Business idea boot camp

Own your own business success tips. How to write a business plan so you can start your own business. Digital workbook free printable below so you can write down your ideas as you go through your free business masterclass.

 
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Whether you’ve always worked from home or you're practicing social distancing my golden rules for productive and satisfying days from the home office include the following: -

1. Declutter your workspace

Decluttering all the piles of paper and objects in your workspace is important before embarking on a new work project.  Clutter can make you feel unmotivated and distracted from what you should be focusing on and so, therefore, I find having a clean and tidy workspace is essential to boosting my levels of output while working from home. 

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As a bookkeeper for dozens of restaurants in the past, my kitchen table became a complete nightmare of receipts and papers until I was introduced to Receipt Bank.  Receipt Bank is my go-to tool for eliminating the clutter and helping reduce the number of paper invoices my clients print.  It's wholly based in the cloud so our suppliers can email PDF invoices saving on unnecessary paper. Marie Kondo is my go-to decluttering guru.  She has a great website and books too, plus her NetFlix series is worth a watch if you want to be inspired. 

A while ago I downsized all my online subscriptions into an all in one platform called Kajabi.  After trying Teachable for my first online course I was introduced to Kajabi.  After attending online training with Amy Porterfield I saw Kajabi was much easier to navigate as well as helped me eliminate having multiple different products that weren't working together.

2. Update your skills

Focusing on your technique is more important than speed.  Learning the latest tools and techniques can make or break your working week.  Speed comes eventually as you know your way around your system better.  But working without systems or workflows of any kind can lead to unproductive weeks, months and years. A great business is one that has systems that can be delegated to the team.  Without the right systems and techniques, you'll find yourself wearing all the hats in your business until you reach burn out and feel like packing it all in.  You can do this. Just take a step back and ask yourself "what tool or technique can I implement to resolve this recurring issue that I don't find joy dealing with?"  

3. Specialize

Becoming a specialist in one field helps you generate more leads because you are now known as the go-to person for xxx, rather than the person who dabbles in xy&z. Since becoming a Xero & Receipt Bank specialist, my personal productivity has increased at least 5 x and having all my work on the same systems makes reconciliations a breeze.

4. Decorate your desk

Invest in some cute stationery and yes, it's an important investment because writing your business plan on paper allows more creative ideas to flow.  Every aspiring CEO needs to have a copywriting journal and some type of calendar to track promotional launches, tax deadlines and important anniversaries.  You can plan the year ahead by jotting down ideas for themes you want your next promotions to have.  This is fun. Launches bring in new subscribers to your email list which increased your future revenue.  Dedicating a week every quarter for a launch helps you concentrate your advertising budget heavily in those weeks before and during the launch too.

5. Schedule the important work.  Create before consuming content.

To make your clients wonderfully happy give them consistency and accessibility to you either via email or social media channels.  As a rough rule, I allocate specific days of the week for certain activities, so my clients know when to expect me to access their shops or online Xero files.  Routines don't need to be set in stone but they're a great idea if you're transitioning from being an employee to a self-directed home-based consultant.

 

6. Socialise online

Get social online so you're virtual shopfront always looks open.  Before a client will engage you to do work for them they'll be watching you online for a while to see if you're a good fit for their business.  So show yourself online and share some useful tips and shortcuts that can make your potential clients' lives easier.  They can then click on your link to book a consultation.  We use LeadPages for this.

 

1. Just get one thing done

So today, think about what are you going to do first thing each morning. What actions are you going to take it first thing each morning for the next 52 weeks that move you closer to achieving the goals that you've set for 2020 and next year? (2020 is the year the world is becoming aware of what it wants and so can you.)  Grab a pen and your planner & just write.

 

2. Business challenges

Think about next time you're faced with a challenge or an issue in your business, how are you going to react and what are you going to do that will help you more rapidly get through that challenge and stop it from happening again?  Is there something you need to learn, master or get help with?  Mentors can be a great source of calm when faced with unexpected hurdles.

