Decrease in Small-Business Bankruptcies

According to a recent Inc.com article by Kathleen Kim, small-business bankruptcies have decreased by about 17% in the last quarter.  Could it be that we’re witnessing an economic recovery?  Often small business success is the barometer of a healthy economy.  If this sector continues to improve at its current rate, we could see another 20% decrease by December, which is where we were at the onset of the recession.

Amy Crews Cutts, Senior Vp and Chief Economist says, “All the conditions are ripe for us to be healthy participants in the economy.  Businesses, small or large, are seeing not only a return to profitability but a reason to expand.”

Self-Employment is a Powerful Option

Many think that a recession is the worst time to launch your own financial practice.  But you can see that now may be the perfect time to start your own business!  And even at the end of this recession, small businesses continue to look for ways to cut expenses, and you could offer them a great alternative that will not only save them money, but perhaps help them earn more.

Small businesses are required by law to keep financial records.  However, most of them cannot afford to keep an accountant on their payroll—that’s where you step in.  As a contract accountant and tax professional, you could manage the finances for multiple small businesses.  You can guarantee to cut their expenses and maximize their earnings which will more than pay for your fees.  What small-business owner wouldn’t recognize the value in that?

Not to mention, there are countless small businesses in need of these services.  If you don’t believe us, thumb through your local yellow pages to see just how many reside in your area.  They represent a huge pool of prospective clients that could keep you busy year-round.

The Professional Bookkeeper Program

Over 30 years ago Universal Accounting Center (UAC) recognized a need.  Small businesses were failing as the result of poor financial management.  And the majority of accountants were not trained to respond to their unique needs.  In creating the Professional Bookkeeper (PB) Program, UAC designed a course that trains students in the day-to-day tasks required by small business.  The PB program not only produces small-business accountants, but Profit Experts who enable the small-business owner to make more informed and lucrative business decisions.

When you enroll in the Professional Bookkeeper Program you have access to the following:

  • Flexible training you complete on your own time and at your own pace
  • Rich and engaging training DVDs you can view again and again
  • Hands-on instruction through which you gain much-needed experience
  • Training in building and marketing your new practice
  • 6 months of valuable follow-up support
  • The opportunity to earn professional certification
  • Our iron-clad risk-free guarantee

The Universal Practice Builder (UPB) Program

But in order for clients to learn just how valuable your services are, they need to learn about them through your marketing efforts.  The Universal Practice Builder Workshop is designed to train you how to promote your practice in order to experience significant growth and profitability.  Imagine all that you could learn from our experience training thousands of individuals like you!

This program offers the following:

  • $30,000 in new annualized billings in only 12 months
  • Tactical goal planning and setting
  • The generation of 15 to 25 qualified leads per month
  • Phone marketing instruction and training
  • Training in the benefits of newsletters and websites
  • 12 proven marketing strategies
  • Financing options

Built a stellar practice by enrolling in these two programs today!  They’ll teach you not only how to understand your clients’ unique needs, but how to satisfy them.  The market is changing; take advantage of it now!  Call 1-877-833-7909 to become the premier contract accountant in your area!

Resource

Kim, Kathleen.  “Small Business Bankruptcies Continue to Drop.”  22 August 2012  Inc.com

Accounting: The Occupation of Champions

If you’re an accountant or want to become one, you’ve picked the occupation of champions.  Not too surprisingly, a large number of CFO’s were first accountants.  And we’re finding that the number of CEO’s with an accounting background is increasing as well.

The workforce is kind to accountants.  Largely due to the retirement of baby boomers, reputable accountants are in high demand. The US Department of Labor has reported that accounting jobs will increase by 16% between 2010 and 2020!  They explain, “There has been an increased focus on accounting in response to corporate scandals and recent financial crises. Stricter laws and regulations, particularly in the financial sector, will likely increase the demand for accounting services as organizations seek to comply with new standards. Additionally, tighter lending standards are expected to increase the importance of audits, as this is a key way for organizations to demonstrate their creditworthiness.”

As eluded to above, some suspect that accountants are being considered for top executive positions due to Enron and other corporate scandals.  Accountants are viewed as professionals who can exhibit more financial accountability then their MBA counterparts.

In April of 2010, Forbes posted a piece entitled “The Most Profitable Small Businesses” in which authors Brett Nelson and Maureen Farrell listed the 20 most lucrative entrepreneurial ventures in the current economy.  Offices of Certified Public Accountants, other accounting services, and tax preparation services ranked in 1st, 3rd and 5th place respectively.

Accounting was also ranked 21st in US News Best Jobs 2012.  The report states, “The Bureau of Labor Statistics projects a 15.7 percent growth for accountants between 2010 and 2020, which is much faster than the average growth for most other professions.  An additional 190,700 accounting and auditing jobs will need to be filled during that time period.”

