You also want to start a business checking account. For me, I needed to get a local business license, to register my LLC with the state (when I finally had one), and to get an EIN for my business. Make sure you are checking your local and state regulations. Now, it is also important to figure out what you need to properly be in business.
(QBOchat is just part of my brand, Iconis Group is the actual company name.) Once I started my LLC, that is when Iconis Group, LLC was born. With that change, at first, I was just my name. I started as a sole proprietorship (Schedule C) and was able to invest and become an LLC within a year or so using Legal Zoom. But, remember, I had limited funds to start.
The more you can invest in during the beginning, the easier it will be later on. I would say, you don’t have to be perfect from the start. That has been one of our best blessings over the years. Luckily, we were able to provide a safety net for ourselves with a substantial emergency fund. While that was the initial funding, we also considered how much less our household income would be without me working full-time at a traditional job. My husband and I decided that was how much we were going to put towards my virtual bookkeeping business. Getting Ready to Start a Virtual Bookkeeping Businessīefore you take the leap out on your own, you need to prepare yourself and plan for the type of virtual bookkeeping business you want to create. And, then, I focused on starting a virtual bookkeeping business. That was not an option with that company, so we agreed to part ways so that I could follow my dream. I then joined a global construction company working directly with executives providing management reports and helping team members translate the numbers so they can better manage their projects.Īfter a few years, I got pregnant and wanted the impossible (over 10 yrs ago). I gained experience in forensic accounting, auditing, recruiting, and using technology to help streamline operations. My mission was always to help small businesses through my accounting knowledge. I’m a CPA (not a requirement to have your own bookkeeping business) and I started my career working for a local CPA firm in Atlanta, GA over 15 years ago. But, first, let me tell you a bit more about me and how I came about to start a virtual bookkeeping practice. It includes chapters on hiring and managing employees, staying competitive, and planning for business growth.I’m going to tell you my story on how I built and grew my virtual bookkeeping business. You will learn how to: assess whether running your own business is right for you decide whether to work from home market your services cost-effectively manage your workload and cashflow Whether you are just starting your own business or wanting to expand an existing business, this book will show you how. By following the principles Angie Mohr outlines and using the worksheets that accompany this book, you will be well on your way to owning a successful bookkeeping business.
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Written in the step-by-step style that has made the Start & Run series the best of its kind, this indispensable guide addresses issues specific to a bookkeeping service, such as how to assess which clients are profitable and when to involve a professional accountant. Learn the skills to make your bookkeeping business thrive! Run your own profitable business from home Start your business with just a small investment Learn how to successfully market your services Many bookkeeping services fail because the entrepreneurs who start them focus on bookkeeping and don’t take the time to learn how to plan their businesses and make them profitable.
Many bookkeeping services fail because the entrepreneurs who start them focus on bookkeeping and don’t take the time to learn how to plan their businesses and make them profitable.
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