3. Value your creativity

Next, I want you to know that you may be helping others instead of growing your own business because you don't value your own creativity as much as you should and you deserve to really use your creativity and derive an income from it and enjoy your life as much as anyone else out there. So start putting yourself and your own time first before others and start moving towards your dream ideal lifestyle and after you have done some learning and you feel like you have learned, you've reached capacity for learning in a specific area.

 

4. Trust yourself

Start listening to yourself and trusting yourself and making decisions for yourself and being the leader of your own business and not always asking for a second opinion.  Because ultimately you are the CEO of your own business. Your customers will look up to you and so will your team and so, you need to start making decisions on your own and making decisions for your team and being the leader.

And next, where are you going to hang out?

5. Read and follow successful people

So find out where are people that are more successful than you, hanging out, what are they doing, and can you get into their groups. So maybe in a workshop or down at the gym or at a conference. Start hanging out with other successful people.  People that have already reached the goals that you want to reach and make friends with them.

6. Money struggles

And remember, if you're in a money slump and you're not making the income that you want to right now, just remember it's temporary and it can be overcome and circumstances changes all the way through life. You're going to reach your goals if you just stick with it.

 

 

"Literally, every single business in the world needs a bookkeeper.  It might as well be you!"

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If you’re ready to find a new career working from home, on your schedule, a bookkeeping business could be the answer. 

Here's an overview of what you need to know before making the commitment.

1. What is bookkeeping?

Bookkeeping is the process of summarising and categorising business transactions into reports for business decision making and for lodging mandatory tax returns as required by Taxation Law and Corporations Law.

Bookkeepers do most of the day to day transaction processing for small businesses, like collecting income and paying and recording supplier bills, while accountants are more inclined to focus on the income tax preparation, preparing GST Business Activity Statements and making the end of financial year adjustments. 

Before you decide to open any business you must know the numbers.  Writing out a business plan is a great first step.

According to the Australia Bureau of statistics

At June 30 2019 there were 2,375,753 actively trading businesses in the Australian economy.

In 2018-19 there was a:
· 15.4% entry rate, with 355,722 entries.  

Bookkeeping is one of the most profitable professions due to its' relatively low start-up and operating costs.  

The Taxation Office is never closing for business and so businesses will always be required to calculate their taxes and lodge their taxes to the government.  Of the 13.9 million tax returns lodged in Australia, approximately 71% get help from a professional to prepare their taxes. 

Bookkeeping and accounting are part of a needs-based industry.

Every business owner you know and people in your family and people on your street and people in your social circles need their taxes prepared.

2. How to be a successful bookkeeper

To be a successful bookkeeper you must become an expert in one field at least.  Whether it's construction payroll, retail stock monitoring, hospitality accounts payable, it depends on what you find yourself attracted to.

If you already have experience working in the finance industry, it could make sense to flow on from the industry experience you've already acquired.

If you haven't worked in finance before that's OK too.  There are basic entry-level bookkeeping roles for hard workers prepared to learn the tools and systems so they can have a skill for life.

Put in some time upfront getting skilled so you can work from home for years to come.

3. What experience is required before working as a bookkeeper?

No experience or qualifications are required to start learning how to become a bookkeeper. That said, not everyone will make it as a bookkeeper. 

The desirable qualities for bookkeepers include:

  • Punctuality
  • Attention to detail
  • Self-starter
  • Awareness of timelines and deadlines
  • Consistency

If you're not planning to provide tax advice then you can start working in roles such as debt collection and accounts payable bill management with little to no training.

The secret to managing bookkeeping for multiple companies each week is achieved through systems.  We systemise our client work by applying the SASS Profit formula, as taught to our bookkeeping students in the Blissful Bookkeepers Online Programme.

SASS stands for Simple, Automated, Specified, Systemised. Procedures you can repeat and become competent at fast.

There are so many accounting tools on the market now.  You can choose to work with all and any of them but we've found the key to profitability is specialising in just a few cloud tools.  We dive into this further in our programmes.

