What are some of your goals for the year? If you're hoping to grow your business, my bookkeeper marketing class may help: finepoints.newzenler.com/courses/bookkeeper-marketing-coach
Not only are you a successful bookkeeper, your RUclips channel is amazing too!!!! Always glad to see a new video post. You are such a wealth of information!! Thank you, Morgan!!
I have about 13 sets of books now as part time. I am right at the cusp of taking it full time. This is my turning point year! Have to replace my full time salary to make it work.
I just discovered bookkeeping as a thing basically, and your videos are helping me get more and more excited about the possibilities! The personal traits required suit me way too well, so thank you for taking the time to make these videos!
We are glad you found Morgan's YT channel as you explore the possibility of starting your own bookkeeping business! Let us know if you have any questions along the way! Krista (FinePoints Admin)
Loved this! I really love your videos and this one was helpful and inspiring! And I love your cozy entrepreneur mentality and approach as well. That one helped me so much too! Thanks for all you do and for all of your wonderful videos, Morgan! 😊
This is so helpful! I didn’t think of breaking it down this way and it is very realistic. Our youngest is going to school this year and I’ll be able to work on my bookkeeping business full time and expend. Right now, I’m at my max and basically can’t take on any more clients but not for too long 😊.
I feel this is a realistic goal, and I really like the spreadsheet. However, clients can leave if they close their business. And as you said, when cleanups are involved (and they usually are) you can definitely make some decent money doing cleanups. So I agree that hitting $90,000 a year is obtainable. Great video!!
Another great video as usual😊 I've had my own small businesses in the past.And have done some of the bookkeeping , but yet i'm not comfortable knowing what steps and reports to give clients. I've loved this five year plan because I hope to retire in about seven years and this would be a great additional income. If you could point me in the right direction on where I should go to start that would be great
Yes, I love that you want to start now, for your goal in 7 years! QuickBooks Online has a lot of free training, mainly about QBO, but also likely talks about reports. Do you know about the free ProAdvisor certification? Search that on my channel, and you can also check my description box for more resources. Maybe try my list of bookkeeper training options. Bookkeeper services: ruclips.net/video/3BPxGm1SIGk/видео.html Training options: finepoints.newzenler.com/f/certification-chart-freebie
Thank you for the great content. I am wondering if getting a bookeeping franchise instead of starting your own business from scratch is a smart route. Obviously the initial investment is much much higher, but in terms of escaling quicker, I m wondering if it’s worth it. Just putting the question out there to see if you or some other experienced bookeppers have any feedback/thoughts.
Thank you so much for all the great info you put out in your videos!! I really wants to became a bookkeeper!!! how can I start? Do you have a course to refer me or a path to follow? Please help me!!!
Morgan personally LOVES Bookkeeper Launch and really hasn't heard of anyone who has been disappointed by the program. They have amazing customer service, they start at the very beginning (for someone who has no experience) and they give you lots of help along the way (group to ask questions, email helpline, calls). The program is quite thorough, so Morgan says make sure you have time to go through all the material. Here is a link to get started: sk293.isrefer.com/go/BLFAQ/ML82/ Morgan also filmed a review of the course here: ruclips.net/video/rHdoIKITirE/видео.html Krista (FinePoints Admin)
Morgan thinks this is a great way to start your bookkeeping business! And you can add more clients as you feel comfortable until you are ready to quite your 6am - 2:30pm job. Morgan thinks you will enjoy the freedom of working for yourself in the end. Krista (FinePoints Admin)
What kind of client would be for $900-$1,000? I feel like a larger business usually has an accounting department at that point or someone an employee on staff.
