The benefits of registering as an MIP.
| Author | Allen, Mark |
| Position | Institute News - Member in practice |
There are real advantages to registering as a member in practice and finding out why consultancy can be a rewarding career choice, explains Mark Allen. Many CIMA members are unaware of some of the career choices available--particularly when it comes to becoming a member in public practice or a practising consultant. The obvious advantages are that this allows you to escape the shackles of employment, set your own goals and choose who yon work with. In order to increase awareness, the Members in Practice Management Group has identified the three types of benefits you gain for only 30 [pounds sterling] a year.
Professional benefits
* Professional standing. You can display a licence or certificate to promote your business. You will be recognised as being in the top 1 per cent of financial consultants in the UK.
* Access to mentoring. You can share practical tips with experienced MIPs, gain professional support and form strategic alliances.
* Marketing and development. You may use the CIMA logo, gain discounts on training courses, attend MIP skills workshops, obtain practice notes and technical updates, and, of course, attend the MIP annual conference.
* Abide by the CIMA rides. Ensure that you conform with accounting professional standards and gain access to e-mail downloads.
Career benefits
* Become your own boss.
* Entrepreneurial opportunities. Accountants tend to make good entrepreneurs when they are self-employed or are owner-managers.
They get a chance to develop new skills in areas such as sales and marketing and general business strategy management.
* Choose your customers.
* Choose where you work--in the UK or overseas.
Personal benefits
* Choose your remuneration. There are many opportunities to boost your income, and these will be highlighted in MIP skills workshops. a Choose your hours--whether you want more time with you r family or on the golf course.
* Choose where you work. If you work from a home office, you save time and money on travel.
* Plan your pension. Take control of your retirement planning and choose from stakeholder plans, self-administered schemes or your own investments. This can more than compensate for the loss of an employer's contribution.
A survey conducted by the EU about 12 years ago identified that 96.4 per cent of firms in the private sector employed 10 people or fewer. Those businesses need our skills.
In addition, larger companies and multinationals are now outsourcing more of their financial and...
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