4. How do you get clients?

Your message is so important online.  Being a specialist in your field will speak more directly to your ideal customer.  Why would you want to target a specific type of customer for your virtual bookkeeping business? 

Because if, you have interests outside of work then knowing what type of work you like and how you’ll get it done methodically is incredibly important for not allowing your business to take all your time.

There are two general ways to get clients.

1. Organically through family, friends, networking and referrals and

2. Through paid advertising online

You can also apply for bookkeeping roles directly through websites like seek.com or through becoming a freelancer with an accounting firm.

 

5. How do I learn how to become a bookkeeper?

The essential steps to becoming a freelance bookkeeper are:

  • Learn the skills either online through an online programme or through your local college

  • Either apply for bookkeeping roles with an accounting firm so you're exposed to a large variety of companies and your work will be reviewed for accuracy or get some business cards and tell all your friends and family you're starting your own bookkeeping business and spread the word.

  • Decide the industry and accounting software you want to become a specialist in and start building your client base around those clients.  Talk to your potential customers and existing customers so you know what they want.

  • Know your own numbers and set profitable pricing so you can stay competitive while still paying your rent.  For Australian and Kiwi bookkeepers charging anywhere from $65 plus an hour is pretty standard.

  • Buy a domain name and create a landing page or website.  I use 17th Avenue and Kajabi for my websites.  All the design work is done for you.

6. How do I start my bookkeeping business?

Before you start working as a bookkeeper, it's important to have a business name.  You can register for a business name through the www.abr.gov.au

You'll also need to protect yourself and your existing assets with an insurance policy.  Click here for help with your bookkeeping insurance in Australia or click here if you're a New Zealand bookkeeper.  You may also decide to start your own company. Visit ASIC.gov.au for more information.

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Be sure to open a separate business bank account for all your business-related income and expenses in your business name.  Just ask your bank manager what information they require. They may ask for your business name certificate or your Certificate of Incorporation if you've started your own company.

And once you've decided you want to make your bookkeeping business legit, apply for an ABN if you're planning to work for Australian small business owners.  

Even if you’re not sure about starting a bookkeeping business, the step-by-step processes and strategies you’ll learn inside our programmes is designed to help every person make faster progress as a small business owner.

Becoming a Blissful Bookkeeper is a holistic journey.  I want to help you become happy not only financially but in all your personal and business relationships. 

Free online courses

STARTING YOUR BOOKKEEPING HOME BUSINESS 

Freelance bookkeeping online working from home is in demand more now as business owners need to get their taxes lodged, and you can earn up to $65 per hour.

If you want to know how to become a  bookkeeper, Kim Hinkley of Blissful Bookkeepers specializes in mentoring and teaching you how to start your own virtual bookkeeping businesses working from home without experience.

This free 3 part video series will show you the complete blueprint to starting a bookkeeping business and the nuts and bolts about bookkeeping.

Get your bookkeeper home business FREE 3-part video series today and start earning $65+ per hour!

Click the link below to register for the first new live training

How To Grow a Profitable Bookkeeping Business From Home

 

New Domains

1.Why use a website

To have a website is to open the door to your business to the millions of people on the internet.

2. Finding a name

For your first website I recommend buying your domain name either through GoDaddy (USA) of Crazy Domains (Asia Pacific).  You can then buy Wordpress hosting through them and their help desk will help you get your personalised business email address setup as well of your Wordpress website.

3. Need a professional website?

If you're a mum short on time I use and recommend 17th Avenue for my Wordpress website designers.  Affordable and beautifully designed so you can launch your new business faster.

With 70% of my web traffic coming through mobile devices it's super important your website is responsive ie designed with vertical mobile devices in mind.  17th Avenue do this for you!

4. Traffic to your website

You can drive traffic to your website through social media as well as using keywords on your blog.  Watch the free SEO mini-class below.

 

Take the first step to writing your business plan!

Join our tribe of work from home freelancers.  Download the workbook to get started.

Please share with your friends so we can bring you more free content.

Visit www.KimHinkley.com for more small business tips and resources and details of upcoming masterclass details.

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