Have u ever kenna who tell you, "if do business so easy, everyone is boss liao. Who will want be employee?" But then.. ..

[HumJiBeng]

I have this classmates during my accounting class. Everytime meet him kpkb his boss, his colleagues. Ask him why don't start own accounting firm since he got his own accounting licence.

He gave the golden reply then I probably heard 100 times from different ppl: "if do business so easy, everyone is boss liao. Who will want be employee?"

But then I brought him to an SME seminar. I show him how I talk to bosses and get client. Now about six months later, I saw his LinkedIn, he already started own accounting firm. I even met him at some seminars.

Seem like many people will assume thing is difficult without even trying. As soon as I spoonfed him, he straight away start own firm liao. And then he told me not difficult at all. But he earns less than he was a full time employees now.

Nowadays so many Malaysian ACCA holders, I don't understand why sinkies still want to fight jobs with them instead of hiring them to work for you. Some more Singapore has made it hard for Malaysians to start own accounting firm in Singapore in recent years as ACCA cannot no longer direct convert to CA Singapore.

 

[Shion]

i havent finish my cpa aust...

 

[ToonBlue]

I have this classmates during my accounting class. Everytime meet him kpkb his boss, his colleagues. Ask him why don't start own accounting firm since he got his own accounting licence.

He gave the golden reply then I probably heard 100 times from different ppl: "if do business so easy, everyone is boss liao. Who will want be employee?"

But then I brought him to an SME seminar. I show him how I talk to bosses and get client. Now about six months later, I saw his LinkedIn, he already started own accounting firm. I even met him at some seminars.

Seem like many people will assume thing is difficult without even trying. As soon as I spoonfed him, he straight away start own firm liao. And then he told me not difficult at all. But he earns less than he was a full time employees now.

Nowadays so many Malaysian ACCA holders, I don't understand why sinkies still want to fight jobs with them instead of hiring them to work for you. Some more Singapore has made it hard for Malaysians to start own accounting firm in Singapore in recent years as ACCA cannot no longer direct convert to CA Singapore.

Earn less than full time employees?

 

[mistersatki_]

I have this classmates during my accounting class. Everytime meet him kpkb his boss, his colleagues. Ask him why don't start own accounting firm since he got his own accounting licence.

He gave the golden reply then I probably heard 100 times from different ppl: "if do business so easy, everyone is boss liao. Who will want be employee?"

But then I brought him to an SME seminar. I show him how I talk to bosses and get client. Now about six months later, I saw his LinkedIn, he already started own accounting firm. I even met him at some seminars.

Seem like many people will assume thing is difficult without even trying. As soon as I spoonfed him, he straight away start own firm liao. And then he told me not difficult at all. But he earns less than he was a full time employees now.

Nowadays so many Malaysian ACCA holders, I don't understand why sinkies still want to fight jobs with them instead of hiring them to work for you. Some more Singapore has made it hard for Malaysians to start own accounting firm in Singapore in recent years as ACCA cannot no longer direct convert to CA Singapore.

Earn less but how much less ?
Worth it for the time / stress load ?

Later tan bo jiak , lagi stress also

 

[buttbERry]

simi accounting firm lai de?

 

[Medicated Oil]

Your friend got buy abalone to thank you ?

 

[Soracak]

But he earns less than he was a full time employees now.

Whats the moral of yr story?

 

[fortunehunter]

Same like hawker is hard job and don't earn much.
Than chef from 5 star hotel, Michellin star restaurant or even no chef experience but got ah ma 50 year recipe want to do hawker.r

 

[khratit]

I also have this friend, everytime tell his colleagues go start business

He just wan see people leave so he job more secure

 

[Can Or Not]

i havent finish my cpa aust...

I give up on accounting Liao… it’s not for me.

 

[Shion]

I give up on accounting Liao… it’s not for me.

i not sure if i shld too...

 

[Babel fish]

Out of every 10 startup in sg, how many survive long enough to be profitable long term?

 

[Can Or Not]

I have this classmates during my accounting class. Everytime meet him kpkb his boss, his colleagues. Ask him why don't start own accounting firm since he got his own accounting licence.

He gave the golden reply then I probably heard 100 times from different ppl: "if do business so easy, everyone is boss liao. Who will want be employee?"

But then I brought him to an SME seminar. I show him how I talk to bosses and get client. Now about six months later, I saw his LinkedIn, he already started own accounting firm. I even met him at some seminars.

Seem like many people will assume thing is difficult without even trying. As soon as I spoonfed him, he straight away start own firm liao. And then he told me not difficult at all. But he earns less than he was a full time employees now.

Nowadays so many Malaysian ACCA holders, I don't understand why sinkies still want to fight jobs with them instead of hiring them to work for you. Some more Singapore has made it hard for Malaysians to start own accounting firm in Singapore in recent years as ACCA cannot no longer direct convert to CA Singapore.

He is likely to have a friend/classmate like you. But he got the necessary experience already to get it started. He just lack the clients.

 

[Can Or Not]

i not sure if i shld too...

Why not try other line?
If you did badly in test, don’t like the work, too stressful. Cannot even stay 3 years in one firm. Means cannot.

 

[Can Or Not]

Out of every 10 startup in sg, how many survive long enough to be profitable long term?

True also… it’s not easy to maintain also…

 

[Amosyee002]

lol u r right
I should go bluff some JHK to join my firm
Make sure he no work life balance
Make sure he sleep in office
And pay him 2.5k a month

 

[ThinkMe]

Your friend got buy abalone to thank you ?

Buy hum ji peng maybe

 

[Medicated Oil]

Buy hum ji peng maybe

But, the friend is earning less now.
No more spare money liao.

 

[HumJiBeng]

Out of every 10 startup in sg, how many survive long enough to be profitable long term?

True also… it’s not easy to maintain also…

If you are starting about professional firms such as law firm, accounting firm or doctor clinic, I believe the long term survival is rate is very high.

You are probably referring high failure rate to f&b or tech startups because of their high set up cost

I can answer for accounting firm. Initially, my startups cost is only my laptop. A one man show firm from my home bedroom. Any clients fee is 95% profit (no overheads, some travel expenses plus some meeting room rental). How to not be profitable? Is more of how much I make running own firm vs working for others.

Now I have a few staff. If really cannot make enough revenue to pay my staff, I have no problem letting go all my staff and become one-man-show firm hands-on again. But actually Singapore economy is quite strong, I don't see that happening

 

[Can Or Not]

If you are starting about professional firms such as law firm, accounting firm or doctor clinic, I believe the long term survival is rate is very high.

You are probably referring high failure rate to f&b or tech startups because of their high set up cost

I can answer for accounting firm. Initially, my startups cost is only my laptop. A one man show firm from my home bedroom. Any clients fee is 95% profit (no overheads, some travel expenses plus some meeting room rental). How to not be profitable? Is more of how much I make running own firm vs working for others.

Now I have a few staff. If really cannot make enough revenue to pay my staff, I have no problem letting go all my staff and become one-man-show firm hands-on again. But actually Singapore economy is quite strong, I don't see that happening

So many paper work, in professional firm… plus knowledge must be there… too stressful plus also experience.. to learn the knowledge.