A New Business You Can Start For Under £2500 #2

Start Your Own Accountant Business

Listen, If you want to start a business from home you ARE going to need a few quid to start.
It can be a few hundred pounds to start..the more the better of course.

But you will need to advertise, get stationary (cards, flyers etc) so with that in mind we have  started a list of great business ideas that can be done for a small amount of money.

Determine what sort of accounting business you want to start. Most commonly, self-employed accountants maintain very small firms, often including only themselves, any partners, and 1 or 2 administrative staff. 

These firms often cater to individuals for tax preparation or to small businesses for basic accounting, auditing, and tax filing services. 
However, your own expertise and past experience in accounting may lead you to establish a different type of business.

Create a flier outlining your services. Before you do that, you need to know what those services will be. 
If you have consulting experience, for example, you could establish an accounting consultancy firm. Your business could offer clients solutions for streamlining their accounting process and tightening their internal controls. 

Do you want to simply do bookkeeping for a small business? 
A more involved level of accounting would be do actually work up balance sheets, income statements, and other financial reports on a monthly, quarterly, and/or annual basis, depending on the needs of the business. 

Other specializations can include tax accounting, a huge area of potential work. 

Many business owners don't mind keeping their own day-to-day bookkeeping records but would rather get professional help with their taxes.

This might include software training and staffing recommendations.

Entering a specific area of accounting can define your firm's core competencies and set you out from your competitors. 

However, trying to enter too narrow a niche may keep you from getting enough clients to get off the ground. 

In the early years of your accounting practice, try to remain open to any opportunities for new clients.

To learn more about accounting then this is a very useful guide

Also, this is a great book that will help you and doesn't break the bank either!

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