So when I started writing my blog post about starting a bookkeeping business I realised I had more tips than could fit into one post so here is the rest of what you need. These are the 'nice to haves' and 'maybes' which appear further down your starting a business checklist ...
There are a number of slightly less important 'nice to haves' and 'maybes' if you're starting a bookkeeping business!
"You can download templates from the internet!"
Or you could ask an established bookkeeper to share what they have, but if you can afford to get your own bespoke documents written then it is better in the long run. It's that chicken and egg situation as to if you can afford these in order to get started.
HMRC Inspection Insurance is really useful, but instead of taking out this insurance individually, I joined the Federation of Small Business which includes the inspection service as part of their membership!
And lastly, think carefully about your sole trader or company name. Our business name Silicon Bullet is from a combination of Silicon Chips for computers and the Silver Bullet being the perfect solution. We do sometimes get people thinking we offer breast implants or small battery-operated devices, but that seems to with most people give them a giggle rather than being bad for business.
Be careful you don't pick a company name with a dodgy acronym, or choose a name from a recently dissolved company that might still have negative reviews knocking around on the internet. Also, ensure you don't use a name already taken in your sector as this will cause problems for you trying to get a domain name and may even result in a cease and desist letter from the other company using the name you chose.
If you are starting as a sole trader and may want to progress to a limited company in the future, it might be worth registering the limited company name now to ensure it is still available when you are ready for the next step.
"So, those are my top tips of nice to haves and maybes!"
If you need help and support with getting going and specific help with Xero or Sage 50 software for you or your client then do get in touch about my hand holding or bookkeeper mentoring services and don't forget to read Starting a Bookkeeping Business - What do you need - Part 1 for my other top tips.
Until next time ...
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more, it may be a great idea to give me a call on 01604 217365 and let's see how I can help you.
Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.
She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.
Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.
You know what they say: if you want something done well ask a busy person!
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