How To Start A Bookkeeping Business, Questions To Help You Write Your Business Plan

If you are thinking about setting up a bookkeeping business

, it is important to create a business plan. Business plans make you think through your ideas thoroughly and make you understand what is required prior to going into business. They are invaluable in planning your business success and are helpful to stay on track when you feel disillusioned.

Your business plan should not be too difficult to write and with the right research should be easily constructed. If you have thought through your bookkeeping business idea, you will be able to answer these questions and then write your answers into the business plan. Additionally, these basic questions will automatically make you think deeper into the topic area and uncover other points you need to consider.

1. What is your business and is there a market for it? This question will make you think clearly about what you are actually doing for your clients. It will make you think about the services you are offering and also it will make you think about the feasibility of your idea.

2. How are you going to capture your market? This question will make you think through your marketing plan and work out how you will be getting clients to notice you. You can even do a SWOT analysis (strengths, weakness, opportunities, threats) and incorporate your findings into your marketing strategy which will form part of your business plan. Getting clients will be a key focus of your business and client generation can sometimes mean the success or failure of your business.

3. How are you going to cost your services? This question not only makes you think about your charge out rate, but it also makes you think about how much income you will receive and how you will be funding your business. This in turn should put you on the path to a budget and cash flow plan, which is once again a component of your bookkeeping business plan.

4. Where are you going to work? This question will actually assist you in many ways. If you are going to be based at home, it will make you consider the entire requirement a home office entails. If you want to be based at client premises, it will make it clear, what type of clients you want to attract. If you decide you need an external office space, it will make you consider the costs. As you can see this basic question, actually feeds into very specific ideas about what you actually want from you bookkeeping business.

As you can see, these 4 easy questions make you think further about the ideas and circumstances surrounding your bookkeeping business and will give you quite a lot of information which can then be incorporated easily into your business plan. Answer these questions and you will be well on your way of writing your own bookkeeping business plan for your new business.

by: Julia Nitschke

POST COMMENT

VoIP PBX Systems - Right Choice for Businesses 7 Tips To A Successful Home Business Immediate Decision Loans: Fast Cash Loans For You Same Day Loans: Prompt Cash Aid For Short Term Unexpected Expenses How To Start A Bookkeeping Business, Start With The End In Mind! Cheap Hidden Spy Cameras-for Maximum Business Security Commercial Landscaping Helps Businesses Grow Reverse Logistics-the right step towards better business gains Business Lawyers in Orange County: Drafting What You Need Postgraduate Studies and Scientific Careers: Venture Business Indian Iphone Development Companies Are The Best In The Business Same Day Cash Loans – Quick Financial Help to Meet Ends Data Entry: Reliable Data Entry Services for Your Business Firms