How to Start a Bookkeeping Business from Home: Plan and Opportunities

Bookkeeping Business Opportunities

If you possess ample experience of working as a bookkeeper or an accountant for any private company, it means you have the basic requirement for initiating a bookkeeping business of your own. Job experience and resources combine to be the prime prerequisites for starting bookkeeping business that is coveted by many.

If you are seriously thinking over venturing into a bookkeeping business of your own, follow these tips for best result.

Plan to Start a Bookkeeping Business from Home

  • Possessing bookkeeping job expertise yourself would help you much on your way to start a bookkeeping business from home. In case you do not have professional training or practical job experience, it is recommended that you should join a short-term bookkeeping course. The best way to get trained and obtain a certificate is to opt for an online training institute.
  • Create a P.O. Box number at the post office. Generally, bookkeeping business owners meet with their clients at their home office. But, it is not ideally preferable to publish addresses of business for anyone.
    P.O. Box number would ensure that you do not reveal your privacy when you advertise your services.
  • Get your business registered with concerned government department. Registration and licensing requirements may vary from one state to another state. Therefore, it is recommended that you get in touch with the Department of Licensing and Department of Commerce located in your area.
  • You would require to obtain related forms and then, you would require to submit them after getting these forms filled up. You are also required to apply for an EIN (Employer Identification Number). Make sure that you have named your business and filed a DBA (Doing Business As) notice before you apply for registration and license.
  • Get a cutting-edge business plan. It should ideally be written by an expert. The business plan should include topics such as your business aim, business description, competitive analysis, operational plans, financial factors and market analysis.
  • Get a separate space at your home for starting your home-based bookkeeping business. You should keep it in your mind that you would require to meet your clients in your office. So, provide the space with all the furnishings that an office requires. It would make a good impression on your visiting clients.
  • Develop topnotch marketing and advertising strategies. Your marketing and advertising tools may include a business card with your contact number and email id printed on it, flyers and simple pamphlets which should mention your bookkeeping services like tax preparation, payroll services and record keeping. If your budget allows, create a website of your business and get it highly optimized. It would ensure instant growth of your business.

These things combine to give a wonderful start to a home-based bookkeeping business.