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2014: There are Currently More Opportunities THAN EVER for Home-Based Bookkeepers

The numbers don't lie - find out why statistically now is a better time than ever to begin your bookkeeping business.
The numbers don’t lie – find out why statistically now is a better time than ever to begin your bookkeeping business.

With 2013 now come to a close, many of you may be thinking about how you will work in 2014. Now is a better time than ever to start a home-based bookkeeping business! It’s why we offer online MYOB training courses, in addition to Reach and Xero, so you can learn how to use the most popular accounting software in the world. But now, let’s give you three tangible reasons why NOW is one of the best times you could start your own bookkeeping business, working from home:

1. Health and Well-Being Reasons

The reasons for starting a home-based bookkeeping business are many and varied, but some of the first are to do with your own physical and mental health. In a post we published earlier this year, we listed five reasons why you should start a home-based business; we’ve also discussed the benefits to your health that working from home can bring, particularly in reducing your stress. Working from home has never been easier, and it’s a trend that’s fast catching on, particularly in the accounting and bookkeeping industry.

2. Cloud Software and Low Capital Investment — Creating More Opportunities

Cloud-based accounting software is also creating more opportunities for home-based bookkeeping businesses. According to market research firm, IBISWorld, in the five years to 2013, revenue in the bookkeeping and payroll industries has reached $2 billion, with an increasing trend among companies to outsource bookkeeping functions due to the higher level of connectedness — thanks in part to cloud-based accounting software.

But there’s even better news for people looking to start their own home-based bookkeeping business: capital investment is extremely low, and for every dollar spent on capital, the industry spends an average of $26.25 on labour. This is largely due to capital investments being small, and usually only include, computers, access to the internet, accounting software and office furniture.

Due to the industry becoming increasingly fragmented — in 2013, there were some 1,892 registered bookkeeping businesses operating in Australia — there’s a huge demand for bookkeeping services, particularly among SMEs, who usually don’t have any payroll or bookkeeping staff employed full-time.

3. LOTS of Work Available — And Accounting Services Growing

According to ABS data, 96 percent of the businesses operating in Australia are small businesses, of which the largest number operate within the construction industry (16.2 percent), followed professional and scientific services (11.7 percent), and rental, hiring and real estate services (10.5 percent). For bookkeepers that are highly skilled in these industries, there’s no shortage of work. That’s why we also offer a Small Business Management Course, to provide bookkeepers, virtual assistants, or simply anybody who wants to work for themselves, with comprehensive training in what you need to know to run or manage a small business.

But for those bookkeepers hoping to strike up a working relationship with a local accountant, there’s good news on that front, too: the accounting services industry has recorded annual growth of 2.9 percent in the four years since 2009, and annual revenue totaling $16 billion, according to IBISWorld.

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If you’re a bookkeeper and you’ve been thinking about starting a bookkeeping business, you know better than anyone that the numbers don’t lie — the time to start that business is now!

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The REAL Benefits of Cloud-Based, ‘Real-Time’ Accounting Programs – A CASE STUDY

Having access to real-time info about their business helped Cheryl and Jim climb from just breaking even to owning two stores.
Having access to real-time info about their business helped Cheryl and Jim climb from just breaking even to owning two stores.

So you’re thinking of starting your own business in bookkeeping — or perhaps a small business in another industry? Cloud accounting programs like MYOB Account Right Live, Reach and Xero can make it much easier for you to start a bookkeeping business from home; these accounting programs can also help existing business owners operate and grow their businesses. And the great news is that EzyLearn now offers courses in all three.

MYOB Account Right Live

Today we’re blogging about MYOB Account Right Live. We recommend this in all of our MYOB training courses — not because it’s the latest version of the hugely popular MYOB software — but because it gives business owners the kind of data they need to run their business efficiently and securely. This was no more evident than in the case of Cheryl and Jim; business owners who discovered that they were literally throwing money away by using an outdated version of MYOB. With the recent addition of our new real-time accounting programs to our suite of products, we figured it’s an apt time to revisit this popular case study.

