Want to learn how to start a bookkeeping business? Not sure what steps you should take to make it happen?
Starting a bookkeeping business can be a great way to make money and meet your financial goals. However, starting a business can also take a lot of work as well. You’ll want to take your bookkeeping business launch one step at a time to make sure you get it right.
Here are the 5 steps you need to follow to start your own bookkeeping business.
- Build Your Expertise
If you want to have the best chance of starting a successful bookkeeping business, it’s important to prove to clients that you’re qualified. Getting a bookkeeper certification from a reputable organization can be helpful for proving your expertise.
You should also consider getting certified in any specific accounting software that you’ll be using. Getting the Quickbooks Specialist Certification by the Universal Accounting School, for example, can help you improve your skills and prove your expertise. You may want to check out the course details to learn more.
- Plan Your Business
The next step to starting a small business bookkeeping service is to get organized. You should create a business plan for your bookkeeping business and think through every aspect of how you’ll do business and make money.
You’ll also need to choose a business name and decide on the business structure that you’ll use. You should be sure to weigh out the pros and cons of the different business structures including a sole proprietorship, a partnership, a limited liability company (LLC), and a corporation.
- Choose the Right Software to Use
When building your bookkeeping business, another key decision to make is what bookkeeping software you’ll use. QuickBooks is a very popular option, but there are many others that you can choose from as well.
You should be sure to consider your service offerings and determine how each software compares before making a decision. Choosing the right software to use is very important for bookkeeping companies, so be sure to evaluate your options thoroughly.
- Set Up Your Business
Once you’ve planned out your business and chosen the software that you’ll use, you’ll want to start setting your business up. You may want to design a home office space to use if you’ll be working from home or start looking for a space to rent.
Additionally, you may also want to consider your funding options, set up a business bank account, establish a mailing address, and do other practical things that will help you prepare your business for launch. Also, be sure that you get bookkeeper insurance. This will help protect you from lawsuits in case you make mistakes when performing your duties.
- Create a Marketing Plan
Once you’ve launched your bookkeeping business, you’ll then need to start looking for clients and marketing your services. Be sure that you create a professional website that tells potential clients all about your qualifications and your service offerings.
There are many options for marketing your business but some strategies you may want to use include running pay-per-click (PPC) ads, using social media marketing, using search engine optimization (SEO), and creating a referrals program.
Understanding How to Start a Bookkeeping Business
If you’re trying to learn how to start a bookkeeping business, be sure that you follow the steps above. Starting a bookkeeping business can be rewarding, but you’ll want to make sure that you get started off on the right foot.
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