Setting up your Virtual Bookkeeping Business right from your home sounds simple enough.
Designate your Work Space. Setup a place in your home where you will work. Use what you already have in your home to establish your area. Ie repurpose a desk or table and a chair.
Gather your Equipment & Tools. Most everyone has a computer, a smart phone and internet connection. This is all you need to get started.
Choose your Accounting Software. Decide on what Accounting software you want to work with. Sign up for the partner programs, training and get the certifications.I would suggest specializing in one specific accounting software especially when starting out.
Identify your Ideal Client. When you start out you may want to work with anyone who will pay you. You will quickly learn that not everyone out there is a good client for you. The better you can identify the types of business owners you want to work the quicker you will be able to grow your Virtual Bookkeeping Business.
Decide on your Fee Structure. There is no hard and fast rule for what you should charge. When prospects contact me I do a paid discovery call and give them an action plan the includes my price. This price reflects the amount that is worth my time to do the work. Pricing is an art form.
Build a Solid Infrastructure. Developing a work flow for your Virtual Bookkeeping Business will be the key to your success. You need to develop systems & processes for everything i.e. onboarding clients, invoicing, doing the client work, scheduling calls, etc. The good news is that there are many apps that can help you manage your business. I suggest you keep it as simple as possible.
Buy business insurance. Once you get client get business insurance; your homeowner’s does not cover your business.
Finally, never stop learning. Seek out new opportunities to grow your business by learning new skills.