Will You Fail? Starting a Bookkeeping Business & Accounting Firm
Published on: December 6 2022 by FeedbackWrench
Will You Fail? Starting a Bookkeeping Business & Accounting Firm
Table of Contents
Will You Fail? Starting a Bookkeeping Business & Accounting Firm
| startTime | durationTime | text |
| 00:00:00 | 00:00:04 | you can be a very good accountant and be |
| 00:00:03 | 00:00:06 | a terrible |
| 00:00:04 | 00:00:07 | entrepreneur business owner or somebody |
| 00:00:06 | 00:00:08 | who's going to start their own gig |
| 00:00:07 | 00:00:10 | because you have to do two things you |
| 00:00:08 | 00:00:11 | have to execute and do the accounting |
| 00:00:10 | 00:00:14 | but then you also have to go and get |
| 00:00:11 | 00:00:16 | sales like you start wearing so many |
| 00:00:14 | 00:00:18 | caps you got to be able to spin that you |
| 00:00:16 | 00:00:20 | have to be able to multitask you cannot |
| 00:00:18 | 00:00:22 | and and by nature most accountants are |
| 00:00:20 | 00:00:25 | behind the scenes high detailed |
| 00:00:22 | 00:00:26 | fine-tooth combed type of people that |
| 00:00:25 | 00:00:28 | are really good at working behind the |
| 00:00:26 | 00:00:31 | scenes and that's fine there's value to |
| 00:00:28 | 00:00:33 | that but unless you're ready to also put |
| 00:00:31 | 00:00:34 | on at least |
| 00:00:33 | 00:00:36 | the sales hat |
| 00:00:34 | 00:00:38 | and then you tok to somebody like us |
| 00:00:36 | 00:00:40 | that can put digital and video and |
| 00:00:38 | 00:00:42 | google ads and assets in place that will |
| 00:00:40 | 00:00:44 | bring them to you but not only do you |
| 00:00:42 | 00:00:46 | have to do sales and prospect and |
| 00:00:44 | 00:00:48 | connect and and peak curiosity and ask |
| 00:00:46 | 00:00:50 | them for meetings and do that |
| 00:00:48 | 00:00:51 | uncomfortable thing of prospecting you |
| 00:00:50 | 00:00:53 | also have to run a meeting |
| 00:00:51 | 00:00:55 | and running a meeting you have to have a |
| 00:00:53 | 00:00:56 | meeting cycle and not only this i'm |
| 00:00:55 | 00:00:57 | giving you the framework like you |
| 00:00:56 | 00:00:59 | haven't even worked out your business |
| 00:00:57 | 00:01:02 | framework yet in your services right and |
| 00:00:59 | 00:01:04 | you can do it i mean this |
| 00:01:02 | 00:01:06 | take my 500 course i will frame this out |
| 00:01:04 | 00:01:08 | for you so quickly and so easily that it |
| 00:01:06 | 00:01:10 | is absolutely worth it is that a good |
| 00:01:08 | 00:01:12 | pitch um but i'm telling you man if you |
| 00:01:10 | 00:01:14 | think that what it's gonna be is you |
| 00:01:12 | 00:01:16 | feeling a little naked and a little |
| 00:01:14 | 00:01:18 | insecure about whether or not you're |
| 00:01:16 | 00:01:20 | credible that's not it and here's the |
| 00:01:18 | 00:01:21 | assurance so here's the good news my |
| 00:01:20 | 00:01:23 | friend |
| 00:01:21 | 00:01:24 | think about these business owners so |
| 00:01:23 | 00:01:26 | first of all if you remember my |
| 00:01:24 | 00:01:28 | outsourced account model it's all about |
| 00:01:26 | 00:01:29 | business owners and their businesses |
| 00:01:28 | 00:01:30 | right because that's where the most |
| 00:01:29 | 00:01:32 | opportunity is they have the most |
| 00:01:30 | 00:01:33 | problems that need solving you're |
| 00:01:32 | 00:01:34 | working with a business checking account |
