Recently I gave a lecture at Shree Ramanand Aiyer and Co. New Delhi on the topic ‘How to Become an Ultra Successful, Rich and Famous Chartered Accountant.
Below is my take on how to become a rich and famous CA aka An Ultra Successful Chartered Accountant.
1. Do what you enjoy doing – Only by indulging in what you are passionate about, you can reach greater heights.. The reason is when you do what you love to do you are at leisure.. at pleasure all the time.. you can continue working for endless number of hours without feeling tired or fatigue. So find your PASSION.. Do Self introspection and ask yourself -what is it that interests you.. what’s your core passion.. it could be an inherent talent that you may possess.. you may be very good with a subject e.g Tax or you may be exceptionally good with.. say Public speaking! Find your passion and build your career around it.. explore it.. exploit it and you’ll meet your goal sooner and faster. Shekhar Kapur the famous movie director found his passion in something very different from his CA profession, and by relying on his instinct and ultimate calling he became one of the most successful CA in a non CA field.
Also See : Famous Chartered Accountants of India
2. Become an Expert – When you work on your passion, work like crazy! Make one goal – to know more about the subject of your passion than anyone else on the planet! An expert of anything it bound to attract abundance and riches. Penetrate deep into your subject and learn and learn and keep learning.. Remember – continuous learning is the key to success because that makes you an expert. An expert is someone who knows more and more about less and less. Become a Vinod Gupta of direct taxes or a Praveen Sharma of accounts. That’s expertise at work and they are indeed rich and famous!
3. Focus – Pick up one field and penetrate deep into it. Concentrate all your energy and emotion to that subject and never.. never loose focus. Never ever commit the mistake of working on something and then loosing focus just because it seems it wont work.. or someone says so. Rich people say.. it will work.. if not, I will make it work! Guard your focus at all cost! Had CA S.S. Kothari lacked focus, he would not built one of India’s top CA firms.
4. Add value to others – Anything you do, ensure and commit that you will give more that what you get. By doing so you open the doors of abundance for you. Provide help for free without compromising on the quality of service provided. The ‘Good’ that you do without getting anything in return somehow by the laws of nature..multiplies and comes back to you in greater proportions. This is one of the secret to becoming rich and famous. Had CA Arun Poorie not followed the philosophy of giving more than what you get/or what you are paid for, he would not have build and taken the ‘India Today’ group to where it is today and ‘Aaj Tak’ would not have been so popular.
5. Network – Build a network of people. It is ‘people’ who will make you famous. The pre-requisite is that you must become friendly with fellow men and build a strong network.. bonding with fellow men & women. When people around you likes you, they endorse you and by harnessing the power of social media this ‘networking’ can make you famous overnight! It is only by networking normal CAs become Presidents of ICAI. That’s the power of networking.
6. Marketing – Whatever you choose to do.. be it manufacturing a product or providing a service, you must ensure that you possess the exceptional marketing and salesmanship techniques to make your goods and services a hit! Learn the ways to make it go viral.. Best of products and exceptional services go unnoticed and fail only because they are not promoted and marketed well enough! it is by marketing people like CA Subash Lakhotia has become so successful that he has become a synonym for word ‘tax guru’.
See Also : Useful Tips to overcome Failure in CA Exams
7. Manage Money Wisely – This is last but the most important requirement to become rich, being a CA one must master the art & science of managing money. Know the power of investing and compounding. It is by investing a man like Warren Buffet became one of the richest man of earth. In his book ‘The Millionaire Next Door’ Thomas Stanley has proved that by investing money regularly and by earning compound interest on it, you can become rich! never spend more than you earn and never spend on luxuries that you can do without. the more you earn the more you must invest. Ask CA Deepak Parekh and he’ll tell the importance of managing money wisely if one aims to be rich!
Imbibe these qualities in you and if you are truly ready to do ‘Whatever it takes’ to become rich and famous CA, no one can stop you.. mark my words.. No one can stop you! and when you do become one.. someday, Do let me know your story.
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