How to Become an Entrepreneur Without Quitting Your Day Job . . . Yet

There’s plenty of reasons why one should consider becoming an entrepreneur. For one thing, the prospect of being one’s own boss is extremely compelling, as are the flexibility to do what you wish with your time and the freedom to work wherever you want. For another, it can also be quite a grand adventure as you will undoubtedly learn countless lessons, both good and bad, as you run and grow your business (or, heaven forbid, fail at it). 

But of course, not everyone has the luxury, resources, and even courage to plunge head-on into entrepreneurship. For most people, taking baby steps and testing the waters is a lot more preferable, if only to keep a steady income from employment and other sources coming in. So if you’re not quite ready to give up your day job just yet, but also want to find out if you’re cut out for the exciting new world of business, here are some of the best tips.

Know what you want to do.

First thing’s first—before starting a business, it only makes sense to know what kind of venture you want to go into. Choosing the right business for you is, therefore, a crucial step, which is why you need to spend some time with your thinking cap on.

Many people go into business because they’re chasing a passion. While this can potentially work, the reality is, it can also be a mistake. This is because as you’re faced with the myriad responsibilities of running a business, you could invariably find yourself veering further and further from something you love; hence, extinguishing that flame and, subsequently, the motivation. 

Possibly a better way of going about it is by starting a business based on what you’re good at. For instance, perhaps you’re an accounting professional or a marketing person, or a technical writer. You can easily leverage your core skills and offer them as services because you already know the nitty-gritty. 

Start part-time.

Again, quitting your day job may not be an available option for you at the moment, but don’t let it stop you from pursuing the business you had in mind. These days, the gig economy makes it possible for just about anyone to go into business for themselves by offering their services part-time. And best of all, it’s easy enough to get started, too. There are, in fact, several online job boards where you can create a profile and connect with potential clients, which is undoubtedly a great start.

On the flip side, the part-time, gig economy works in your favor, too. For instance, running a business means that you’ll need to stay on top of your financials, which can be a challenge, if you’re not well-versed in accounting. Thankfully, you don’t need to hire someone full-time (and pay employment taxes) to take care of your accounting needs, as you can easily hire a CPA through a job site like Upwork—that is, someone who’s qualified in accounting practices and tax laws and well-versed in QuickBooks and other accounting software.

Have the right setup.

Finally, in order to really get your business off the ground, you’ll want to make sure that you have the right setup and tools to operate. This will, of course, vary. If you’re a bookkeeper or a copy editor or a coder, for example, you will undoubtedly need a good computer and maybe even a home office.

Starting a business for the first time can be daunting, but there’s really no requirement to go all out, all in. So go ahead and move at your own pace because success waits for those who move toward it.

Written by

Derek Goodman

Steve Chase, Who knew and now I have a successful accounting business

From a supportive spouse to now running a successful accounting business Steve Chase has a journey to share. Reflecting back to his youth he remembers as a Boy Scout enjoying the personal finance merit badge, who knew this was in his future.

Listen to Roger Knecht and Steve Chase as they discuss starting and building a bookkeeping business. Great advice, some tips, and tricks you don’t want to miss.

Hear what Steve feels we all need to know regarding our future roles in accounting.

Enjoy and remember this, if it’s about accounting, it’s Universal.

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Why Tax Preparation Courses Lead to Great Work From Home Jobs

A Tax Preparation Course Can Help You Start Working From Home

Universal Accounting offers a range of accounting courses designed to help you become your own boss and run a successful accounting business out of your own home. Modern technology has made professional communication and telecommuting more feasible and more accessible than ever, allowing professionals in various industries to work remotely. These innovations have also been a boon to businesses that can recruit top talent remotely and draw upon a much larger pool of independent contractors.

 

Benefits of Working in Tax Preparation

Tax preparation is an industry that isn’t going anywhere any time soon. Companies of all sizes and independent contractors all need to pay taxes at the local, state, and federal levels. Almost 150 million American file tax returns each year. Starting a career as a tax preparation professional means working in an industry that sees compound growth year over year and long-term job security with the right training and experience.

The tax preparation field also offers another distinct benefit – working from home. Many Americans with specialized service-oriented skillsets are choosing to work from home for their freedom and flexibility. Instead of dealing with commuting, dressing for an office workplace, and sticking to a rigid schedule each week, working from home offers comfort, peace of mind, and even money-saving opportunities while cultivating a lucrative career.

Tax preparation courses can be one of the most important parts of getting a tax preparation career off the ground. Tax preparation classes online make it easy to complete required coursework and obtain the certifications necessary to start working from home as a tax preparation professional. Universal Accounting not only provides the courses required to obtain a tax preparation certification, but also the guidance and resources for building and maintaining a client base and running a business as a one-person operation.

 

Why Online Courses Are So Helpful

Whether you have completed some coursework in tax preparation and want to finish your certification or you’re starting from scratch and want to start a career as a professional tax preparer, Universal Accounting has a program that can empower you for the future. Online courses offer the flexibility of a career working from home; complete your courses on your own time and in the comfort of your own home instead of dealing with a strict classroom schedule.

The right qualifications can help anyone stand out in a field. Completing the Universal Accounting’s Professional Tax Preparer course allows you to add “Professional Tax Preparer” to your professional title, helping you stand out among the tens of thousands of tax preparation services currently operating in the United States. This level of qualification can help you land a job at a corporate accounting department or a franchise-based accounting company, but one of the best perks is empowering you to start a career working from home as a tax preparation professional.

