![]() 2) Earn your certificationsįor professionals and aspiring bookkeepers alike, certifications are a powerful way to boost your skills and add additional authority to your brand. It can be 10 pages, or it can be 1 to start, and it doesn’t have to be perfect-it just has to exist. Remember that your business plan is likely to evolve as you learn more about your business in relation to the market. Financials: How will your new bookkeeping business generate cash flow? Will your small business be able to grow over time? Lay out your estimated expenses (including startup costs), revenues, and projected profits for each of your first five years in business.Operations Plan: What will your day-to-day look like? What systems do you plan to put in place to make sure your business functions optimally every day?.Who are you, and what makes you a strong bookkeeping business owner? Management: Can a potential investor or bank trust that you are a good investment? This is where you lay out your experience both in the industry and in leadership.Marketing: How will you get the word out about your business? How will you reach your ideal clients? What strategies will you deploy to generate leads, define your brand in the market, and close deals? What marketing channels and assets will you use to do this?.Competitive Analysis: Who is your competition? Who do they serve? What strengths do they have, and what weaknesses? What makes you different?.What does your research tell you about the likelihood of success for a bookkeeping company in your area? What are the trends? What is the level of opportunity? How much market share are you likely to obtain? Industry Analysis: Outline any market research you’ve done and the results.Overview: Why are you starting this business? How will it be structured? What is the unique value that your bookkeeping business brings to the market?. Executive Summary: Describe the business, its purpose, and your main goals for the company. ![]() It shows that you know what you’re doing, why you’re doing it, and how you will continue to grow in a positive direction over time. This is a necessary document if you think you might seek financing from a bank or other investors. You can also use your business plan to organize your market research, define your target market, your marketing strategy, and how your business will generate regular cash flow. You will refer to it over time to help you make decisions and work toward your goals. Your business plan is like your road map to success. However, if you’re already a CPA or professional bookkeeper, then read on-you’re ready to start your bookkeeping business, and we’re ready to show you how. Gain 1-3 years of on-the-job work experience, earn a couple of certifications, and then venture out to start your own business. Errors in bookkeeping can be stressful at best and financially disastrous at worst.ĭon’t have experience yet? No sweat. While you don’t need to be an expert in every single area, any bookkeeping company must provide reliable, educated services to their clients. If you want to start a bookkeeping business, previous experience as a CPA or bookkeeper is essential.īookkeepers need certification (which we’ll go over later) and a working knowledge of accounting software, best practices, laws, and, in some cases, the tax code. Zero experience or training as a bookkeeper or accountant? No. Zero experience running your own business? Yes. Can I start a bookkeeping business with no experience? You’d better bookmark this page-you’re going to want easy access to this info as you build your bookkeeping business.īut before we dive in, let’s get one major question answered first. We’ve laid out how to start a bookkeeping business in 15 steps. ![]() And we want to help you figure out how to get out there and land your first client. You want to help businesses by starting your own bookkeeping business. If you’re reading this, it means you see the opportunity, and you’ve already asked yourself the important questions every entrepreneur needs to answer. Small businesses everywhere need bookkeeping services to support the financial health of their business. They may also lack the needed training in QuickBooks or other accounting software to keep appropriate records. Many don't have the time to keep up with the necessary data entry. Even part-time bookkeepers stand to do well in today's economy.Įvery business has a regular flow of financial statements, balance sheets, bank statements, and other financial documents to keep in check-and most business owners need help to do so. Top individual full-time bookkeepers can make well over 6-figures. In fact, you’re onto something that could turn out to be quite lucrative for you in the short and long term. Want to start a bookkeeping business but wondering, “Is starting a bookkeeping business profitable?” Oh, it’s profitable, all right.
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