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Is accounting a great business to start? Assuming... (alien.top)

submitted 2 years ago by Sardine86@alien.top to c/entrepreneur@indiehackers.space

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Assuming:

A) your goal is to reach 8-figure net worth within 7-8 years

B) you're willing to work your ass off (obviously!)

C) you're able to be one of the best out there AND adapt to new technology

In other words: with the above criteria and a strong desire to learn and apply a valuable analytical skill set as you become an entrepreneur, is accounting a particularly good choice?

Hot takes welcome!

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[–] founderscurve@alien.top 1 points 2 years ago (1 children)

Its a very reliable business, for the most part you'll always be in-need, but its not particularly scalable in that its basically always going to be a margin business where cost of salaries and revenues will general run in parallel, so to get the kind of returns you're describing would be a challenge, especially over the timeframe you describe.

[–] Sardine86@alien.top 1 points 2 years ago

This is the crux of the matter isn't it? We shall see if AI drops the overheads as time goes by, b for now I'm convinced this probably isn't the right move to make. Thank you.