Practice for fresher chartered accountant

Remember one thing, when we prepare for exams we think it's the most difficult part in the life of CA but in fact it is not. To be very frank it is the easiest part in the career of CA. Why because, Either to start your OWN practice or to get placed in a top company with fancy packages are more difficult than exams. So, how should you start your own practice ? 1.If you have decided to practice, start filing IT returns ,GST returns ,tds returns even at the time of your articles , on your own for your friends , relatives , neighbours. That is the first circle of your professional work. First you need to get out of the fear of doing works on your own. 2.Then slowly the above people will start referring more people for you. First recognize yourself as a CA in your area . Whatever work comes to you , be it getting PAN card, filing of simple salary return , take that and do it in a sincere manner. 3.In early stages don't expect too much fees. It's like filing return for 3 guys for 1500rs is better than filing return for 1 guy for 1000 rs. The point is you have 2 more clients and he could bring some more clients. 4.If you want to be prudent, join in a practicing firm as an employee after you have become a CA so that a regular income is assured , then start doing the above activities parallely. But you should manage both parallely. 5.Always try to add value to clients. As much as possible advice your client as to how to run business effectively, how to manage funds effectively. If possible arrange him some loans and tell him that he can claim interest as an expense (tax savings on that) instead of running business on his own funds. Like that I say. 6.If you want to establish the name of your firm or proprietorship in the society , just put an article assistant under you. He will take care of the rest. The moment he starts learning, he will tell his friends about his office and in many cases he recommends people for professional works to your office. 7.Wherever you go, whomsoever you meet , shake your hands confidentially and give your visiting card. 8.Attend as many social functions as possible. Don't speak unnecessarily anywhere and try to make as many new friends as possible. Never underestimate anyone. Even a car driver could bring his wealthy boss as client to you. 9.To the extent possible wear dress formally. That adds value as a professional. 10.Approach banks for concurrent audits, start registering in empanelment sites for audits of C and AG , banks etc. 11.Once you have survived for a year , you could have considerable amount of tax audits, statutory audit as per companies Act and probably you could have started doing certification works also. Remember one thing, 10 years down the line , your one month earning will be equal to your one year earnings at the initial stages. So just survive till that time. 12.Atlast , till the time you establish yourself , relax your own set of policies and listen to what the client requires. Wish you a successful practice !!!