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.
This 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!
Here are some of the many ways in which you can find clients for your business:
- Word of mouth. Tell your family and friends you have started a business
- Advertise in local newspapers, business magazine etc
- Go to networking events
- Have a website created - make sure the designer know how to design it so that your potential clients will find you when looking
- Add yourself to local business directories, both online and offline.
- Join local business forums and associations
- Join the local Chamber of Commerce or any organisation that deals with start up businesses.
- Have a discount scheme to attract your first clients
- Have a referral program and reward those who bring you clients
A mixture of the above techniques will bring you clients but you must be proactive in this area, especially at the outset. Don't expect customers to come to you - you must find them!
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.
This 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!
Here are some of the many ways in which you can find clients for your business:
- Word of mouth. Tell your family and friends you have started a business
- Advertise in local newspapers, business magazine etc
- Go to networking events
- Have a website created - make sure the designer know how to design it so that your potential clients will find you when looking
- Add yourself to local business directories, both online and offline.
- Join local business forums and associations
- Join the local Chamber of Commerce or any organisation that deals with start up businesses.
- Have a discount scheme to attract your first clients
- Have a referral program and reward those who bring you clients
A mixture of the above techniques will bring you clients but you must be proactive in this area, especially at the outset. Don't expect customers to come to you - you must find them!
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