Just a little background: I am 41 years old and have been a CPA for 13 years and have worked for the same employer. Right now, I work full time + during tax season and three days a week the rest of the year. I LOVE IT! I really enjoy my job and the flexibility it gives me. I am the primary breadwinner. DH has many very part time jobs. My kids are 4 & 6.
My boss approached me today, he is 61 years old and wanted to discuss his retiring. Granted, he still wants to work five more years but he has put in an offer to purchase the building he currently rents and wanted to know if I wanted to buy half of it. Basically, he wants to phase out over the next few years and me take over.
I'm not sure that is what I want. I don't know that I want to be a business owner and be responsible for employees. I really don't think I want to work full time + all year. Could I make more money doing that? Of course - but I am perfectly content doing what I am now.
I am trying to have a more long term perspective. I just really enjoy where I am right now. I want to be able to spend time with my kids. My income, for now, is sustaining us, but as the kids get older I am sure their expenses will increase. We are currently doing doing BS 4 & 5 - our house is paid for.
My boss basically told me that if I did not want to take over his practice I would need to find another job, and that if I wanted to continue my current work schedule I could probably do so for any other accounting office in the area, so it's not like I would be without work. But, do I want to work for someone else for the rest of my life?
As you can tell, I am thinking out loud and trying to put into words all the thoughts in my head. If you could offer any perspective, I would greatly appreciate it!