The forecast for accounting professionals is good, and contract accountants can enjoy greater flexibility and profitability if they can effectively launch and maintain a successful practice.

The Universal Practice Builder Program

Universal Accounting Center is in the business of helping build stronger, more profitable businesses, and we can help you better market your services, enabling you to effectively launch and maintain a successful practice.  Through our Universal Practice Builder (UPB) program, you can attract and retain more clients. Here’s just a sampling of what you will gain from enrolling in this phenomenal program:

  • A guarantee of $30,000 in new annualized billings in only 12 months
  • The skills to become a Profit Expert for each of your clients
  • 12 marketing strategies that you can implement immediately
  • A process which can produce 15 to 25 qualified leads per month
  • 3 months of coaching via telephone and Internet
  • Training to use QuickBooks to attract more clients
  • Access to a plan proven to help retain clients
  • 5 business assessments
  • A customized business website
  • An iron-clad guarantee

Go beyond working as a sole proprietor, managing a few accounts from your home office, and master proven marketing techniques that will significantly grow your practice!  Allow us to show you how.  Call 1-877-833-7909 now to enroll in the Universal Practice Builder Program today.

References

“Accountants and Auditors: Job Outlook.”  www.bls.gov

“Accountant: Job Profile & Salary.”  Money.USNews.com

Nelson, Brett and Maureen Farrell.  “The Most Profitable Small Businesses.”  15 April 2010  Forbes.com

Entrepreneurs: Modern-Day Pioneers

In celebration of Pioneer Day at the end of July, we’re looking at how financial professionals can make pioneer efforts to advance their careers.  Webster.com defines a pioneer as “a person or group that originates or helps open up a new line of thought or activity or a new method or technical development.”  An entrepreneur, who undertakes a certain amount of risk in order to originate a new business or venture, is a modern-day pioneer.

But blazing new trails and taking on the unknown can be daunting.  That’s why it helps to apply tried and true success strategies.  Consider the following three tips:

  1. Find Your Market Niche.  The key to launching a successful practice is in finding a need and then filling it. The need for skilled and qualified bookkeepers has never been greater. Over 500,000 new businesses start-up in the United States every year. All of these businesses require a bookkeeper or accountant, someone who can act as a business’s profit expert. From the flower shop to the bike shop, they all must do accounting. In fact, it’s the law.
  1. Determine your Temperament. Do you have the self-discipline required to work for yourself?  Would you be able to do what it takes to launch a successful practice?  Sometimes friends and family are in a good position to help evaluate us. Listen to their advice and comments, but realize that having weaknesses isn’t always a liability if you are aware of and compensate for them.
  1. Assess the Amount of Work and Passion Required. The truth is, regardless of how passionate you may be about your startup, it will require effort. You’ll have to work hard, especially in the beginning. But the return is well worth it. I have met many people who have not only found success in their bookkeeping and tax practice by earning a better income, but they’ve been able to semi-retire after 12 months. They now work 20 hours a week and make $4000 to $5000 every month. They spend time with their family and do the things they’ve always wanted to do.

Whether or not you’re ready to blaze new career trails by launching your own business is a personal decision only you can make.  But remember that your pioneer efforts could take you to destinations you never before thought possible.

UAC’s QuickBooks Training Program

Earning a Professional Designation is Good for Your Professional Reputation

Whether it’s enhancing your skill-set with a current employer or distinguishing yourself by building credibility with your own clients, the QS designation will stand as proof of your expertise.  To earn this QuickBooks designation you must complete the Professional Bookkeeper’s Guide to QuickBooks (PBG) and pass the final exam with a score of 90% or higher.  And just like that, you receive professional certification!

Additional Benefits

In addition to the skills you acquire in completing the PBG, you will also receive the following:

  • Thorough and complete training on the latest and greatest version of QuickBooks Pro
  • 6 months’ worth of access to our experienced, qualified QuickBooks professional accountants and CPAs to answer your questions
  • Accounting 101 Review
  • 30 hours of Continuing Professional Education (CPE) in most states
  • A 100% money-back guarantee
  • A valuable addition to your reference library

The PBG offers the most competitive QuickBooks training on the market.  Master QuickBooks and become the premier QuickBooks consultant in your area.  Call Universal at 1-877-833-7909 and enroll in the Professional Bookkeeper’s Guide to QuickBooks today!

Bookkeeping Express Announces a 2 for 1 Franchise Offer

Bookkeeping Express, the only US franchise focused solely on providing certified bookkeeping services to small businesses, has announced a 2 for 1 spring deal.  Those who qualify can purchase 2 territories for the price of one, saving a total of $35,000!

