, 2. competition, and 3. specializatio...

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Bibliographic Details
Published in:Journal of Accountancy 1999-04, Vol.187 (4), p.35
Main Author: Weinstein, Stephen
Format: Magazinearticle
Language:English
Subjects:
Accountants
Accounting firms
Accounting services
Alliances
Business services
Business valuation
Competition
CPAs
Fees & charges
Financial management
Financial occupations
Financial services
Law firms
Long term planning
Management
Marketing
Professional practice
Software
Sole proprietorships
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Summary:Today's sole proprietors are being forced to look in the mirror and answer tough questions about their futures. What CPAs will be doing to make a living in the year 2009 will be quite different from what they do today. Primary changes include: 1. technology, 2. competition, and 3. specialization and niches. Sole proprietorships should devote time to planning for their future. They need to evaluate whether they have the interest and skills to expand any specialty niche or whether a merger or affiliation is in their future. Sole practitioners interested in setting up shop with others like themselves - sharing offices and taking advantage of the many new opportunities that come up when there is more than one CPA in an office - may be better prepared for success in the next century.
ISSN:0021-8448
1945-0729