The Blessings of ‘Real-Time’

Perhaps the biggest bonus with cloud accounting software is that you have access to information about your profits and expenses in real-time. This is enormously useful for small businesses to constantly track how they’re going and make any necessary changes.

We decided to take a look at how one business owner grew a moderately successful business into a totally thriving one by using cloud accounting software to track their expenses.

From a Break-Even Bakery — To Owning Two Successful Stores

Cheryl and her husband, Jim, operated a small neighbourhood bakery in a busy block of local shops. Jim was the baker and pastry chef in residence, while Cheryl, who had previously worked as an account executive at an advertising firm, managed the office side of the business.

“I was used to budgets and targets, so it made sense that I would handle the admin side of the business,” Cheryl tells us. “But, coming from a large-scale ad agency, I had been spoilt for choice in the way of CRM and other software that tracked my sales in real-time,” she says. “I didn’t have any of that with the bakery. Just an outdated version of MYOB!”

Cheryl and Jim estimated that it would take them about a year before they would start to see any real traction with the bakery, but a year had come and gone, and they were still just breaking even.

“Jim would come in and go ‘we had a great day today, heaps of customers’ but at the end of the month we were still struggling with all the expenses, paying our staff and trying to pay ourselves a wage too,” Cheryl says. “Finally I asked my accountant what was going on and he just said ‘update your MYOB.’”

Cheryl comments that having access to data they had previously only received once it was too late was a game-changer. “This sounds funny, but I could see we were spending all this money on flour, but our sales didn’t reflect a need for it,” Cheryl laughs.

“Finally I asked my accountant what was going on and he just said ‘update your MYOB,’” Cheryl says.

“I asked Jim if he was over-ordering because that seemed like the logical answer, but he said he only ordered what was needed,” she says. “This led me to do some investigating.”

What the Data Revealed…

Jim would bake an average of 75 loaves of bread a day, but sales records in MYOB showed they old sold an average of 40 loaves a day; Jim was baking twice as much bread as he needed and all left-over stock was thrown out at the end of the day.

“We were literally throwing our money away,” Cheryl says. “But it was a learning curve.”

Before long Cheryl and Jim implemented various other systems to track their stock, so they could better manage their expenses. Within a year, Cheryl and Jim had completely turned their business around.

“Now we have two shops,” Cheryl says. “Where before we struggled keeping just the one going. Being able to see what we were spending as we were spending it — that changed everything.”

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Basically you’re running blind if you’re not able to see your accounts in real time. The use of cloud accounting software like MYOB Account Right Live, Reach and Xero grants you this, safely and securely. Want to get up to speed with everything MYOB? Our MYOB training courses will equip you with the information you need. Enrol today.

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Entering Credit Notes in Xero (FREE Training Video)

At EzyLearn we are constantly refreshing the content of all our courses, such as our MYOB training course and our Xero training course — which we have recently added to our suite of online training products. Xero is the cloud-accounting software that is fast becoming one of MYOB’s key competitors. So that you can benefit from all the new information that is always emerging about being a bookkeeper and running your own bookkeeping business (or doing the books for someone else’s business) we want to share with you the following video about how to enter a credit note in Xero:

 

 

Where Xero Differs from MYOB

If you’re familiar with MYOB, then you know that when you enter or approve a transaction in MYOB, you can still delete it from the system at a later stage — in the event you need to give a customer a refund, for instance.

In Xero, however, you can’t delete a transaction once it’s been approved. In one sense, this is great for auditing purposes as you can see everything that’s occurred in the account over the past month or quarter or year. But it also means putting through credit notes, which in MYOB is notoriously hard.

The fact that pretty much everything in Xero is easier to do than in MYOB, including entering a credit note, is one key reason why Xero is fast becoming one of MYOB’s biggest rivals. Again, we invite you to check out our new Xero training course. EzyLearn also offers courses in other cloud-based accounting programs, such as Reach.

