What Skills Do You Need To Start A Bookkeeping Business?If you’re thinking about starting a virtual bookkeeping business, there are some key skills you’ll need to be successful. First and foremost, you’ll need strong bookkeeping and accounting skills. If you are brand new to the world of bookkeeping this is something that can be learned so don’t get discouraged if this is where you fall. You’ll also need to be highly organized, detail-oriented, and able to work independently. Starting your own business means that you will have no boss looking over your shoulder so it is up to you and you alone to make this happen. Familiarity with QuickBooks or another accounting software program is also a must. Again, this can quickly be learned on your part. Finally, excellent customer service skills are essential, as you’ll be dealing directly with clients on a regular basis. Let’s put this another way. Your goal is to not just be a number cruncher here but to be the best possible bookkeeper for your clients. Doing so will ensure that your business thrives and that your clients are happy with the service that you provide.
How Do You Market Your Bookkeeping Business?
There are many ways to market your virtual bookkeeping business. You can start by creating a website and blog to promote your services. This is more of a long-term play but it’s also important to get it up as soon as possible because it shows that you are a serious and professional bookkeeper.
Remember that potential clients are going to do some research on you as they consider you to be their new bookkeeper so having a clean website for them to look at is probably going to be the first thing that they check out.
Additionally, you can create social media accounts on popular platforms like Facebook, Twitter, and LinkedIn. I am about to drop a major hint for you here… LinkedIn should become your new best friend!
Finally, you can distribute flyers and brochures to local businesses. Now if your looking to just keep this virtual then obviously you won’t have to worry about this.
Whatever marketing strategy you choose, make sure you are consistent and put in the effort to attract new clients. It will take a little time to get the ball rolling but being consistent WILL pay off for you!
What Costs Come With Starting A Bookkeeping Business?
Starting your own bookkeeping business can be a great way to become your own boss and earn a good income. But like any business, there are certain marketing associated with getting started and keeping the business running smoothly. The nice thing about becoming a bookkeeper is that it has very low start-up costs so it’s easy to get started on a shoestring budget.
Here are some of the most common costs you’ll need to consider when starting a bookkeeping business:
1. Licensing and permits. Depending on your location, you may need to obtain a business license or permit in order to operate legally. This can cost a few hundred dollars or more.
2. Insurance. It’s important to have insurance in place to protect yourself and your business from potential risks. This can cost a few hundred dollars per year or more depending on the coverage you choose.
3. Office space and equipment. You’ll need a place to work and the necessary equipment to do your job, which can cost a few hundred dollars or more depending on your needs.
4. Marketing and advertising. You’ll need to let potential clients know about your business, which can cost a few hundred dollars or more depending on the methods you use.
5. Professional fees. If you plan to hire any professional help, such as an accountant or lawyer, you’ll need to factor in their fees. This can cost a few hundred dollars or more depending on the services you require.
6. Miscellaneous costs. There are always other costs associated with running a business, such as postage, stationery, and so on.
As you can see, there are a number of costs to consider when starting a bookkeeping business. But if you carefully plan and budget for these expenses, you’ll be well on your way to success.
Also, many expenses don’t have to be purchased as you are first getting started. Wait until you actually need them and be sure to figure them into the price that you charge for your bookkeeping services.
Benefits Of Owning Your Own Bookkeeping Business
owning your own bookkeeping business has a number of benefits. Perhaps the most obvious is that you can choose your own hours. This can be a great perk if you have other commitments outside of work or if you simply want a more flexible schedule.The number of clients that you decide to work with is completely up to you. If you want to keep this as a side hustle that’s great! If you want to turn this into your own little bookkeeping empire that’s awesome as well!
Another benefit is that you can often work from home, which can save on costs associated with renting office space. As I mentioned earlier, bookkeeping has very low start-up costs.
You may also have the opportunity to be your own boss and set your own rates, which can be very empowering.
Last but not least, as a top-notch bookkeeper you can help businesses save money by ensuring their finances are in order and finding ways for them to save money in their businesses which should be your ultimate goal here – and that’s always a good feeling!