Starting up Your Own Bookkeeping Biz

Say you have discovered your calling as a bookkeeper. You've accomplished a certificate course in bookkeeping and have earned some spurs as an apprentice in an accounting firm. Now you are ready to strike out on your own by setting up a bookkeeping practice. Thing is, where do you even start with the skills you have?

Decide on a specific venue for your practice, whether it is located in a room at home you've designated as your office or some office space downtown. Map out your business plan, which includes future expansion plans and projected earnings. Take the time to plan your pricing system; are you charging customers per-hour or monthly and are they reasonable? Once this is done, apply for operating licences with the local business registration authorities.

With the venue and the necessary permits acquired, start securing the various materials you will need for the operation. These include some office furniture, a computer with bookkeeping software, and office supplies like paper, pencils, and other stationery items. You can then start promoting your business to  prospective clients, such as business operators, through various advertising methods.

Crunching the numbers is indeed a tough challenge for people with moderate knowledge of business math. On the bright side, you help business owners keep watch on their finances.