Business Operations | Case Studies & Success Stories | Data & Research | For Accounting Consultants | Risk Management Cycle | Strategic Planning
Why 43% of Solo Practitioners Fail: The Concentration Risk Killing Accounting Consultants
Analysis reveals why 43% of solo accounting practitioners fail within five years, with client concentration being the primary killer. When single clients represent 25%+ of revenue, practices face catastrophic vulnerability, as demonstrated by firms losing $500K-$2M+ when major clients depart. This post breaks down the concentration mathematics and provides a systematic framework for building sustainable, diversified accounting consultancies that survive client departures.