Strategic partner of Universal Accounting Center, Bookkeeping Express enables financial professionals to launch their own franchise, which promises the following:

  • Low investment.  While the average franchise startup investment may have been $250,000 three years ago, many rapid-growth franchises today have total investments of $125,000.  A Bookkeeping Express startup is less than $75,000.
  • Rapid breakeven.  Many of the fastest growing franchises boast a breakeven point within the first 18 months of operation.
  • High margins.  According to CPA Trendlines, accounting and bookkeeping firms are posting some of the strongest profit margins in this economy.
  • Strong demand for service offering.  Bookkeeping is a must-do service offering that does not ebb and flow with the economy.

And while the franchise industry can boast a 3% growth this past year, Bookkeeping Express has experienced a 30% franchise growth for its second year in a row!  They have thrived in a recessive market because of all the benefit they offer through the BKE Franchise Community which includes a turn-key business model, a franchise development program, national partnerships, lead assistance programs, and much more!

The BKE Franchise Community includes an entrepreneurial coaching program which does the following:

  • Identifies leads for your business
  • Captures opportunities
  • Trains in creative thinking
  • Trains in necessary communication skills
  • Helps you become more business savvy
  • And more!

In addition to the Franchise Community benefits, you will be given, first-hand, innovative strategies and steps to successful entrepreneurship and new venture formation.

Today Bookkeeping Express boasts more than 40 locations in the US, 3 licensed offices in Canada and plans to open more than 400 new territories!  Franchisees that take advantage of this 2 for 1 deal have the chance to claim prime territories and shape the franchise itself.

Bookkeeping Express believes they can help you fulfill your financial goals and succeed in launching a Bookkeeping Express franchise.  Greg Jones, Chief Executive Officer of BookKeeping Express says, “Entrepreneur Magazine has named Bookkeeping Express one of the fastest-growing franchise systems.  If you are looking to expand/grow your business, Bookkeeping Express can provide the tools for growth.”

See to your professional future today by taking advantage of this special spring deal.  Just mention the offer when you call 703-766-5757 or fill out the inquiry form at www.bookkeepingexpress.com.

CPAs are Lame . . . When it Comes to Bookkeeping

In order to become a Certified Public Accountant most states require individuals to pass the Uniform CPA Examination and meet educational, experiential and ethical requirements.  This can take a lot of time and energy.  But you must be a CPA to do bookkeeping, right?

Wrong!

While only CPAs can audit a company’s books and validate their financial information, you don’t need to become a Certified Public Accountant to act as an accountant or bookkeeper.

What Bookkeepers Do

There are eight steps to the bookkeeping cycle. A bookkeeper performs one or more of these steps and is sometimes called an AAT (accounting technician). In large companies, for instance, the bookkeeping cycle might be divided into departments such as Accounts Receivable, Accounts Payable, or Payroll. While most often these people are referred to as ‘clerks,’ they might also be considered bookkeepers because they are “keeping the books” for a company. In small companies, the bookkeeper may perform the entire bookkeeping process or might just enter data to give to the “accountant.”

What Accountants Do

Someone has to set up the bookkeeping system, monitor it, and interpret the results. These processes are called “accounting.” The accounting process is much less mechanical and more subjective. It begins with designing a system that will benefit the business by capturing the financial information in a useful manner without being overly burdensome to the bookkeeper. Once established, the accountant monitors the system to ensure it is doing what it’s supposed to do. And finally, on what’s generally a monthly basis, the accountant presents the financial statements to business management in such a way that important financial decisions can be made.

You Can Do BOTH without Becoming a CPA

Universal’s Professional Bookkeeper (PB) program will train you in small-business bookkeeping and accounting without requiring you to jump through those CPA hoops. Whether you’re looking to earn a promotion at work or whether are interested in launching your own accounting practice, this course will give you the knowledge, skills and confidence necessary to succeed.

The course includes the following four modules:

1.   Accounting Made Easy.  This module will enable you to master the tools, procedures, and underlying principles that comprise the bookkeeping processes of all businesses. Once completed, you will understand the core building blocks of Accounting and Bookkeeping.

 2.   Practical Small Business Applications.  Apply your understanding of the core accounting principles to specific industries. You will learn to set up books from scratch, do payroll like a seasoned pro, and much more.

 3.   Advancing Your “Account-Ability.”  Set up complete bookkeeping systems and manage the books for a variety of more sophisticated industries.

 4.   Building a Success Accounting Service.  Learn the steps to finding paying clients. You will be fully equipped to start and grow a successful accounting practice.

So, you see, you don’t need to be a CPA to have a thriving accounting or bookkeeping practice.  Universal’s PB program will enable you to train on your own time and at your own pace.  In fact, within a couple months you could earn your Professional Bookkeeper’s Certification and have a growing clientele.

To enroll in the PB program, or to learn how Universal’s training can advance your career, call 1 -877-833-7909 now!

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