Yes, this is a good point. I do think those businesses are out there--likely earning 1-5million in gross revenue. But, just because they earn more, doesn't necessarily predict the amount of staff. Some businesses will just be really complex and require more time-intensive bookkeeping... maybe: sending many invoices per month and applying payments, more complex payroll and benefits, tracking classes and pulling specific reports, lots of accounts (on a FB group someone said they had a client with 11 bank/credit cards, whew), or some places give employees credit cards that need to be reconciled to the parent account. In theory, a bookkeeper will be cheaper for them than an accounting department. You're right that these businesses are harder to find, but hopefully there is a spot for a good bookkeeper in their org chart. :)
What are your opinions on someone starting a Bookkeeping business fresh out of bookkeeping school? I have no other background in finance/accountancy other than the bookkeeping course I took, which was a lot like Accountancy 101. I also became QBO certified. Do I need to work for another company/established bookkeeper for a year or two before branching out, or can I start right out of the gate? Ideally I'd like to work for another company/bookkeeper to start so I have a mentor of sorts, in the business, but it's proving difficult to find people that will hire someone with no practical experience.
It’s so beneficial to work for a CPA firm first to get experience. They have set systems that work so well and you learn so much. I feel like if I didn’t have experience, it would be extremely overwhelming to learn everything myself.
Good question! It will depend on your personality and goals. My style is to go for it, start small, and learn as you go. I have a video that talk about that topic here: ruclips.net/video/j9cmEOKylIc/видео.html
@@FinePointsBookkeeping Thank you so much for the response. I received your newsletter as well and I’m working my way through the advice and information you have in there. Thanks again for your encouragement.
What kind of turnover is common in this industry? I have found that my growth is a bit slower because not all clients are a good fit (eg. unresponsive, unprofessional). Some are gained and others are released.
Once you find a client that is a good fit, Morgan has found that they stick around for awhile and there is a low turnover rate. Krista (FinePoints Admin)
Hi! Thanks for watching! What are you wondering specifically, how to start a bookkeeping business? Here's a video with more info about that: ruclips.net/video/QP6O6Qj6bCA/видео.html
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
What are some of your goals for the year? If you're hoping to grow your business, my bookkeeper marketing class may help: finepoints.newzenler.com/courses/bookkeeper-marketing-coach
Not only are you a successful bookkeeper, your RUclips channel is amazing too!!!!
Always glad to see a new video post.
You are such a wealth of information!!
Thank you, Morgan!!
Thank you so much for watching and commenting!
I have about 13 sets of books now as part time. I am right at the cusp of taking it full time. This is my turning point year! Have to replace my full time salary to make it work.
Good to know! 13 is a lot, nice work. Hoping this is your year! 🙌
Wow 13 clients part time is pretty good. Congrats on your success
@ thank you! It’s a lot for sure!
How did you get your clients?
I just discovered bookkeeping as a thing basically, and your videos are helping me get more and more excited about the possibilities! The personal traits required suit me way too well, so thank you for taking the time to make these videos!
We are glad you found Morgan's YT channel as you explore the possibility of starting your own bookkeeping business! Let us know if you have any questions along the way!
Krista (FinePoints Admin)
Loved this! I really love your videos and this one was helpful and inspiring! And I love your cozy entrepreneur mentality and approach as well. That one helped me so much too! Thanks for all you do and for all of your wonderful videos, Morgan! 😊
Thank you so much for the kind words, it means a lot!
This is so helpful! I didn’t think of breaking it down this way and it is very realistic. Our youngest is going to school this year and I’ll be able to work on my bookkeeping business full time and expend. Right now, I’m at my max and basically can’t take on any more clients but not for too long 😊.
I've been there! It's such a game-changer when kids are in school for a chunk of the day. :)
I feel this is a realistic goal, and I really like the spreadsheet. However, clients can leave if they close their business. And as you said, when cleanups are involved (and they usually are) you can definitely make some decent money doing cleanups. So I agree that hitting $90,000 a year is obtainable. Great video!!
Good points! So true that things will definitely change as you go.
I love this, because this is realistic.
I'm glad you think so!
Another great video as usual😊
I've had my own small businesses in the past.And have done some of the bookkeeping , but yet i'm not comfortable knowing what steps and reports to give clients. I've loved this five year plan because I hope to retire in about seven years and this would be a great additional income. If you could point me in the right direction on where I should go to start that would be great
Yes, I love that you want to start now, for your goal in 7 years! QuickBooks Online has a lot of free training, mainly about QBO, but also likely talks about reports. Do you know about the free ProAdvisor certification? Search that on my channel, and you can also check my description box for more resources. Maybe try my list of bookkeeper training options.