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Job Reporting in MYOB (FREE Training Video)

Job reporting in MYOB enables companies to keep track of the costs and revenue for each project. It also helps in analysing the sales data of employees and tracking productivity.

We’ve noticed students of our MYOB training courses review this part of the course content more than other parts of the training material, so we thought we’d post this refresher video on job reporting in MYOB.

Sure, some bookkeepers can go a long time without having to use this function, but if they take on a client in the building or construction industry, or a client who wants detailed sales reports, they will suddenly need to know how to set up job reporting in MYOB.

Here’s the video:

Remember, the job reporting function makes it possible to extract highly detailed accounting information from MYOB. For businesses in the heavily regulated building and construction industry, such information is a government requirement.

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How to Set Up Bank Feeds in MYOB – Free TRAINING VIDEO

At EzyLearn we are always updating our course content and when you enrol you can access lifetime membership for free continued updates.

One of the many reasons we became early champions of MYOB Account Right Live when it was first released — the software you’ll learn to use in our MYOB training course — is because of the bank feeds feature. Take a look at the video below for a demonstration on how to set up bank feeds for a business:

The Beauty of BankLink

For a long time, one of the most tedious aspects of the bookkeeping process was the data entry. For bookkeepers with large clients, who had many expenses and transactions each month, the process of manually entering each of those transactions into MYOB could be the most time-consuming parts of the job.

That was until recently when MYOB added the bank feeds feature to their Account Right Live software by entering into a partnership with BankLink which they eventually acquired in 2013. The bank feeds feature in MYOB is a little piece of computer magic that eliminates all of the tedious data entry by automatically feeding transactions from your bank account right into MYOB.

And it’s not just large organisations with many expenses and transactions each month that can benefit from the bank feeds feature in MYOB. Everyone from sole traders through to large corporations can and should use the bank feeds feature.

Remember, enrol with EzyLearn to learn MYOB and take up our lifetime membership offer to receive continuous, free MYOB updates.

 

 

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Is the Death of the Bookkeeper Imminent?

Happy New Year to all our readers! And take comfort in knowing that we think the death of the bookkeeper is FAR from imminent! Read the post to find out.
Happy New Year to all our readers! And take comfort in knowing that we think the death of the bookkeeper is FAR from imminent! Read the post to find out.

All right, so it’s not the most joyful heading we could have gone with on New Year’s Eve, but it’s not actually meant to conjure up doom and gloom! We have  researched and developed new online training courses for Reach Accounting and Xero, which have now been added to our suite of training courses that include the flagship MYOB training course. In the process we’ve spoken to a number of accountants to see what software they’re using, to ensure we’re providing the training courses you need to get a bookkeeping job. This is good news because you can then rely on us to inform you what more you may need to offer clients.

Throughout this process, we’ve come across a number of accountants who are using BankLink, an accounting service we’ve written about previously, which streamlines and automates the data entry portion of managing a client’s account.

The ‘In-House’ Extra Employee

For many accountants the BankLink software, which was acquired by MYOB in June of this year so they could further extend their reach into the accounting space, is being billed as an “extra employee” that never makes mistakes and is comparatively cheaper than the additional in-house bookkeeper or admin person headcount.

The big question for us is: Does this spell the end of the bookkeeper? For instance, think of the way personal computers did away with the need for the office stenographer working in a steno pool? The answer is that this is indeed possible — but this is only if data entry is the sole service you offer. Like most professionals today, the more specialised you are and the more services you can offer, the more likely you are to experience career longevity.

At the end of the day, software is only as good as the person who uses it. If you’re a highly experienced bookkeeper in a particular industry or possess a number of highly sought-after accounting skills, you’ll find BankLink a dream come true in that it eliminates the tedious, time-consuming data entry from your job.

BankLink: Giving You More Time

With more time on your hands, you’ll be able to grow your client-base — a goal for most small businesses and previously only available if you miraculously grew a spare set of hands, or employed a spare set of hands, at least. You may even be able to move your business out of the narrow bookkeeping space into the small business management space.

