A good percentage of the students who complete our MYOB training courses want to start their own business. Getting into any new venture can be daunting if you have never been in business before and if that’s you a bookkeeping franchise might be the way to go. There are many aspects to Small Business Management and they include:
how that business works,
how to get and maintain customers,
how to provide great customer service
how great customer service will bring new customers
ensure you do a consistently great job, and
manage your finances well
The key aspects to consider when looking at a bookkeeping franchise are the costs. When we ran our training courses in Dee Why (Sydney) there were many business owners in surrounding shops and I recall speaking to one franchised business owner who said that he chose the wrong location and his overheads were killing him. This highlights the most important gripe that most people have about a franchise; “what am I paying for?”
Franchising is regulated now which means that bookkeeping franchise operators like all others, now need to disclose more information about existing franchisees. StartupSmart recently wrote about the harsh franchising reality check that a couple went through in South Australia and it’s an interesting read if you want to explore a bookkeeping franchise further. The article quotes Phil Blain, Co-author of The Franchisee’s Guide:
[quote]Thanks to recent legislative changes franchisees are now able to access critical details in the disclosure document like full details of existing franchisees and also people who have left the system.[/quote]
What are you paying for with a bookkeeping franchise?
If the franchise you are researching charges you a percentage of sales it’s good to know exactly how they are going to get you new customers and justify this payment. It’s also important to know that if you buy into a franchise you will have to sell your business to someone who also wants to buy into that franchise. Sometimes the franchiser can have a sale in who buys your business.
The other popular alternative is to go it alone and start your own bookkeeping business by yourself. If you are in this category you will have to spend more time at the beginning choosing your logo and other branding aspects of a small business. You also won’t have the leverage in advertising that a larger company can offer.
MYOB Training Courses
If you are looking for work as an MYOB Bookkeeper and have contemplated buying a bookkeeping franchise feel free to ask questions and share your story at our Facebook page. We have teamed up with Workface to help not only our MYOB Training Course students, but any bookkeepers find work or new customers if they operate their own bookkeeping business. If you are looking for work as an MYOB Bookkeeper feel free to register at their site.
I WAS LOOKING in my top draw and noticed some receipts, bundled by the month, with a bull clip holding them together. Do you know someone who also stores their receipts in a shoebox?
I have, of course, now entered them into our MYOB accounting software. However, it begs the question: How many business people do you know who still store their receipts and other paperwork with way?
The legal requirement to file receipts
Every business owner has the legal requirement to keep their accounting records on file even if your receipts are printed on thermal paper and fade after a couple years.
That’s where Shoeboxed could be a very handy service. It doesn’t matter whether you are a bookkeeper making a recommendation to your client, or whether you’re doing it for your own convenience. A service like Shoeboxed provides you with a cheap form of data entry; they do it all for you and provide the information to you online.
Easy and cheap
When you sign up to Shoeboxed, you can send your receipts to them using reply paid envelopes or by taking a photo using their smartphone application.
If you are a bookkeeper you could recommend this service because the cost of data entry is much cheaper than you could do by yourself, plus you could be doing smarter things for the rate you charge.
If you are a small business owner and you store your receipts in a shoebox you should definitely take advantage of their Start Free offer and see just how well it works.
Their lite plan costs $19.95 per month for up to 50 receipts, that’s 40c to enter a receipt. How many receipts could you enter per hour and how much do you charge per hour. I’m only presenting the information this way because it makes very good economical sense as well as provide you with a system to store and retrieve your receipts.
Bookkeepers could use it
If you have completed our MYOB Training Courses you’ll learn all about the Day-to-Day transactions in Course 2 (of our 5 courses you receive for one low price) and realise the benefit of letting your bookkeeping clients know about this service.
Learn more about Shoeboxed by watching their video below:
More and more students turn to us to learn how to use MYOB bookkeeping software to find a new job, start a bookkeeping business or be more effective in their current job. To reflect our focussed committment to help you get that job we have re-designed our MYOB training course certificate.
MYOB Certificate designed to find you work
If you complete an MYOB Training Course with us, and you successfully complete all the knowledge reviews in each course you will received the revamped MYOB Certificate that looks like the image in this blog post.
Our courses are delivered 100% online and in keeping with that our certificates are supplied via our support site to students as a pdf file that you can print yourself. By keeping everything online we are able to combine 5 courses into one, from Setup to BAS and Reporting, for a very low price and provide you with lifetime access to the training resources.
We provided a free training video about Xero online accounting software and this is another part of our commitment to students studying to be MYOB Bookkeepers. Our Bookkeeping Academy is available to all students completing an MYOB training course and it’s our way of helping to keep you up-to-date with the latest in bookkeeping software and services (like cloud based bookkeeping systems).
To see the price for our courses with MYOB Certificate as well as Microsoft Excel and WordPress, visit our enrolment page. Remember that you get all courses for one price and lifetime access. This means that if you enrol now into our MYOB Training Courses you receive
Five (5) courses from Setup, Day-to-Day, Bank Reconciliation, GST, BAS, Reporting and Payroll for
One low price, and
Lifetime Access to the course and updates
Our MYOB Certificate course is currently being updated to version 12 and as an EzyLearn student you have access to this new material for no extra charge! Make sure you subscribe to receive our updates via email.
It’s the same with Microsoft Excel Courses, you receive access to all levels (9 short courses in total) from Excel beginners to advanced users for one price and lifetime access and we have training material for 2000-2003 versions as well as training material for 2007-2010 versions.
If you are like a lot of students who enrol into our online MYOB and Excel training courses you probably haven’t used your CV in quite a while. I had a situation in 2008 when I needed a CV for a project I was presented with and it was a time consuming task which took a lot longer than I expected.
We’ve been talking to a man who operated his own head-hunting business and he has plenty of experience in not only presenting himself to potential employers, but also as a person who reads resumes, and conducts interviews on a day to day basis.
We also spoke to a professional writer and a rehabilitation consultant and they will share their insights as well as provide tips on how to write the perfect resume, prepare for job interviews, write cover letters and much more. Their team even includes a professional bookkeeper who will share insights about how to find work as a bookkeeper.
One of the tid-bits that I can reveal is the importance of personalising every resume so that the recipient feels like you are talking only to them. Subscribe to their blog and get some great job seeking skills.
Want to read other blog posts about resume writing and tips and tricks to find employment?