Things to Consider
First, it is important for the entrepreneur to have professional skills like being well-organized and detail-oriented, and being able to work with numbers comfortably. Next, he or she must be qualified. A well qualified degree or certificate like a Certified Public Accountant (CPA) or a Certified Financial Accountant (CFA) would definitely help the budding entrepreneur. The best thing about these certifications is that they do not need any base requirements. In fact, the only condition to gain these certifications is to pass the multiple exams and get the professional training. Many short courses are available for getting the knowledge and revising the accounting and bookkeeping techniques. For those who would like to brush up on their skills, there are lots of technical course options.
Second, define your niche. Though freelancing gives you the option to work on different types of work profiles and sectors simultaneously, it is a good idea to think over sectors that you find more interesting and would like to work in if given an option. This would allow you to have your niche in a particular market. However, working on different types of projects allows you to learn and gain experience in different fields. Moreover, working in a variety of fields does not lead to monotony in your work.
Third, remember when starting a home-based accounting business, networking is the key. Finding clients is probably the most difficult part of this job. Thus, network as much as you can. Join all types of business networking groups and forums online to make your presence felt in the industry. Target small and medium-sized businesses as these are more likely to be prospective clients of your business.
It is a good idea to segregate your work place in the house. Ensure you have a room that is free from all noise and disturbance. This is extremely important, as you will be handling some very sensitive and important information. Next, get a good computer with a word processor, database software, an Internet connection, good accounting software, a copier, and communication devices like a fax and business phone. It is also important to have multiple data backup plans that make copies of all data that is stored physically and virtually. Additionally, an adding machine is always a good thing to have around.