| 00:01:33 | 00:01:36 | which is better than a personal checking |
| 00:01:34 | 00:01:39 | account when it comes to paying you they |
| 00:01:36 | 00:01:40 | in general need the help and there's a |
| 00:01:39 | 00:01:42 | ton of them right |
| 00:01:40 | 00:01:44 | and there's a entropy itself makes sure |
| 00:01:42 | 00:01:45 | that there's roofers and plumbers and |
| 00:01:44 | 00:01:47 | electricians like there are a lot of |
| 00:01:45 | 00:01:49 | them that need this help right and the |
| 00:01:47 | 00:01:51 | government's not making it any easier so |
| 00:01:49 | 00:01:54 | what you're going to find my friend is |
| 00:01:51 | 00:01:56 | that um |
| 00:01:54 | 00:01:57 | when they're doing their stuff when a |
| 00:01:56 | 00:01:59 | business owner let's just say let's just |
| 00:01:57 | 00:02:00 | imagine you're a concrete guy right and |
| 00:01:59 | 00:02:01 | you're working for something you're like |
| 00:02:00 | 00:02:03 | you know what i want to do my own |
| 00:02:01 | 00:02:05 | concrete for me break off |
| 00:02:03 | 00:02:06 | year one you barely pay your mortgage |
| 00:02:05 | 00:02:08 | you're just making sure you don't go |
| 00:02:06 | 00:02:09 | under you're too you make a little bit |
| 00:02:08 | 00:02:11 | of money maybe you got some help year |
| 00:02:09 | 00:02:12 | three all of a sudden you got help you |
| 00:02:11 | 00:02:14 | started making some money and now they |
| 00:02:12 | 00:02:16 | better tok to you because through this |
| 00:02:14 | 00:02:17 | whole thing all they did was barely |
| 00:02:16 | 00:02:19 | survive they don't understand the |
| 00:02:17 | 00:02:22 | problems that are going on |
| 00:02:19 | 00:02:24 | and on one end of the spectrum they've |
| 00:02:22 | 00:02:26 | been doing their own stuff just holding |
| 00:02:24 | 00:02:28 | on by the seat of their pants |
| 00:02:26 | 00:02:29 | they could do it their themselves on a |
| 00:02:28 | 00:02:32 | real |
| 00:02:29 | 00:02:34 | diy spectrum on this side is them |
| 00:02:32 | 00:02:36 | getting no help doing it themselves and |
| 00:02:34 | 00:02:38 | they are not experts in fact |
| 00:02:36 | 00:02:40 | they'll often have like double counted |
| 00:02:38 | 00:02:42 | revenue they're they don't have bank |
| 00:02:40 | 00:02:44 | accounts set up like that's the worst it |
| 00:02:42 | 00:02:47 | can get is they do it themselves and |
| 00:02:44 | 00:02:48 | they screw it all up but you know what |
| 00:02:47 | 00:02:50 | it's a lot of people doing that and then |
| 00:02:48 | 00:02:53 | on the other side let's just say they go |
| 00:02:50 | 00:02:55 | to the most credible confident high |
| 00:02:53 | 00:02:56 | caliber high protein accounting firm |
| 00:02:55 | 00:02:59 | that's out there |
| 00:02:56 | 00:03:01 | that's going to cost them a fortune |
| 00:02:59 | 00:03:03 | think of the gap there you know how many |
| 00:03:01 | 00:03:05 | people are like halfway and below on |
| 00:03:03 | 00:03:07 | that |
| 00:03:05 | 00:03:09 | at minimum you should be encouraged that |
| 00:03:07 | 00:03:11 | you as an organized person simply |
| 00:03:09 | 00:03:13 | helping them a little bit will add so |
| 00:03:11 | 00:03:15 | much value because what you don't |
| 00:03:13 | 00:03:18 | understand is that a business owner |
| 00:03:15 | 00:03:20 | wears all these caps and some of them |
| 00:03:18 | 00:03:22 | are so hardwired towards sales so |
