How To Start An Accounting and Bookkeeping Business?

Answer 1

With the advancement of technology, many accounting and bookkeeping businesses are operating successfully without a huge investment in start-up cost. In fact, many business owners are starting their practices out of their home-based office, which allows them to cut down on huge overhead expenses. Moreover, if you enjoy the subjects of accounting and bookkeeping , then starting this type of business may be an excellent way for you to become a successful business owner.

Most importantly, before you begin giving your two weeks notice to your current employer, follow these 5 simple steps to starting your accounting and bookkeeping business.

1. Keep your current job, while moonlighting as an accounting and bookkeeping professional.

Many business owners who have successful bookkeeping and accounting practices state that entrepreneurs should begin their business on a part-time level. Due to the nature of this type of business, many are able to acquire a couple of clients while working a full-time job. In many cases, this gives the entrepreneur ample time to develop more clientele, as well as establishing trust-worthy relationships.

2. Get your business license.

First, you should begin by thinking of a name that will be memorable, but professional. Then you can file your dba, and get your business license.

3. Create a professional looking resume and marketing materials.

When creating your resume, you need to mention that your intentions are to work as an outsourced accountant or bookkeeper. You want to let people know that your do not wish to be an employee, but rather an outsourced accounting or bookkeeping contractor. Moreover, include as much detail as possible in regards to your qualifications in the accounting and bookkeeping field.

Also, you should create professional looking business cards and brochures with information about you and your services.

4. Look for businesses who need an accountant or bookkeeper on a part-time basis.

The first way to begin searching for prospects who could utilize your services, would be to review job ads. Since, there are already job opportunity ads in your local newspaper or websites, this is would be a great place to begin picking up clientele. You should already be prepared to send out your resume, and possibly an electronic copy of your brochure. Moreover, the internet is one of the best places where you could instantly review job opportunities, and send your resume immediately. There are several great online websites that you should begin searching, such as monster.com, Craigslist.com, and careerbuilder.com.

5. Pass out your marketing materials.

Don’t be afraid to “pound the pavement” in order to pass out your business cards or brochures. Specifically, you should concentrate your efforts in locations where there are small business offices. Many small businesses could utilizes your services, as it is a low cost, yet efficient way to conduct accounting and bookkeeping functions.