How To Start A Bookkeeping Business, Four Steps To Increase Your Chance Of Success

If you are setting up a bookkeeping business, part of the battle of success is actually being tenacious and keeping going when you feel like quitting

. Obviously if you decide you have made the wrong decision and you are unhappy, there is no need to fight the situation. Your decision to be in business has to suit you and your family, but don't just throw in the towel if you have a rocky start or a few rough days.

Remember that just because you have run the books for a business or many businesses, you are now not only doing your own books, but you are responsible for an entire business. This may reveal that you do not have as much business experience as you think. Being a bookkeeper and running your own business are quite different. Marketing, client relationships, suppliers and multiple demands on your time can be very consuming. It is important to remember, owning your own business is hard work, it is demanding, you don't have a boss, but you are the boss and your attitude whilst it does not guarantee success, a bad attitude or mind set certainly is a catalyst for failure.

Many new business start ups fail. We all have heard the statistics many times over. You need to stay positive and focused on your goals and your business dreams. You can increase your chances of success by taking 4 steps

1. Have the right mindset, remember positive attitude isn't a guarantee but a negative one is a recipe for failure. This may be harder than it sounds, especially after a tough day or few days.

2. Lay a solid foundation for your business by planning, write your business plan and understand what you are entering into, fully prepared.

3. Find the keys to growth and expansion, look at your current opportunities, assess how to expand your client base, do a SWOT analysis.

4. Plan for success, you need to know how you will operate when you are successful, what will you do with 10 clients, 20 clients, 100 clients!

Having the right mindset is vital to your long term business success. You must expect to work hard, you must expect to work long hours, you will not always be an over night success. It is important to remember, laying a solid foundation, working hard, persevering and visualizing your success you can have a profitable thriving business.

by: Julia Nitschke

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