Anyone can start a bookkeeping business
Why do people think they can become bookkeepers and just start doing people’s books with no experience??
Simply this: Because they can. There are no legal requirements or qualifications needed to start a bookkeeping business.
Like anything, if you do not need to hold a qualification to do something, then anyone can do it, and in many cases – regardless of whether you know how to do it.
The average bricklayer is quite capable of doing his own book-keeping
The average bricklayer is quite capable of doing his own books if he puts his mind to it. He (or she) doesn’t necessarily need a lot of training or experience. It all depends how complex the accounts are.
The bricklayer would probably do as good a job bookkeeping a as a professional bookkeeper would do bricklaying
Many people choose to do their own bookkeeping, simply because (most people think) it really isn’t rocket science. So why do people need self-employed bookkeepers?
The difference between DIY and getting a professional in for many things is quality and time.
Maybe you can add a new electric socket in your house. It might take you 3 hours in total. Or you can get an electrician, and because he is a professional, he does it day in and day out he’ll can do it far neater and in maybe an hour.
Take that to Bookkeeping and the question we ask people who do their own bookwork is how much it does it cost them?
How valuable is their time? What else they could be doing to grow their business instead of doing their books. A plumber may earn $80 per hour, but he can’t earn that if he’s spending 4 hours doing something that may take a professional bookkeeper less than half that. So he has to weigh up $320 of lost income vs. $100.
You may have had experience doing the bookwork for your family business, and think that you can go out and start your own bookkeeping business.
Are you ready to go and start a bookkeeping business
How would you feel if you discovered the bricklayer you had hired only learned his skills from doing a bit of bricklaying around his own home and had never had any formal training or never worked under an experienced bricklayer himself?
We were unfortunate enough to hire a house painter who called himself a “professional”. Anyone can buy a bucket of paint and slap it on the walls – everything may look great initially, but down the track you’ll notice the quality of workmanship, maybe the choice of materials used.
Are you ready to go and start a bookkeeping business with no experience as a freelance or contract bookkeeper?