| 00:03:20 | 00:03:24 | hardwired towards you know the mechanics |
| 00:03:22 | 00:03:26 | of executing in their job that the |
| 00:03:24 | 00:03:27 | finances the mark like there's marketing |
| 00:03:26 | 00:03:29 | and finance there's kind of these |
| 00:03:27 | 00:03:31 | different vertikals within the business |
| 00:03:29 | 00:03:33 | and different hat that they are |
| 00:03:31 | 00:03:35 | significantly different um types of |
| 00:03:33 | 00:03:36 | thinking like it's using a whole |
| 00:03:35 | 00:03:38 | different hemisphere of their brain and |
| 00:03:36 | 00:03:40 | by the time they get to the end of their |
| 00:03:38 | 00:03:41 | day the end of the week the month the |
| 00:03:40 | 00:03:43 | quarter and the year |
| 00:03:41 | 00:03:44 | their decision making their attention |
| 00:03:43 | 00:03:47 | span and everything that they have in |
| 00:03:44 | 00:03:49 | them is no longer capable of doing this |
| 00:03:47 | 00:03:50 | thing that they hate doing they don't |
| 00:03:49 | 00:03:53 | know how to do they second guess |
| 00:03:50 | 00:03:54 | themselves they do it wrong and it sucks |
| 00:03:53 | 00:03:56 | life from them |
| 00:03:54 | 00:03:57 | just watch a guy i was just so i'll tell |
| 00:03:56 | 00:03:58 | you a story right now i was just on the |
| 00:03:57 | 00:04:00 | phone with a friend of mine from high |
| 00:03:58 | 00:04:02 | school he runs his own custom cabinet |
| 00:04:00 | 00:04:05 | shot he's been his own diy guy single |
| 00:04:02 | 00:04:07 | owner llc doing his own thing and him |
| 00:04:05 | 00:04:09 | and his wife are having conflict because |
| 00:04:07 | 00:04:11 | of taxes and i'll tell you what |
| 00:04:09 | 00:04:13 | the taxes the bookkeeping and all that |
| 00:04:11 | 00:04:15 | just eats at them because what they've |
| 00:04:13 | 00:04:18 | done is up to this point for like 15 20 |
| 00:04:15 | 00:04:19 | years is you know he just kind of |
| 00:04:18 | 00:04:20 | wings it |
| 00:04:19 | 00:04:21 | well then what happened is last year |
| 00:04:20 | 00:04:23 | something happened you made a little |
| 00:04:21 | 00:04:25 | more money and then a little less money |
| 00:04:23 | 00:04:27 | and all of a sudden boom that |
| 00:04:25 | 00:04:30 | you're about to have a 15 |
| 00:04:27 | 00:04:32 | five thousand thirty five fifty thousand |
| 00:04:30 | 00:04:34 | dollar tax bill you didn't know about |
| 00:04:32 | 00:04:36 | and your wife is asking you about it you |
| 00:04:34 | 00:04:37 | know what that does to you turns you |
| 00:04:36 | 00:04:40 | into a crabby dad i'll tell you that |
| 00:04:37 | 00:04:44 | much turns you into a bad business owner |
| 00:04:40 | 00:04:45 | it eats your soul my friend |
| 00:04:44 | 00:04:47 | again |
| 00:04:45 | 00:04:48 | that's over here don't you think you can |
| 00:04:47 | 00:04:50 | help |
| 00:04:48 | 00:04:52 | i think you can help my friend i think |
| 00:04:50 | 00:04:53 | that if you just take your skills of |
| 00:04:52 | 00:04:55 | being organized and understanding |
| 00:04:53 | 00:04:56 | accounting and bookkeeping and just help |
| 00:04:55 | 00:04:58 | them stay organized shoot there's a |
| 00:04:56 | 00:05:00 | whole atm there's a whole sphere of |
| 00:04:58 | 00:05:02 | business owners that are just virtual |
| 00:05:00 | 00:05:03 | accountants or virtual assistants and |
| 00:05:02 | 00:05:05 | they don't even know how to do |
| 00:05:03 | 00:05:07 | accounting really you can come in and |
