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27 Replies Last post: Nov 14, 2009 8:09 AM by ideasman

My own business.

Jul 3, 2009 2:31 AM

Click to view Danycount9's profile Professional Danycount9 9 posts since
Oct 28, 2007
Hello Everyone,
I am currently in college majoring in accounting. I always wanted to have my own business, so I was thinking if there's any sort of business I can have while I am finishing my bahelor in Accounting. I am able to come up with $6000, so what can be done anybody? All advices and comments are welcomed.
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Click to view InsciteGirl's profile Authority InsciteGirl 7 posts since
Jul 1, 2009
1. Re: My own business. Jul 3, 2009 6:07 AM
Hi there,

I know a lot of people who have learned Quickbooks or similar programs and provide bookkeeping services to small businesses since you have an accounting background. Are you familiar with this software?

Best of luck!
Click to view LUCKIEST's profile SCORE LUCKIEST 7,926 posts since
Aug 6, 2007
2. Re: My own business. Jul 3, 2009 7:33 AM
My own business, Welcome

Great idea having your own business. Who are you?? Where are you?? When do you graduate??

Majoring in Accounting opens the door to many businesses you can go into. From a Accounting service to a Tax service or last the last post said, a Quickbooks service or a combination of all of the above. You can also become a consultant

You can work from home or have an office or??

Good luck, LUCKIEST
Click to view Danycount9's profile Professional Danycount9 9 posts since
Oct 28, 2007
3. Re: My own business. Jul 3, 2009 11:08 AM
in response to: LUCKIEST
No, I am not really familiar with the software. However, I am quick at learning new thins.So, how do people provide bookkeeping services to companies. Is it from their home, what's the process? Please give as much detail as you can. Thank you for taking your time to reply.
Click to view Danycount9's profile Professional Danycount9 9 posts since
Oct 28, 2007
4. Re: My own business. Jul 3, 2009 11:11 AM
in response to: Danycount9
Well, I live in Florida. I have in mid 20's. I am relatively good in math and know a lot about computers.
Click to view Danycount9's profile Professional Danycount9 9 posts since
Oct 28, 2007
5. Re: My own business. Jul 3, 2009 11:15 AM
in response to: Danycount9
How do I accomplish all that? Do I need a lot of capital?
Click to view awan0454's profile Professional awan0454 4 posts since
Jul 3, 2009
6. Re: My own business. Jul 3, 2009 6:59 PM
in response to: Danycount9
May be online business can work for you if you are motivated. You can earn some money from online activities as well. here is one
www.freedom.ws/adilawan or www.adilawan.ws
give it a try. its 100% legitmate and its a company called Global Domains International (GDI).
Watch the video and try the income calculator as well to see the power of this system. The decision is yours but i can assure you that this system really has the power to generate huge money but it needs hardwork. If you think i can do it then go for it. I am sure you gonna acheive it.

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* Ranked 37th on the "Inc500 List" of fastest-growing US companies by Inc. Magazine
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* Featured in Entrepreneur Magazine
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* Official Member of DSA (Direct Selling Association)

I highly recommend you to watch the video as well as try the income calculator at:
http://www.adilawan.ws/
or
http://www.freedom.ws/adilawan/
info@adilawan.ws
Click to view onpurpose's profile Mogul onpurpose 29 posts since
Jul 2, 2009
7. Re: My own business. Jul 3, 2009 10:33 PM
HI Danycount,

Luckies' suggestion to explore Quickbooks is a great one. At this early stage of your career, as much as I'm a pro entreprenuerial guy, my suggestion to an accounting major is get a job with a mid-size or large accounting firm. Get some exposure to other businesses, maybe even a CPA track. The demand in the accounting field is very high right now.

Your life trajectory coming out of college and becoming a bookkeeper (Quickbooks) versus the potential to be a Chief Financial Officer or CPA is dramatically different. Be patient with starting the business. Gain experience. Save even more money. Get to know yourself even better. You can even work on setting up a business in pre-launch while you work. In a few years, when you have a wade of cash, a few years of experience, and some business connections, consider either buying a business or starting one.

You're playing with a life decision here. The very nature of your question indicates to me that you are very much in a search mode rather than a ready to pull the trigger mode. Nothing is pressing upon your spirit to jump into starting a business. The people I know who started businesses while in college, were obsessed with an idea or desire. Your posting doesn't exude that level of excitement... yet!

Be On-Purpose!