Bookkeeper services: ruclips.net/video/3BPxGm1SIGk/видео.html
Training options: finepoints.newzenler.com/f/certification-chart-freebie
@@FinePointsBookkeeping thank you so much.I will definitely check it out
Do you have a list of bookkeepers to refer to us? Thx
Thanks, I think it's achievable!
You're welcome!
Thank you for the great content. I am wondering if getting a bookeeping franchise instead of starting your own business from scratch is a smart route. Obviously the initial investment is much much higher, but in terms of escaling quicker, I m wondering if it’s worth it. Just putting the question out there to see if you or some other experienced bookeppers have any feedback/thoughts.
Morgan does not have any experience with bookkeeping franchises. However, it's certainly an option for bookkeepers.
Krista (FinePoints Admin)
Thank you so much for all the great info you put out in your videos!!
I really wants to became a bookkeeper!!!
how can I start?
Do you have a course to refer me or a path to follow?
Please help me!!!
Morgan personally LOVES Bookkeeper Launch and really hasn't heard of anyone who has been disappointed by the program. They have amazing customer service, they start at the very beginning (for someone who has no experience) and they give you lots of help along the way (group to ask questions, email helpline, calls). The program is quite thorough, so Morgan says make sure you have time to go through all the material. Here is a link to get started: sk293.isrefer.com/go/BLFAQ/ML82/
Morgan also filmed a review of the course here: ruclips.net/video/rHdoIKITirE/видео.html
Krista (FinePoints Admin)
@ Thank you❣️❣️
What do you think about me working from 6 AM to 2:30 PM and then doing bookkeeping for one or two clients on the side afterward?
Morgan thinks this is a great way to start your bookkeeping business! And you can add more clients as you feel comfortable until you are ready to quite your 6am - 2:30pm job. Morgan thinks you will enjoy the freedom of working for yourself in the end.
Krista (FinePoints Admin)
What kind of client would be for $900-$1,000? I feel like a larger business usually has an accounting department at that point or someone an employee on staff.
Yes, this is a good point. I do think those businesses are out there--likely earning 1-5million in gross revenue. But, just because they earn more, doesn't necessarily predict the amount of staff. Some businesses will just be really complex and require more time-intensive bookkeeping... maybe: sending many invoices per month and applying payments, more complex payroll and benefits, tracking classes and pulling specific reports, lots of accounts (on a FB group someone said they had a client with 11 bank/credit cards, whew), or some places give employees credit cards that need to be reconciled to the parent account. In theory, a bookkeeper will be cheaper for them than an accounting department. You're right that these businesses are harder to find, but hopefully there is a spot for a good bookkeeper in their org chart. :)
What are your opinions on someone starting a Bookkeeping business fresh out of bookkeeping school? I have no other background in finance/accountancy other than the bookkeeping course I took, which was a lot like Accountancy 101. I also became QBO certified. Do I need to work for another company/established bookkeeper for a year or two before branching out, or can I start right out of the gate? Ideally I'd like to work for another company/bookkeeper to start so I have a mentor of sorts, in the business, but it's proving difficult to find people that will hire someone with no practical experience.
It’s so beneficial to work for a CPA firm first to get experience. They have set systems that work so well and you learn so much. I feel like if I didn’t have experience, it would be extremely overwhelming to learn everything myself.
Good question! It will depend on your personality and goals. My style is to go for it, start small, and learn as you go. I have a video that talk about that topic here: ruclips.net/video/j9cmEOKylIc/видео.html
@@FinePointsBookkeeping Thank you so much for the response. I received your newsletter as well and I’m working my way through the advice and information you have in there. Thanks again for your encouragement.
@@yanak7159 Yes; I see the wisdom in this.
What kind of turnover is common in this industry? I have found that my growth is a bit slower because not all clients are a good fit (eg. unresponsive, unprofessional). Some are gained and others are released.
Once you find a client that is a good fit, Morgan has found that they stick around for awhile and there is a low turnover rate.
Krista (FinePoints Admin)
How does this work?
Hi! Thanks for watching! What are you wondering specifically, how to start a bookkeeping business? Here's a video with more info about that: ruclips.net/video/QP6O6Qj6bCA/видео.html