With the number of new small businesses increasing, the key to their individual survival in a highly competitive marketplace is good management — and who’s more suited to that job than someone with a thorough understanding of account keeping?

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So while BankLink may spell the end of tedious, time-consuming data entry, for the experienced bookkeeper it presents more business and career opportunities — not less. Upskill and enjoy greater career success as a result.

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What is BankLink and Why are So Many Accountants Using It?

Your accountant can access your records easily via BankLink.
Your accountant can access your records easily via BankLink.

As we have freshly rolled out our new Reach Accounting course, as well as our new Xero Accounting coursein addition to our existing and ever so popular MYOB training course — we have been speaking to a number of different accountants across Australia to find out how they currently manage their clients’ bookkeeping needs.

What we’ve discovered during this R&D process is that an increasing number of accountants have told us that they use a service called BankLink, so we thought we’d take a closer look at BankLink to see how it works and what it means for the bookkeeper.

BankLink for Bookkeepers

BankLink is an accounting service that delivers bank transaction data from banks and financial institutions and directly to an accountant, which the accountant then uses to code their clients’ transactions.

For any uncoded data, there are number of online tools that allow an accountant to request additional information from their clients; the coded data is then used for GST, end-of-year tax reports, management reports and various other reports required for tax compliance.

In short, BankLink eliminates all of the data entry usually performed by a bookkeeper, and in June of 2013, BankLink was acquired by MYOB to further facilitate accountants as they manage their clients’ books.

For sole traders and very small businesses that have neither a bookkeeper, nor the time to manage the data entry side of their accounts, their accountant can now manage this for them easily and efficiently, without the added cost of employing an external bookkeeper.

One accountant, extolling the virtues of the BankLink software on the MYOB website calls Banklink his “extra employee; one that never makes mistakes, gets lots done and doesn’t cost much.”

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BankLink is being billed as the future of accounting; the inexpensive future of accounting, where people are being replaced by machines and pieces of software.

So what might that mean for the humble bookkeeper? We look at this in our next post.

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How Would You Like to Earn a Share of $237 Billion?

Want a share of $237 billion? If you're in business it's up for grabs!
Want a share of $237 billion? If you’re in online business it’s up for grabs!

If you spent money on Christmas pressies recently, you’re a small part in the continual climb of online trading in this country. Did you know that in 2012, the value of online trading in Australia reached $237 billion dollars? This represents a 25 percent increase year-on-year, according to the Australian Bureau of Statistics. This increase in online revenue reflects the growing number of small businesses moving their operations online, either in part or entirely — and it’s largely thanks to new technologies facilitating e-commerce for small business.

The Growth of Online Businesses

Prior to 2006 the online marketplace was all but monopolised by the eBays and Amazons, organisations that had the resources to create the necessary infrastructure needed to allow customers to shop entirely online. After 2006, when we first moved our MYOB training courses online, offering a completely online shopping experience was just starting to gain popularity among the small players like ourselves; in the years since, it’s now pretty much become the norm.

As platforms like WordPress have made it possible to create and maintain a website without any design or HTML knowledge, theme clubs like Woo Themes, which provide web-themes to suit a range of different business types, now even include ecommerce plugins that can be linked with a PayPal account.

By offering you services online, you’re opening yourself up to an entirely global customer base, allowing you to offer new or different services than you did before. Since we moved our business online, we’ve also been able to build on our business — this year we added the highly popular Small Business Management Course to our suite of training courses, for example.

For some businesses, moving online is more of a necessity, a way to stay competitive in a world with ever-evolving technologies. For example, new cloud accounting software like Reach (and we offer a course in Reach Accounting too) makes it easier for small businesses to manage their own books, without needing the services of a bookkeeper.

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For many bookkeepers this could spell doom and gloom, or it could provide them with the opportunity to venture into the business of training people on how to manage their own books. As a bookkeeper looking to extend their services into training as well, by setting up a website with an e-commerce facility, you could partner with us to sell vouchers to our training courses.

