Start Your Bookkeeping Business Today!

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1. Become a Certified Bookkeeper

Small Business Business Ideas. By Alyssa Gregory. Startup costs for a bookkeeping business are minimal.

What Does a Bookkeeper Do?

You can become a specialist in one accounting application for increased marketability. It's consistent work that typically takes place on a regular schedule.

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You can work virtually and broaden your target market. There aren't formal certifications or training necessary although, it's never a bad idea to become certified. Some of the potential challenges you may face if you start a bookkeeping business include:. There could be significant liability issues.

You need to take measures to ensure all client data is kept secure.

How To Start A Virtual Bookkeeping Business | QBOchat

I had a few steady clients, could pay my bills, and was able to set my own hours to spend more time with my very young daughter. It was everything that that I thought it should be. About 4 years into this venture, I gained more clients and hired some subcontractors to handle the overflow — still thinking that I was doing well.

Start Your Own Bookkeeping Business

I thought to myself that I had really made it! What I had done was create a job for myself.

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I had a website, business address and a government-issued business number, so I must have had a business for the last 12 years. One of the first things he showed me, was that all I had done was create a job for myself, not a business.

How to Start a Virtual Bookkeeping Business

He helped me to understand the difference. I first said, not at all — I go on vacation and my business runs fine.

But does it really? I was connected to my business all the time via email, phone, text, and you name it; I was still working even when I was in another location or sitting on a beach. So, could it really run without me, if every decision was still being made by me?

Starting a Bookkeeping Business

If I went away for a month, what would happen? Something had to change. If you sit back and think about it, it makes perfect sense.

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He created an organization that could, and did, run without him. It continues to function, grow and succeed, long after he has gone. Can your business do that? So, where do you begin?