Are You A Bean Counter Who Wants To Start A Bookkeeping Business?

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Are you a bean counter? Do you just love numbers and love crunching them all day? Do you like helping business owners know how their business is performing and enjoy looking at the books all day? If this sounds like you and you are looking to become your own boss, you might like to think about starting a bookkeeping business.

Creating your own business is not something to enter into lightly and a love of bookkeeping is not enough to be a successful business owner. Having your own business takes time, effort, dedication and a lot of perseverance. It is a challenge and building a business from the ground up is not as easy as people think. Statistics show that many small businesses fail in the first 12 months and you dont want to become a statistic.

If you are realistic and commence with a thorough business plan though it will increase your chances of success. The age old expression of businesses not planning to fail, but failed to plan rings true.

It is important to understand that taking a love for bookkeeping and making it into a viable business which requires additional business skills to be successful. You will need to know how to start your business, how to select your name and what licenses you might need. You will also need to plan how to get clients and what services you will offer. You will then need to think about ways of marketing your services and through what channels. You will need to do a complete costing of your services so you know how much to charge. Additionally you will need to check the market and see if your rates are in the ball park of other bookkeepers to be competitive. You will also need to plan for growth and eventual succession.

Fortunately bean counters are extremely lucky these days. There are many small business opportunities where business owners cant do the bookkeeping themselves, or dont have the inclination to, but they do not have the work for staff, which is where self employed bookkeepers have become more and more needed to service a growing industry.

Additionally, bookkeeping as a profession is not as regulated as other industries and it is easy to get experience and basic qualifications so you can then go out and start your own business. Although it takes a big jump of faith in your abilities, if you have a love for bookkeeping and a desire to start your own business, perhaps being a business owning bean counter might be the way to go.

About the Author:
Julia Nitschke is an Accountant, business consultant and author of the book My Bookkeeping Business, how to Start, Run and Grow your Bookkeeping Business. Visit http://www.mybookkeepingbusiness.info



Article Originally Published On: http://www.articlesnatch.com


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