With a share of $237 billion up for grabs, now is a good time to consider offering your services online, particularly when it’s become so darn easy! We even offer WordPress training courses, which covers setting up ecommerce, so you’ve no excuse for missing out!

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How Do EzyLearn MYOB Training Courses Really Stack Up?

Compare us with some of the competition and we think you'll find we stack up pretty well!
Compare us with some of the competition and we think you’ll find we stack up pretty well!

After operating face-to-face training centres right across Sydney for many years, in 2006 we realised that the future of short-course learning was in an online delivery method. Since then, we’ve offered all of our training courses online, including our most popular MYOB course.

There are plenty of reasons for taking an MYOB course. We recently highlighted a case study example of a couple who completed our course to better  manage their business’ books easily and in real-time (and subsequently saw first hand where they were losing money!) or maybe it’s because you’d like to start a remote bookkeeping business.

Where Might You Do Your Online MYOB Training Course?

Whatever your reasons, you need to learn somewhere. But where is the best place to learn MYOB? We compare three of the leading providers with EzyLearn.

TAFE NSW:

Offers a beginner MYOB course via a face-to-face delivery method at two Sydney campuses: Hornsby or Meadowbank.

Attendance: two evenings a week for three weeks (28 hours)

Cost: $450 (GST exempt)

Trainer: Not specified

Certification: TAFE Plus Statement

Extras: None specified

University of Sydney:

Offers a face-to-face training course at their Newtown campus.

Attendance: one evening a week for two weeks (15 hours)

Cost: $490 (GST exempt)

Trainer: MYOB certified consultant

Certification: Certificate of Completion

Extras: free repeat class

Bizmate:

Offers an online basic MYOB course, online payroll MYOB course and online advanced MYOB course.

Attendance: 6-8 hours of total work, delivered online. Course must be completed within 60 days

Cost: $220 per course ($660 in total)

Trainer: MYOB Certified Consultant

Certification: Certificate of Completion

Extras: None specified

EzyLearn:

Offers five MYOB courses that cover all levels and competencies of MYOB for one price.

Attendance: Delivered online, no timeframe to complete course

Cost: $347 (5 full courses + lifetime access) or

$444 (5 full courses + lifetime access + assessment and certificate)

Trainer: Registered BAS agents and experienced MYOB professionals

Certification: Certificate of Completion with Institute of Certified Bookkeepers accredited training provider logo

Extras:

  • Join the Institute of Certified Bookkeepers for FREE,
  • Unlimited repeat courses FREE (go over as many times as you need, when you need),
  • Lifetime access to course content (Including new material),
  • Access to new and updated training video and other content.
  • Several versions included (version 19 and earlier, and version 2011 and later)

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We believe we’re the best provider of MYOB courses in the country, because we offer up-to-date content in a flexible delivery method, with access to industry professionals and lifetime access to our course content. If you’ve read this far then get all the details at our website. You won’t be disappointed – we promise! Enrol in our MYOB course today.

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‘What’s Your Learning Style?’ Continued: Visual Learning

Visual learning is one of the most common ways people learn.
Visual learning is one of the most common ways people learn.

In our post called “What’s Your Learning Style?” we looked at the ways our students typically prefer to learn, and in our last post, we discussed the characteristics of the kinaesthetic learning style. In this post (are you following? You should be able to if you possess the learning traits of our next learning style!) we’re going to discuss visual learners.

The Most Common Way to Learn – Visually

As our most popular online training course, the MYOB training course, is a software-based course, we have a great deal of visual learners among our students.

Visual learners are those who learn best by seeing them, and find that confusing information is best explained with the aid of a picture or video tutorial.

Visual learners are likely to:

  • Take detailed notes
  • Need quiet study time
  • Benefit from illustrations, presentations and videos
  • Remember diagrams or pictures

About 65 percent of the population are believed to be visual learners, and even though they’re good with written materials, the online learning delivery method didn’t always meet their needs when it came to visual aids. Now, thanks to the internet, learning providers like EzyLearn are able to provide our content online, accompanied by training videos and presentations, so our visual learners now have the added visual aids to help them learn.