Kevin
Click to view hconnections's profile Authority hconnections 15 posts since
Jul 3, 2009
8. Re: My own business. Jul 3, 2009 10:51 PM
Hi Danycount9,

I have been providing small business bookkeeping services for a few years now. My company offers tax and financial services to small businesses and individuals Nationwide. You might have some luck with brand new businesses. They almost always need a bookkeeper of some sort. Start off small so as not to overwhelm yourself since you are still in college. Some challenges you may face is that you're new to the industry but you could present your services in a sense that you can offer very personable services because you'll be a small bookkeeping service firm. If you don't know Quickbooks, I suggest you learn it quickly because that is a software widely used today. The program itself has many tutorials within so you may be able to teach yourself enough in the beginning to get you through and then build your skills as you go along. You might also want to take an online professional bookkeeping course. Having a designation behind your name will add some credibility. Try visiting www.universalaccounting.com. You will also find a wealth of resources at the American Institute for Professional Bookkeepers www.aipb.org. More business development and resources can be found at my website www.hardgeconnections.com. The important thing is to pace yourself and don't grow too quickly.

Many people are supplementing income online too. In addition to my tax and financial services company, I also run a home-based internet business. Feel free to take a look at my web presentation at www.gcvacations.info and part two of my presentation can be found at www.gcvacations.biz. I'm available to answer any questions you may have. Best of luck to you.
Click to view ps2chiper's profile Professional ps2chiper 3 posts since
Jul 4, 2009
9. Re: My own business. Jul 4, 2009 8:24 PM
I think you should checkout the open souce software side. They have quickbook equivalents that are free to use on Linux. If you are new to small business I would recommend you get invloveld with chinese manufactures as they actually make the goods people sell. You can do that by going on www.alibaba.com . The shopping carts are free, using Magento, OScommerce, or Zen Cart. Then I would start studying Linux like using Ubuntu www.ubuntu.com .

Remember open source software is the most important thing to small business today.
Click to view InsciteGirl's profile Authority InsciteGirl 7 posts since
Jul 1, 2009
10. Re: My own business. Jul 4, 2009 10:54 PM
in response to: ps2chiper
Looks like all these suggetions above are great. With the Quickbooks thing - I don't know much but I do know that a lot of small businesses need help with book keeping. I would suggest that you get "Quickbooks for Dummies" to get started - buy it on amazon used cheap. If then this is something you want to pursue further while still in school - do it since you are comptuer saavy and a fast learner.

My only concern is the time factor. How many units are you taking in school? How many hours do you have per week to dedicate to this business? Things like that you need to consider. Otherwise, you could be putting that 6K to better use somewhere else.
Click to view ps2chiper's profile Professional ps2chiper 3 posts since
Jul 4, 2009
11. Re: My own business. Jul 5, 2009 1:04 AM
in response to: InsciteGirl
I can suggest if you want to try GnuCask. The Linux Quickbooks type money managment software. http://www.gnucash.org/features.phtml . Remember with linux you will never get any virus or hacks on it. also Linux can run on any computer, no matter how old it is. Here is a online manual to Gnu cash
http://www.gnucash.org/docs/v2.0/C/gnucash-help/help.html
Click to view odgrell's profile Mogul odgrell 20 posts since
Apr 10, 2009
12. Re: My own business. Jul 5, 2009 11:31 PM
Hello Danycount9,

I'm also an accounting student and considering doing freelance bookkeeping as well. I'm very good with QuickBooks and creating business plans etc. I was actually beginning the process of putting up flyers but I'm having some trouble getting my first clients. I live in South Florida, which part of Florida are you in? Maybe we can collaborate. Contact me at mgrellbooks@gmail.com
Click to view hconnections's profile Authority hconnections 15 posts since
Jul 3, 2009
13. Re: My own business. Jul 6, 2009 8:37 AM
in response to: odgrell
Hi odgrell,

Just a word of advice... I'm not sure if flyers are the only means you are using to get the word out but its usually a good idea to go above and beyond the general flyer. You may want to try sending out a press release annoucing your bookkeeping services. Many businesses would respect that you are an accounting student and may be willing to give you a shot. You should also try getting out in your community and personally meeting with some of the small businesses in your area. If you can, even try to go to your local city clerk's office to learn about new businesses. Go to networking events. Use these opportunities to hand out business cards.

Best of luck to you.

--
Ktasha, your personal tax partner
www.HardgeConnections.com
Want to start a Home-Based business? www.gcvacations.info
Click to view WrkHrdPlayHrd's profile Professional WrkHrdPlayHrd 4 posts since
Jul 6, 2009
14. Re: My own business. Jul 6, 2009 12:13 PM
Hi Dany,

I'm also a young guy trying to start a small business in accounting services. I am currently working for a CPA firm preparing financials and tax returns for small businesses as well as bookkeeping. I would recommend getting the QuickBooks Certification as it would train you and help you become familiar with the program. You'll also have the certification which looks great for advertisement to new clients. If you can, become a CPA because then a lot of small businesses would want your help. I'm currently working on mine along with other numerous certifications - CB, ABA, ATP (you can probably get the CB for now).

I'm also located in FL - central. Good luck on everything!
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