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Am i Crazy??

  • 02-06-2011 1:09pm
    #1
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭


    Im 2 years qualified as an ACA, working 7 years in the practice (small). After getting offered a job in medium sized practice i went to my boss who offered me partnership in the firm.

    This was 4 months ago but we havent really got down to business. However in the meantime i ve been doing alot of thinking and amnt sure i want to be involved in accountancy for the next 30years.

    In fact i ve been thinking lately about becoming a physical therapist - doing a 15month part time course in the NTC in neuromuscular therapy while i continue to work away.

    The idea then would be to try build up a client base part time and eventually go full time. The advantage of taht course is a) its part time b) its not a huge outlay if things dont work out. Also i can do an extra 30months to get a H.Dip after if things do go well.

    I suppose the big question is do you follow your dreams and go for it? I'd have to turn down the partnership in the meantime.

    Its a big trade off between trying to do what you want and doing a job you l ultimatey be happy in v's security for you and family (couple of years away - getting married next year).

    On one hand i feel like a spoilt celtic tiger generation child, who wants it all - i have a good job more than some can say. On the other i'd love to have my own sports theraphy practice

    Im a natural worrier and naturally prudent being an accountant so it's a big step even considering going for it.

    Any thoughts/advice?


Comments

  • #2
    Delancey
    Closed Accounts Posts: 5,451 ✭✭✭Delancey


    Building up a physical therapy practice will take a long time and I suspect that for the first 2 or 3 years the income generated by it will be quite small.
    Can you afford the loss of income ?


  • #3
    kennyb3
    Registered Users, Registered Users 2 Posts: 6,724 ✭✭✭kennyb3


    Delancey wrote: »
    Building up a physical therapy practice will take a long time and I suspect that for the first 2 or 3 years the income generated by it will be quite small.
    Can you afford the loss of income ?
    Well at present i don't have a mortgage or kids but by then I will have both i'd say.

    I wont go mad on a house and keep the mortgage to circa €1k p/m hopefully.

    My OH has a decent job as a nurse and a 5year contract so that will help.

    I would hope it would take less than 2/3 years to earn a half decent living, it may take that to earn really good money. I'd hope to be doing 8-10hrs part time before finally biting the bullet and going full time (if it works out that way). And also to save 5k or so buffer money in the meantime.

    The positives are that its low cost (no huge investment), i can try it part time first and if i can make a go if it hopefully i ll have job satisfaction, my own business and be helping people.


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