Not a visual learner? See our next post on auditory learners.

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What’s Your Learning Style?

Humans all have different ways of learning and absorbing information. Which style are you?
Humans all have different ways of learning and absorbing information. Which style are you?

As Australia’s leading provider of online MYOB training courses, over the years we’ve come to observe the different learning styles of our students. What we’ve witnessed is that everybody has a different approach to learning, and in particular, that a one-size-fits-all approach to learning just isn’t that effective.

While it may not seem like it, the very flexible nature of the online learning environment actually better caters to all of those different learning styles — whether our students are visual, auditory or kinaesthetic learners, we make sure to include something in the content of our online training courses that will make the learning process easier and more engaging.

Broader Content to Reach a Broader Base of Learning Styles

In fact, the different ways people learn was something we came to notice way back when we still operated our physical training centres on the north shore, northern beaches and other parts of Sydney. But we discovered that even though the face-to-face learning environment is the conventional way to learn, it is not necessarily an all-encompassing one.

When we moved our training material online, it presented us with the opportunity to provide a broader range of content that engaged with a broader range of students. In the years since we offered our first online MYOB training course, we have continued to update our content to ensure we’re always engaging with all of our students, regardless of their learning styles.

For those of you wondering what your learning style is, then you wonder no more! We’ve put together a series of posts, outlining the different characteristics of each learning style. Are you a visual, auditory or a kinaesthetic learners? It might help you realise why some techniques just feel natural for you and why some information just tends to stick!

Understanding Your Own Learning Style

Expanding your knowledge of how you learn helps you to learn better and work through the course content more efficiently — it may even help you work more efficiently in the workplace, or with others who may adopt a different learning style to yours.

Why not read first about kinaesthetic learners — could this be you?

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Want to be a teleworker? The Australian Government wants it too

Telework-work from homeSince we closed our Sydney-based training centres in Dee Why, Gordon and Parramatta in 2006 and went 100% online we’ve been able to offer more for a lower price.

For the same price we use to charge for a one day training course in MYOB we are now able to offer ALL 5 MYOB training courses AND provide lifetime course access (INCLUDING updated course content).

You might also recall that our online support team comprises remote workers who operate their own virtual assistant business from all over Australia and even internationally so we are thrilled to be part of the new revolution in remote workers.

We are also very proud to be a Partner of the Australian Government Telework week in the SME (Small Business Sector) and look forward to helping more and more students find work as well as run their own businesses from their own homes.

Remember that we even offer the opportunity to start your own online training business using our established infrastructure AND if you are looking to start your own business as a bookkeeper (or any business for that matter) we now have the Cert IV in Small Business Management on our Learning System.

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Now YOU Can Start Your Own Online Training Business

If you are a bookkeeper, selling online MYOB training courses to your clients could be the perfect complement to your business.
If you are a bookkeeper, selling online MYOB training courses to your clients could be the perfect complement to your business.

We’ve mentioned before how we offer enrolment vouchers for our MYOB training courses, which we sell to training organisations and accountants. The idea is that accountants and other trainers can give their customers additional training without having to having to provide the materials and content themselves.

Are you a Bookkeeper? What about Becoming an Online Trainer Too?

But this also presents the opportunity for existing bookkeepers to extend their businesses into the area of online training. We’re looking to partner with existing bookkeepers who would like to provide online MYOB training courses, for which we’d provide the website, tailored to your business needs.

For bookkeepers, this allows you to extend your business beyond just bookkeeping, and use your knowledge and skills to train others in MYOB without having to provide the course content or the necessary infrastructure to facilitate an online training course to your students.

For EzyLearn, it gives us the opportunity to extend our reach and capture a larger pool of students we may not have previously been able to reach. It also fulfils our goal of helping bookkeepers start their own businesses and take control of their careers.

How Does It Work?

