As the title suggests, I'm looking for career advice in the public accounting field. I'm primarily looking for advice on how to formulate the very vague medium-term plan mentioned below, but would also love to get some inspiration from hearing about the career paths of accountants or anyone who feels like sharing.
My original degree isn't in accounting, so I started in this field a little late. I'm almost 31, but only a first-year senior and about to start my third busy season. I'm at a smallish regional firm (less than 100 people). I'm half-way done with the CPA exam and hope to finish my last two exams in 2019. I do 60% audit, 20% tax, and 20% back-office work.
My short-term plan is pretty clear: get through this busy season, finish the CPA exams, maybe do one more busy season if it's too late to job search by the time I get my license.
Long-term (say, when I'm early 40s), I'd like to run or co-run my own small-business. I wouldn't necessarily mind if it's something related to accounting (maybe being a partner in a small firm), but I also have many interests outside of accounting, such as writing, editing, languages, policy/politics, real estate. Additionally, I really like the project management/operations side of things. I'd also like to set up the business so that I would only take enough work for me to have to work 40 hours per week, even if that means I don't make as much money as I could if I worked longer hours.
I'm not sure what my medium-term plan should be to get from the short-term to the long-term. I'm sure it would help if I knew what type of business that I wanted to run.
Why can't I jump straight from the short-term plan to the long-term plan? First, I don't currently live in the part of the country (USA) that I want to live in when I'm 40. Second, I'm not even close to being financial independent (making progress, but it's slow progress), so I'd like to do something in my 30s that generates enough revenue to allow me to live on slightly less income in my 40s and beyond. Third, if there's a really cool opportunity out there (like the chance to go overseas, or do some other kind of once-in-a-lifetime work), this would be the time to do it.
I'm not necessarily opposed to staying in public accounting. My firm is fine, but it's actually a lot more hours than I imagined being at a smaller firm. Ideally, my hours would be more reasonable because it has taken a toll on my personal life, but I'm willing to stick with it for a little while longer if that's the best option that I have.
One other thing to mention is that I currently live in a major metropolitan area, where there are all kinds of jobs (even in niche fields). The state that I'd like to live in when I'm 40 is in the Midwest, so the opportunities will likely be different.
Thoughts from any accountants out there? I'm social-media shy, and haven't posted on forums before. It feels weird to share this much information online. However, I will try to answer any questions that I can in order to clarify anything. Thanks!