If you are thinking of setting up a bookkeeping business then this article will explain what you will need to do to get started and become successful. With more and more small businesses starting up, fuelled largely by the recession and loss of jobs, there many opportunities to be successful providing bookkeeping services for small business owners. You could even opt to work for a firm of accountants on a self employed basis, preparing books and accounts for their clients.
Assuming you have the knowledge, qualifications or experience to undertake this type of work, then there are a few things you will need to get started. Office Space can either be at home or rented elsewhere. Ideally you will find a quiet area where you can work without interruptions. Do not underestimate the amount of storage space you will need! Each client will require a few files and possibly large amounts of files, documents etc so it may be worthwhile renting some storage space to avoid cluttering your home or office.
Start-up Costs if operating from home should be minimal but you should seek and obtain suitable professional indemnity insurance for your business. In some countries it is against the law to operate without this. You will also need a computer, suitable accounting software and an excellent, secure backup system in case of theft or fire etc. A trip to the stationery shop will be worthwhile to stock up on paper, envelopes, storage facilities (such as files, folders and cabinets), paper clips, hole punch, stapler etc.
You should also consider your communication channels such as telephone, fax, email, messaging services, answerfone etc before you have your business cards and stationery produced. When all of this is in place you are nearly ready to start. You will need business cards and a letterhead. Now your marketing process should begin. Getting a steady flow of customers can be the hardest part of running any business, so the more nets you set, the more clients you will catch.
Lalea & Black offers affordable cloud-based accounting services with unlimited live support from CPAs. Their perpetual mission is to provide their clients with unparalleled service quality, tools and knowledge. Their philosophy focuses on their clients’ unique needs, while their service and technical expertise sets their organization apart.