How To Start A Home Based Bookkeeping Business
If you are like me, then you have always had the urge to go out on your own and create something more for yourself. For one reason or another, bookkeeping has caught your eye, and there are many reasons that this type of business should catch your attention. Let’s take a look at how to start a home-based bookkeeping business and see what you need to do to actually make this happen… the right way.
Learn Bookkeeping On Your Own
The one option that you could pursue is to go about it on your own and piece everything together. After all, the information is out there. Honestly, though I would not recommend this route to learn bookkeeping.
There would be no way of actually knowing if you were learning things in the right order or if certain subjects were being skipped altogether. You are going to need structure as you learn without fear of wondering if you are getting the best and most up-to-date training. After all, I don’t want you to simply learn how to become a bookkeeper… I want you to become an amazing bookkeeper!
While something like YouTube can be a great resource for answering specific questions, I would not recommend it to be your only resource on how to start your bookkeeping business. You need a solid, foolproof, path to follow. You also need to know that what you are learning is the best information out there. After all, we all want the best… don’t we?
The Right Way To Start A Home Based Bookkeeping Business
So, how would I go about starting a home-based bookkeeping business? There are a bunch of different options out there so how do you choose one over the other? You need to make sure that you are choosing the best possible course that is going to ensure your success as long as you follow through on your end with what you are being taught.
One major point that you may not initially consider is that you need to look for a course that not only teaches you how to do bookkeeping but also how to market your new business as well. Surprisingly, a lot of courses don’t even talk about marketing, or just go into the basics of it.
In many ways, marketing is going to be more important than learning the actual bookkeeping. What good would it do you to learn how to be a top-notch bookkeeper if you’re unable to let small business owners that you exist?
Speaking of top-notch bookkeeper, this has to be your goal from the get-go. Almost all courses out there simply teach you to be a number cruncher. What you really need to do is to learn how to go above and beyond for your clients.
Be the bookkeeper that is able to spot a $3,000 a month cost savings and then set up a call to go over it with your client. Don’t be the bookkeeper that simply balances the books for another month and then moves on. By learning how to be the best bookkeeper possible for your clients, you are not only going to be able to ask for more money but will also get additional leads from business owners that you already have. Word of mouth can be a very powerful way to acquire new clients!
The route that I highly suggest would be through the online course, Bookkeeper Launch. Here you will not only learn everything about bookkeeping but also how to market your business.
Since this course began back in 2016, it has been the cream of the crop when it comes to online bookkeeping courses. To my knowledge, it was the first one out there and to this day continues to be the best one.
If you are curious, feel free to check it out for yourself by heading over to the full review of the course. You will be glad that you did!
Bookkeeping Startup Costs
When talking about starting a bookkeeping business another major question that you will probably have is the startup costs that you will need. The good news here is that bookkeeping comes with very low startup costs. This is yet another reason why bookkeeping is such a promising business model to pursue.
Some of the things that you will need are:
- home office equipment
- bookkeeping software and security
- scanner
- LLC
- insurance
This is just a quick little rundown to give you a general idea of some of the items that you’ll need. Total startup costs are gonna land somewhere in the ballpark of $800-$1800. As for as startups are concerned, these expenses are very low and part of the reason that bookkeeping is the most profitable business to start.
That range is also going to depend on what you may already have such as home office equipment and supplies.
Also, know that you don’t have to get all these things until you actually need them. For example, there is no need to purchase insurance for your business until you actually begin to go after clients.
Having The Right Mindset To See It Through
Mindset may be the most important part of starting a bookkeeping business of your own. Listen, I have seen firsthand thousands of students successfully start their very own bookkeeping business. A positive mindset is the one thing that every one of these students had in common.
No matter what type of business you may end up starting, the hardest thing that you have to overcome is the power of your own mind. Negative thinking creates doubt and that doubt causes us to give up. Unfortunately, sometimes it doesn’t take much for this to happen either.
Know from the beginning that this does take work and that you must have patience. Commit to seeing the process through and what you will end up with is a thriving bookkeeping business of your own.
Any thoughts that may creep in about Bookkeeper Launch being a scam or not being in-depth enough is a lie to convince yourself that it’s ok to give up. You will not find a more complete and honest course that has your best interest at heart anywhere on the internet. The only way that you can fail is if you allow yourself to fail.
Go into it with an attitude that you are gonna knock this out of the park, expect setbacks, and to have a lot of questions and you will be fine. You can be a few short months away from being a home business owner… how cool it that!
Now that we have gone over some of the basics on how to start a home based bookkeeping business it’s time for you to take the next step to learn more about how to make this a reality for you! Head on over to my complete review of the #1 bookkeeping course online to learn more.
If you have questions drop them below and I will be sure to get back to them ASAP!