Watch This To Start & Grow Your CA Practice!

➡ Join This Group To Be Invited To Future Offline KwK Events : https://chat.whatsapp.com/F3MbHDPwTwC11mnSuvVc1M ➡ Order my book 'Acing CA' here: https://www.amazon.in/dp/8195816886?r... ➡ Order my book 'Unlocking Unicorn Secrets' here: https://www.amazon.in/dp/0143461605?r... 🎧 Listen to Konversation with Kushal Episodes On Spotify: https://open.spotify.com/show/0gLN318FZ5Ew9vyfZkNYoe ➡ For crisp learnings from the podcast, check out our clips channel: @kushallodhaclips548 https://www.youtube.com/@UCt8KJr-UIGAD71_RKaAclJA -------------------------------------------------------------------------------- Follow Kushal Lodha on Social Media: 📝 LinkedIn: https://www.linkedin.com/in/kushallodha548/ 📷 Instagram: https://www.instagram.com/kushallodha548/?hl=en 📱 Twitter: https://x.com/kushallodha548 Follow Konversation with Kushal on Social Media: 📝 LinkedIn: https://www.linkedin.com/company/konversation-with-kushal/?viewAsMember=true 📷 Instagram: https://www.instagram.com/konversationwithkushal_/profilecard/?igsh=MXh3aGx2ZGZyd2o2dA== Follow KAGR Club on Social Media: 📝 LinkedIn: https://www.linkedin.com/company/kagr-club/ 📷 Instagram: https://www.instagram.com/kagrclub/?hl=en Link To Join Our KwK Offline Events - https://chat.whatsapp.com/F3MbHDPwTwC11mnSuvVc1M Follow Vaibhav Manek on LinkedIn LinkedIn - https://www.linkedin.com/in/vaibhav-manek-762841?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_app _____________________________________________________________________________________________ In this episode of KwK, we’re joined by Vaibhav Manek, co-founder and partner at KNAV, a global accounting and advisory firm operating in seven countries. Vaibhav shares his journey in establishing a successful CA practice, offering insights into acquiring initial clients and determining appropriate service charges. He discusses the merits of hourly rates versus value-based pricing and provides guidance on optimal team size and organizational hierarchy during the early stages of a firm. The conversation delves into KNAV's adoption of new-age tools, ideal profit-sharing ratios for new firms, and the unit economics of running a CA practice. Vaibhav also reflects on his experiences working with high-profile clients and identifies emerging domains for CA firms. Whether you're an aspiring chartered accountant or interested in the dynamics of global accounting practices, this episode offers valuable perspectives from a seasoned professional. Don't forget to like, subscribe, and hit the bell icon for more insightful and interesting content! 🎥📚 ------------------------------------------------------------------------------------------------------------------------------------------------------------- Timestamps 00:00:00 Introduction 00:03:35 How should you go about starting your CA Practice? 00:10:23 Acquiring your first client 00:19:45 How much should you charge for different services? 00:26:34 Hourly rate vs Value added rate 00:29:26 How many people should you hire initially? 00:31:08 Hierarchy at KNAV 00:38:26 New age tools that they use in KNAV 00:43:29 Ideal profit sharing ratio when starting a new firm 00:53:12 Unit economics in a CA Firm 00:55:26 Being effective as an executive 00:59:10 How much capital do you need to start a CA Firm 01:00:36 Nikhil Kamath’s investment in KNAV 01:07:31 Scope for Indian CA firms to work in foreign countries 01:10:59 Difference in rates in India vs foreign countries 01:17:40 Vaibhav Manek’s experience of working with celebrities 01:19:33 Emerging domains for a CA Firm 01:24:34 One thing we didn't discuss today? #kushallodha #ca #capractice #charteredaccountanti