 

Benefits of Working From Home

The right tax preparation courses online can help you start a lucrative and fulfilling career working from the comfort of your own home. Many professionals across various industries have started working from home thanks to innovative new project management tools, better communications, and faster internet connections. Taking advantage of these tools and putting the work into growing a client base of your own can provide many tremendous advantages:

  • You can work as much as you want to make the kind of money you want to make. Whether you want to supplement your existing income with a side gig as a tax preparer or build a complete business from the ground up, online courses can provide the guidance and training necessary to truly be your own boss.
  • You can establish strong business relationships that empower your future career choices. You may start your home business doing tax preparation work for friends, family, and neighbors. Before long, you’ll be handling business tax issues for local business owners! These contacts can continue opening new doors for you and recommending new clients, helping you keep your home tax preparation business steadily profitable.
  • Working from home makes it easier to manage work-life balance. This is especially valuable for people with young children. With no need to commute or spend time out of the home in an office, you could potentially save thousands of dollars each year in childcare costs and spend more time with your children while working on your terms.
  • When you work from home as a one-person operation, you won’t need to worry about overhead. You may eventually want to hire staff if your business grows beyond your home office. Until then, you never need to worry about interviewing, hiring, training, or payroll and take only the clients you want.
  • You have the freedom to work the hours you want as hard as you want. Whether you want a simple part-time gig from home or plan on pouring 60 hours or more into your career, working from home offers you more time and more resources to build the type of tax preparation career you want.

All these benefits and more become possible when you have the right training and guidance. Tax preparation courses online from Universal Accounting can become the foundation for your career as a self-employed tax preparation professional.

 

Complete Your Tax Preparation Education Online

You may have experience in accounting but lack the skills to build your own business out of your home. You might also not feel sure about what to expect from working from home; a bit of guidance can go a very long way, providing you with the empowering tools and skills you need to complete your tax preparation certification and become a Professional Tax Preparer.

If you already have an accounting job and want to complete the certifications necessary for starting your own business, it can be incredibly difficult to juggle your job responsibilities and attending courses at a local school. When you choose Universal Accounting, you can complete your coursework on your terms, usually within a matter of weeks as opposed to months. An individual coach will guide you through the program and introduce you to the courses you will need to build your career working from home. You can complete your online course material from the comfort of your own home on a schedule that fits your lifestyle.

Universal Accounting strives to provide an incredible return on your investment in our online courses. If you’re interested in a tax preparation course online that can lay the groundwork for a comfortable, fulfilling, and lucrative career as a tax preparer working from home, call us today at (877) 833-7909 for more information about our online courses.

UPB Role Play Recommendations

To prepare and best present your services when meeting with a prospective client review the “Presentation Basics” section (UPB Module 2 Section XI) within the Universal Practice Builder program. Take notes and discuss them with your coach. Some highlights are as follows:

Strengths:

  • Great eye contact
  • Asking questions
  • Engaging owner in conversation
  • Tone of voice
  • Incorporating their business into presentation
  • Great explanation of diagrams
  • Great close / ask for sale
  • Confidence
  • Sound very knowledgeable

Suggestions:

  • Benefits vs. Services
  • Ask more questions / Too many questions
  • Do not just read from the book
  • More confident in asking for sale
  • Monotone voice
  • Engage owner more in conversation
  • Really listen to what they say
  • Avoid yes/no questions
  • Interested vs. Beneficial
  • Be bold / direct
  • Watch speed
  • Learn to watch body language: engaged, uninterested, etc.
  • Repeat what they have said

Your Introductory Presentation

Introductory Presentation

Building Rapport

The process of relating to and understand another person is key in your marketing efforts. Also known as building a relationship of trust, rapport is needing for the clients to feel comfortable in the relationship.

Talk about your prospects business to determine their needs.

When the conversation turns to what you do, the following can be a guide to set an appointment. You should tailor the presentation to their particular needs, but the pattern should still be the same. This is a good general presentation to memorize until you can give it without thinking. When they ask what you do—the answer is: “I’m a Profit & Growth Expert”

Resonating Questions:
Have you ever felt like you paid more in taxes than you wanted to?
Have you ever wanted to take more money out of your business for your family?

Unique value statement:
That’s what I do, I work with small business owners and managers who want to:
Reduce their taxes
Increase their profits
Make sure they’ve got money in the bank, when they need it, to operate and grow their business.

Bold Claim of results:

I can usually help businesses like yours to: (pick one or two that are most relevant to your prospective client):
– double profits within 60-90 days
– get financials in order within 7-14 days
– cut days receivables in half within 90 days
– reduce costs by at least 10% within 30 days
– (others you can think of yourself based on your strengths, and their needs)

Call to Action:

I don’t know enough about your business to say exactly what I could do for you, but I think it would be important for us to get together to find out. I would be willing to give you 30 minutes of my time this next week. I could give you some time on either ________ or ________, which day is better for you? (Make appointment.)

Great. Just have whatever financial information you have available for us to review, and we’ll explore our options from there.

(If they ask about your rate or fees)—-I don’t charge my clients by the hour, but rather by the amount of work I do for them, so until I get know your needs I’d have a hard time giving you any kind of number—-but—If I can’t save you or make you more than you would pay me, we won’t do business.

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