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Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
If you have an affinity for numbers and want to help other businesses big and small keep their financial records in order as they grow, starting an accounting business could be for you. While not a requirement, most accountants have an educational background in finance and earn bachelor’s degrees. And if you decide you want to become a certified public accountant (CPA), there is an exam that you have to take and pass. When just starting out, you can operate your business from a home office. There are also a number of accounting software platforms that you can acquaint yourself with. As your reputation and business grows, in addition to providing tailored financial advice to your clients, you could offer workshops and training sessions, webinars or write a blog about best financial practices.
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“As a fiduciary I’m obligated to act in your best interest. I’m going to tell you how much risk you can afford to take. That’s my job. Your job is to tell me what you want to achieve in life: when you want to buy your house, when you want to retire. My job is to do my level best to get you there.” – Sallie Krawcheck, CEO and co-founder Ellevest