Assuming:
A) your goal is to reach 8-figure net worth within 7-8 years
B) you’re willing to work your ass off (obviously!)
C) you’re able to be one of the best out there AND adapt to new technology
In other words: with the above criteria and a strong desire to learn and apply a valuable analytical skill set as you become an entrepreneur, is accounting a particularly good choice?
Hot takes welcome!
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Its a very reliable business, for the most part you’ll always be in-need, but its not particularly scalable in that its basically always going to be a margin business where cost of salaries and revenues will general run in parallel, so to get the kind of returns you’re describing would be a challenge, especially over the timeframe you describe.
This is the crux of the matter isn’t it? We shall see if AI drops the overheads as time goes by, b for now I’m convinced this probably isn’t the right move to make. Thank you.
I would try to get AI technology implemented into accounting, imo it shouldn’t be hard to do with todays technology. I’ve asked around from people i know if they have any AI that can do that, they said no but it would be a good idea.
To be honest, accounting will probably be replaced by AI pretty soon.