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Why did I start a bookkeeping business?

“Good things happen to those who hustle.” – Anais Nin

“Embrace the hustle and the struggle of chasing a dream that will give you financial freedom.” – Muna Oto

I started a new business yesterday called “Battle Ground Bookkeeping Solutions.”  I started my business for three reasons:

  1. I have an “eagle-eye” for numbers and details.
  2. I love helping people achieve their dreams.
  3. I wanted to work from home.

I wanted to run a “side hustle” without quitting my day job as a writer. Writing is what I am passionate about, but it doesn’t always pay the bills.

Bookkeeping at it’s best.

When most people consider launching a new business, they imagine quitting their full-time jobs to risk it all. For some entrepreneurs that works. You also risk abandoning financial stability and possible bankruptcy.

More than 50 percent of new startups fail before the four-year mark. The risk-it-all mindset is often too much, too soon. So sticking with a traditional job while you grow a business idea is a safe and viable option. I am all for taking a complete leap of faith by quitting a job you hate to do what you love, but why do it if you don’t have to?

I love writing for a living, but I wanted to build something else. Something I’ve learned about over the past few years is how to make and manage money.

A Reality Check

I am a disabled veteran. One morning, in Afghanistan my world literally exploded. I was hit by a 500-pound roadside bomb. It destroyed the vehicle I was in and killed three of my buddies. I hit my head three times in the explosion and rollover. Having Traumatic Brain Injury (TBI) is like a stroke on steroids. I had a ringside seat to my destruction. Over the next eight years, I watched as my brain functions shut down one by one: motion, speech, self-awareness… and worst of my all my memory.

I was amazed to find myself alive. I spent eight years recovering my ability to think, walk and talk. I never dreamed I would become a spokesperson for recovery. I came back from my brain injury stronger than before. In my case, although the explosion damaged the left side of her brain, my recovery unleashed a torrent of creative energy from my right side. I started to write about what happened to me.

A New Normal

Over the past eight years, I struggled with my brain injury and chronic pain. It’s hard to work in a conventional job due to my memory problems and physical limitations. Besides my brain injury, I have two herniated discs in my back, labral tears in my right shoulder and hip pain. I am in constant, chronic pain.

I needed a job where I could work from home and earn a living.  A home bookkeeping business was perfect. I am not a CPA but have had helped a dozen friends with business, financial and tax advice. I wanted to start and grow, and my own successful business. Now I can do it and get paid for it.

I think being an internet entrepreneur is a great new way to break into the new, non-traditional economy.  Helping people with their money plays a big part in creating freedom with their lives.

How It Works

With a virtual bookkeeping business that I run from home, I can earn a part- or full-time income. The program I signed up for teaches me how to make a net profit per client.

Average client work will take 3-4 hours a month for this style of the client. This means an hourly equivalent of more than $60.00. The internet is a great equalizer, enabler and provides leverage for home-based businesses.

My new business is based on a virtual bookkeeping business model. It tosses all the old rules of a traditional bookkeeping business. I am not at the beck and call of my clients.  My business model allows me to stay-at-home, work flexible office hours, and most important- focus on my writing.

There are some traditional obligations such as communicating with clients and sending emails. But this can be done during the workday. The bulk of the work is 100% flexible.

There is a huge trend within different industries to outsource human resource functions.  This includes payroll, tax consulting and financial services.  My business is a micro-business- a firm of fewer than five employees. I am the only employee or owner my business will ever have. One partner is one partner too many.

Bookkeeping-Services

I have no prior experience with bookkeeping. The only taxes I’ve ever done are my own. I read about this business model in Entrepreneur Magazine.

I found a successful training model. I paid an initial start-up fee to enroll in their training program. I started yesterday.  I am building my business from the ground up with this simple business model.

Every business requires bookkeeping. It’s not a hard sell to potential clients.  It will take a lot of hard work, especially on the front end. I know my hard work will pay off in spades as I create the life of my dreams: a near-complete freedom and flexibility to work from home while I write.

The business model is a “turn-key program.”  I am learning three things:

  1. Bookkeeping knowledge
  2. How to run my business an effective, efficient and professional manner.
  3. How to draw clients, even though I know next to nothing about sales and marketing.

I am an excellent proofreader and editor as a writer. I know I can tune my “eagle-eye” from letters into numbers.  Starting a side hustle isn’t for everyone. I know that I won’t get it right the first time around. I have to remember three things in starting any new endeavor:

  1. Faith- in yourself and the idea.
  2. Patience- staying organized and get things done.
  3. Perseverance- you learn by making mistakes, the trick is to apply what you learn.

Over the next few months, I will tell you everything I know about business, financial statements, getting and keeping clients and running a successful business.

Welcome to “Battle Ground Bookkeeping Solutions.”