Sound interesting? This is how it would work: you register your interest in working with us, and we would have a conversation about your business goals. If both parties are happy to move forward, we’d provide you with a website, tailored to your needs, and sell you the initial stock — vouchers for EzyLearn’s famous MYOB training course, which you would then sell onto your clients.

The end result is a partnership where we provide the materials and infrastructure to operate a training business. What you do after that is entirely up to you. For instance, you might decide to bundle our online training course with one-on-one training, for which you’d charge extra for your time. The possibilities are endless!

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If you’re interested, please let us know what type of online training partnership you want so we can have a discussion about your goals and what’s on offer.

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If You Don’t Try, You’ll Never Learn: FAILING Helps You Learn

Don't beat yourself up if you get it wrong - all the while you're learning from your mistakes - which is a darn site better than never having tried at all.
Don’t beat yourself up if you get it wrong – all the while you’re learning from your mistakes – which is a darn site better than never having tried at all.

We’ve talked previously about cheating and what’s to be lost by students who cheat, and in particular, what a person has to lose from cheating. Not only do you miss out on learning, you also lose out on the valuable experience of sharing the learning process with others. We believe this is such an important part of the learning experience that we’re even in the process of creating an online community for the students of our MYOB, Word, Excel, and WordPress training courses.

Studying Online? You Can Still Share with Others

When you study online it can sometimes be a lonely business. But we want to change all that, and encourage our students to interact and connect with each other; to share their tips and advice, and make the most of the learning experience.

For people who decide to cheat in their coursework, it’s usually for one reason: they don’t want to fail. But realistically, from the moment they decide to copy someone else’s work, they’ve already failed, but without the valuable experience that comes from trying something and failing: learning.

So you take a test and you get a couple of the answers wrong; at least now you know where you went wrong. It gives you an opportunity to go back over your coursework and try and learn that portion again — or even ask someone.

If you were taking one of our online training courses and you were stuck on a particular portion of the coursework or you got an answer wrong in the test, you can contact someone in the EzyLearn team to help you, or you could discuss the problem with your fellow students, and see how they tackled that question.

Developing the Skill of ‘Problem Solving’

But the important thing is that you’re problem solving; you’re taking steps to resolve a problem. And those problem-solving skills that you employ when you reach a bump in the learning road are invaluable when you operate your own business.

As a business owner you need to be able to problem solve, often on a daily basis. When you reach a problem in your coursework that you’re having difficulty with, by asking questions and talking with others, you’re building up your problem-solving skills, in addition to learning how overcome that particular problem, itself.

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So don’t forget: if you don’t try, you’ll never learn. As business owners, we should exercise our problem-solving muscles from time-to-time, so start now while you’re studying a training course.

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PAID Learning Versus FREE: Nothing Ventured, Nothing Gained

If something is free it can lose its value, prompting some students to cheat when given free courses.
If something is free it can lose its value, prompting some students to cheat when given free courses.

In a previous blog we talked about cheating and employing a cheater and how it can be easy to cheat in your coursework by plagiarising someone else’s work. We all know that people who cheat are really only doing themselves a disservice because they haven’t learned the coursework. That’s a big reason why we include tests at the end of each module in our MYOB training courses — to test our students’ knowledge of the coursework, like bank reconciliation.

Testing to Help Learn Properly

We don’t believe our students are cheaters, or that a test will stop someone from cheating (people always find ways to subvert the system if they really want to), but we do believe that it encourages people to really learn and understand the coursework in order to complete the test successfully.

These are the kinds of employees that companies and business owners are looking for and we try to ensure we give our students the opportunity to be the best and most successful they can be.

Free Business Courses for Unemployed Job Seekers

This raised another question for us about the kinds of courses available and the kinds of students they attract. You may already be aware that the Australian Government offers unemployed job seekers the opportunity to complete a business course for free.

This is certainly a great opportunity for those job seekers who, through no fault of their own, found themselves without work, and maybe even without the necessary skills to find gainful employment again. So the Australian Government offering courses to help people learn and develop the skills they need to re-enter the workforce is a great thing.

