Biggest Challenges Faced By a Certified Public Accountant at Rizvi and Rizvi CPAs
Amir, a CPA at Rizvi & Rizvi CPAs, identifies the biggest challenge as achieving rapid expansion in a "very mature industry" like public accounting, where growth is inherently limited by "selling your time," unlike faster-growing sectors like tech. The difficulty lies in differentiating the firm and accelerating growth to reach ambitious career goals within a field with many established competitors.
Industry Realities, Overcoming Challenges, Achieving Goals, Career Development, Workplace Challenges
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Amir Rizvi
CPA
Rizvi & Rizvi CPAs
San Diego State University 2008
USC - Master of Business Taxation (MBT)
Political Science, American Studies
Finance (Banking, Fintech, Investing)
Finance
Honors Student, Worked 20+ Hours in School
Video Highlights
1. Rapid expansion in a mature industry is challenging.
2. The finite nature of time as a service limits growth.
3. Differentiation in a competitive field is key for faster growth.
Transcript
What is your biggest challenge in your current role?
It's definitely trying to expand at a more rapid pace in a very mature industry. For example, if you look at an industry like tech, where you create something in its infancy, then you grow by leaps and bounds if you have a successful product.
But let's say even in some professional services, like public accounting, attorneys, doctors, or engineers, for the most part, whenever you're selling your time or money, your hours are capped. There's a finite limit.
Couple that with being in a mature industry. It's not like you're doing anything that's going to change the game. You can offer great service and great outcomes for your clients, but the business will still grow, at least in an organic sense, at a decent pace.
However, if your goal is to retire by 45 or 50, that's not going to happen or will be very difficult, just given the industry. So, the biggest challenge is figuring out how to separate yourself in an area where there are a lot of very smart people already operating and grow at a pace where you can be somewhere pretty substantial in a short period of time.