I'm a qualified accountant with over twelve years professional experience and am a full member of the ACCA, with Fellow status. Until June this year I was in full time employment and have had a range of experience within practice and public sector. I now work on a self employed/freelance basis from home providing accounting services to clients. It is still early days in the development of my business and this is where I was hoping you could help me.
Considering you are AAT qualified, working towards CIMA and want to pursue a career in accountancy, I was hoping that you could be a part of my business. Initially the role would include, basically, looking for clients and working on their requirements etc... With regards to salary, this would basically be a flat 50% of the fees (that you agree with the client) payable directly to yourself. The remaining 50% would be for my engagement with the client as I hold the relevant practising certificates etc..., advice and training support offered to yourself etc..
Obviously the above is just a brief synopsis of the opportunity, please let me know if you are interested and if you want to pursue we can arrange a non-informal meeting.
I may misunderstand your offer but I'm reading it that people set up their own business, buy their own software, find the clients, handle them completely seperate to your business and then pay you for supervision (no issue with that, just stating what I think that you are saying before moving on).
Assuming the above to be true could I suggest that you might get more interest in your offer of paid supervision if you based your fee's on profit rather than turnover.
A business is going to need to fund professional memberships, insurances, software licences, running an office, travel to client premises, tendering costs, website, sales material, etc.
The more clients that they get the smaller the percentage of their turnover the costs (which are predominantly fixed) will be.
For startups taking 50% of revenue is in all likelihood taking considerably more than 100% of profit.
More reasonable figures considering the opportunities that such will eventually create for those you supervise would I feel be (say) 50% of profit or 15% of turnover which would still allow your associates some scope for profit.
As your offer stands at the moment I fear that your fee's would actually kill any fledgling practice that you become involved with.
If I have misunderstood your offer please clarify you roffer as if I've misunderstood then I'm sure that many others will have as well.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Hi Jas, Thanks for the offer but have to
decline it. Dont need supervision and if I
did 50% of the client fee is very high. It
wouldn't be worth my while.
