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Starting a new MYOB bookkeeping business? Got a plan?

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About a week ago from Steve Slisar's Twitter via LinkedIn



start a bookkeeping business as an MYOB bookkeeperWithout a plan, could you be planning to fail?

I AM REGULARLY SURPRISED at the number of our students who are learning how to use MYOB because they want to start their own bookkeeping business.

Many of them already have accounting or bookkeeping qualifications, but these are usually in larger accounting systems and so they learn to use MYOB to apply their accounting skills to help small business owners.

Start a MYOB Bookkeeping Business

I recently wrote about the Australian small business startup scene and have been working with like-minded, successful business owners to put together a series of bookkeeper business building webinars. Indeed, one of the critical parts of starting a new business is the business plan.

To some business owners this is the “art” part of starting a business, particularly if you are starting something from scratch! I’ve often heard people ask:

How can I possibly predict my future income?

How do I work out how much to spend on advertising?

What price should I charge?

What if I don’t get that many customers?

Business plan for your bookkeeping business

National Bookkeeping Business Plan Template
Get a bookkeeping business plan created by a registered BAS agent and get started fast

The best answer I can give is that a business plan is really just some solid information that you have collected from your research about the industry you want to work in.

It’s the best estimate that you can make at the time. But the best part of it is this:

  1. You can always modify your business plan
  2. Your next business plan will be more precise

[quote]The most commonly asked questions I hear about business plans is: Where do get one? Can I see yours?[/quote]

Where can I get a business plan?

The EzyLearn StartUp Course comes with a business plan template that will help you determine, not only the viability of your business, but also how to achieve your business aims. It will enable you to justify to your clients — and yourself — why you charge the fees you do. It is a dynamic blueprint that you can look back on and go over as you need to, in order to remind you of your goals, your business mission statement and keep you on the right path.

Oh, and please don’t underestimate the importance of a business plan. There is a famous quote from Benjamin Franklin:

[quote]“If you fail to plan, you are planning to fail!”[/quote]

The Australian Government’s www.business.gov.au website also has a free business plan template you can modify. Watch their video below:

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5 thoughts on “Starting a new MYOB bookkeeping business? Got a plan?

  1. […] recently wrote about the importance of writing a business plan if you want to start a bookkeeping business. I included a great business plan template that is made […]

  2. […] recently wrote about our MYOB Training students and how many of them want to start a bookkeeping business so I thought we would go through some of the costs involved. Remember that these are the startup […]

  3. […] you explore your local competitors in your bookkeeping business planning process you will start to better understand just how important bookkeeping is. It will make you […]

  4. […] Develop Concepts“. The rest of the course goes through all the skills you need to create a business plan for your new business so it is a great course to do if you are thinking about starting a business. […]

  5. […] is critical. We provide online training for Australia’s most popular accounting software, MYOB, and it’s clear there’s a strong demand for bookkeeping skills in small businesses around the […]

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