| 00:05:05 | 00:05:09 | add a ton of value my friend so my |
| 00:05:07 | 00:05:11 | answer is screw the mba screw higher |
| 00:05:09 | 00:05:13 | education there's a whole bunch of |
| 00:05:11 | 00:05:16 | reasons for that it is the most stacked |
| 00:05:13 | 00:05:18 | up inflationary thing it is not worth it |
| 00:05:16 | 00:05:19 | unless you want to go to big business |
| 00:05:18 | 00:05:22 | and even there entrepreneurship's not |
| 00:05:19 | 00:05:24 | easy this is hard but you know what |
| 00:05:22 | 00:05:26 | you can put that tea time |
| 00:05:24 | 00:05:27 | i was toking to the same business owner |
| 00:05:26 | 00:05:29 | right so i was toking to my buddy |
| 00:05:27 | 00:05:30 | and i'm like he's like man i just part |
| 00:05:29 | 00:05:32 | of me wants to get out of here and go |
| 00:05:30 | 00:05:34 | work for somebody else because this just |
| 00:05:32 | 00:05:35 | pisses me off and he was toking about |
| 00:05:34 | 00:05:37 | how he gets in arguments with his wife |
| 00:05:35 | 00:05:39 | about how he spends his time right |
| 00:05:37 | 00:05:41 | because i said well the good news is you |
| 00:05:39 | 00:05:42 | know one bad thing is that work follows |
| 00:05:41 | 00:05:43 | you on the nights and weekends if you |
| 00:05:42 | 00:05:46 | allow it |
| 00:05:43 | 00:05:48 | but on the other side |
| 00:05:46 | 00:05:50 | you kind of set your own schedule right |
| 00:05:48 | 00:05:51 | you you can you can do whatever you want |
| 00:05:50 | 00:05:54 | you want to go on that trip go on that |
| 00:05:51 | 00:05:55 | trip you got to afford it |
| 00:05:54 | 00:05:56 | if you want to go and have the tea time |
| 00:05:55 | 00:05:57 | and play some golf you want to go |
| 00:05:56 | 00:06:00 | fishing you want to go on a hunting trip |
| 00:05:57 | 00:06:01 | you want to work remotely like me myself |
| 00:06:00 | 00:06:03 | if i didn't have a family here i could |
| 00:06:01 | 00:06:06 | seriously do whatever i want everything |
| 00:06:03 | 00:06:08 | i do is on this laptop right here short |
| 00:06:06 | 00:06:09 | of making these videos and i could work |
| 00:06:08 | 00:06:11 | wherever i want whenever i want i could |
| 00:06:09 | 00:06:12 | make bank right |
| 00:06:11 | 00:06:14 | now |
| 00:06:12 | 00:06:16 | he goes you know what i always do every |
| 00:06:14 | 00:06:18 | other week i got a tea time and i hit it |
| 00:06:16 | 00:06:20 | my wife hates it but |
| 00:06:18 | 00:06:22 | there's benefits to this not only that |
| 00:06:20 | 00:06:24 | you can make some serious wealth you can |
| 00:06:22 | 00:06:25 | integrate there's all sorts of reasons |
| 00:06:24 | 00:06:27 | to start your own business and i think a |
| 00:06:25 | 00:06:30 | lot of you are called to do it but if |
| 00:06:27 | 00:06:31 | you can't run meetings and get sale some |
| 00:06:30 | 00:06:33 | prospect |
| 00:06:31 | 00:06:36 | doesn't matter how credible you feel now |
| 00:06:33 | 00:06:38 | that being said it's a lot easier to |
| 00:06:36 | 00:06:39 | prospect it's a lot easier to sell it's |
| 00:06:38 | 00:06:41 | a lot easier to get behind your |
| 00:06:39 | 00:06:43 | marketing system if you work with us and |
| 00:06:41 | 00:06:45 | create videos if you are competent so my |
| 00:06:43 | 00:06:46 | suggestion for you is get your cpa or |
| 00:06:45 | 00:06:48 | enrolled agent if you want that |
| 00:06:46 | 00:06:50 | credibility forget the mba get your |
