If you’re an accountant and you’re feeling stuck in your position, know that there is a world of opportunities open to you. Accountants have so many options for specializations, and you are in a prime position to specialize yourself and work in a field that will be more fulfilling or pay more. You could also consider working independently if you feel like you’re ready to make the jump. Let’s take a look at how you can take your accounting career to the next level.
Get New Certifications
One of the best things you can do right now if you want to advance your career and make more money is to seek out specialized training opportunities and get new certifications. Places like COPAS, for instance, offer training and certifications for people who would like to work in the oil and energy industry. If you weren’t already aware, this field is in great need of accountants and auditors, and it is a very interesting sector to work in. The salaries in this field tend to be very high as well. So, see how you could position yourself to work in that field, and look at various fields of specialization that you could consider.
Get An Online Degree
Another option would be to go for an online degree either in accounting or a related field. The healthcare industry, for instance, is in great need of administrators with a good knowledge of accounting. Your background will make transitioning into this field very easy and will make you a valuable asset to any organization.
Start Your Own Firm
Now could be a good time to start looking at opening your firm or offering services to people in your community. This is something you could start on a shoestring budget, and you might find yourself enjoying the liberty of working as your own boss. You will get to work with the type of clients that you want, and if you have the qualifications, you could also provide financial advice services.
There is also nothing forcing you to start with a small operation. You could partner up with another accountant and open a bigger office. Or you could acquire an existing practice. This could be a great option if you have the money or can acquire financing. You’ll be able to get a practice with a steady flow of clients and won’t have to worry about advertising your services as much.
Be very careful with the practice you decide to acquire, however, and make sure that there are solid clauses in place to protect you in case clients or employees decide to leave en masse after the purchase.
These are all things that you can do starting today if you want to advance your accounting career. The options in this field are almost endless, so look at the fields that are the most in need of accountants at the moment and see if you could have what it takes to make it there.