But in life, there are always those people who are willing to subvert the system. If these people didn’t exist, there’d be no war, we’d have no need for a police force, or a government — John Lennon’s Imagine would, effectively, have come true.

Cheating the System

But the truth is, people do try and subvert the system, everyday. Just recently we met a person who had completed a small business course, which was paid for by the government, and they told us how they had devised a plan to cheat in the coursework. Not only that, they also convinced their other classmates to do the same.

So each person copied content off the internet, or another person’s assignment, and submitted it as their own work. This defied the whole point of setting an assignment, which is to get the student to apply the work they’ve learned in class and demonstrate their understanding of it. By cheating, you’ve demonstrated nothing other than your knowledge of the copy and paste function on your computer.

Learning to Interpret Things

You’ve also missed out on a valuable opportunity to take the coursework and apply it to something yourself, and then receive feedback from a teacher. These are generally exercises that you’ll face in the real world as a business owner, and the point of taking a course is to prepare you for those situations and give you the knowledge you need to handle them. A key aspect of learning is to take in the facts your presented with and interpret them yourself.

The Problem with ‘Free’

Perhaps the reason those students who cheated were willing to do so was because they hadn’t paid for the course out of their own pocket. It was free, so what was the harm?

Steven Levitt and Stephen J Dubner are the authors of the hugely successful book Freakanomics. In the book they explore the hidden side of everything, which they say all comes back to economics because humans respond to incentives — and we’re presented with different incentives virtually everywhere we look.

For instance, there are numerous ways you are incentivised to be a good driver: you don’t get speeding tickets, you won’t lose points off your license, and your insurance company will give you a no-claim bonus. And those incentives each come with their own economic reward.

A person who cheats in a course they didn’t pay for doesn’t really stand to lose anything in economic terms — it didn’t cost them anything to attend the course in the first place, so if they don’t learn anything, they’re no better or worse off.

The Positives of Paying

For a person who paid to attend a course, however, they do have something to lose if they don’t learn anything — the money they paid for the course — and this is their incentive to work hard and make the most of the course; to get more bang for buck.

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That’s why we offer lifetime access in our MYOB training courses. We know you want to make the most of the coursework, to ensure you’re getting the most value for your money and that you’re going to work harder, as a result. For that reason, alone, that’s what makes you more likely to succeed than those people who had a free ride — because you’ve got something to lose.

We all like something for nothing, but sometimes it comes at a cost. In this instance, there is a lot of truth to the expression, nothing ventured, nothing gained. If you don’t put up the money in the first place, you’ve got no incentive to gain anything as a result.

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EzyLearn Enrolment Vouchers: The Perfect On-Sell for Your Customers Who Would Benefit from MYOB Training!

EzyLearn enrolment vouchers: perfect for on-selling to your clients who would benefit from MYOB training.
EzyLearn enrolment vouchers: perfect for on-selling to your clients who would benefit from MYOB training.

As Australia’s largest provider of online MYOB training courses, we work with people who are looking to start their own bookkeeping business, find a bookkeeping job and even people who just want to learn how to manage the books for their own business. But did you know we also offer enrolment vouchers?

Who’s A Perfect Candidate for our Enrolment Vouchers?

We sell enrolment vouchers to training organisations and accountants who want to be able to provide their customers and clients with the option of taking an MYOB training course. Our enrolment vouchers are offered at a discounted price when purchased in bulk.

Other Training Organisations

A typical scenario might be a training organisation which buys enrolment vouchers because they don’t offer a MYOB course but think it would be of benefit to some of their students. In this instance, they can purchase vouchers from us, which they can then on-sell to any interested students.

Accountants

For accountants with clients who want to be able to do their own bookkeeping, they can also purchase enrolment vouchers from us and on-sell them to their clients.

Each voucher is valid for 12 months from the date that the training organisation or accountant purchases them, giving you 12 months to sell them to your clients and customers, who also get a further twelve months to use the voucher.

For more information, including pricing, please feel free to contact the EzyLearn team, who’ll be able to answer any of your questions.