| 00:06:48 | 00:06:52 | college degree get out go work in a firm |
| 00:06:50 | 00:06:54 | if you want some real experience go call |
| 00:06:52 | 00:06:56 | the local cpas around you and say hey |
| 00:06:54 | 00:06:58 | tell you what wondering if you need help |
| 00:06:56 | 00:06:59 | during this tax season |
| 00:06:58 | 00:07:01 | don't tell me you're starting to infirm |
| 00:06:59 | 00:07:03 | all of these guys need help they need |
| 00:07:01 | 00:07:04 | good help unemployment for accountants |
| 00:07:03 | 00:07:06 | is |
| 00:07:04 | 00:07:08 | worse than it is in the trades okay so |
| 00:07:06 | 00:07:10 | that would be my recommendation to you |
| 00:07:08 | 00:07:12 | good luck god bless i hope that helps if |
| 00:07:10 | 00:07:14 | this is helpful okay i'm trying to make |
| 00:07:12 | 00:07:15 | sure that i give stuff away okay if |
| 00:07:14 | 00:07:16 | you're just looking to start your own |
| 00:07:15 | 00:07:18 | business there's two things i want you |
| 00:07:16 | 00:07:20 | to do number one if that was helpful go |
| 00:07:18 | 00:07:22 | to this support the channel and there's |
| 00:07:20 | 00:07:25 | a link in the description here too and |
| 00:07:22 | 00:07:27 | give me money |
| 00:07:25 | 00:07:29 | if you give a donation well there's two |
| 00:07:27 | 00:07:32 | bucks right this google ad spender this |
| 00:07:29 | 00:07:34 | google adsense does it's not it doesn't |
| 00:07:32 | 00:07:36 | provide this hour that i just poured out |
| 00:07:34 | 00:07:38 | of myself and i want to do that i feel |
| 00:07:36 | 00:07:39 | called by god to help more of you start |
| 00:07:38 | 00:07:41 | your own business and i know that might |
| 00:07:39 | 00:07:43 | sound a little corny but that's the |
| 00:07:41 | 00:07:45 | first thing the second thing is is that |
| 00:07:43 | 00:07:47 | i've got a course okay this course is no |
| 00:07:45 | 00:07:48 | joke and i know that's easy for somebody |
| 00:07:47 | 00:07:50 | to say but if you go to my website go to |
| 00:07:48 | 00:07:52 | feedbackgrunch.com and you come down |
| 00:07:50 | 00:07:54 | here to online course you can learn |
| 00:07:52 | 00:07:56 | about this thing it's 500 |
| 00:07:54 | 00:07:57 | and in this 500 it's your value |
| 00:07:56 | 00:07:59 | proposition it's your structure it's |
| 00:07:57 | 00:08:01 | your coaching what i just did there it's |
| 00:07:59 | 00:08:03 | 27 segments and i'm pouring more into it |
| 00:08:01 | 00:08:04 | and i'm telling you this will get you |
| 00:08:03 | 00:08:06 | set for the things you don't know how to |
| 00:08:04 | 00:08:09 | do go get your enrolled agent go get a |
| 00:08:06 | 00:08:11 | cpa get some um bookkeeping help go to |
| 00:08:09 | 00:08:12 | bookkeepers.com they have some really |
| 00:08:11 | 00:08:15 | good stuff about how to do bookkeeping |
| 00:08:12 | 00:08:16 | this is about how to run a business and |
| 00:08:15 | 00:08:18 | we can help you with that that course |
| 00:08:16 | 00:08:20 | will help you with that i guarantee you |
| 00:08:18 | 00:08:22 | it'll be worth your money good luck god |
| 00:08:20 | 00:08:23 | bless like and subscribe if you like |
| 00:08:22 | 00:08:25 | this leave a comment evidently comments |
| 00:08:23 | 00:08:29 | help a lot i don't know i'm just |
| 00:08:25 | 00:08:29 | trying to help so have a good one |
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