The Bookkeeping business is a rewarding field to be at the present time in the
The overall growth in the business segment has created a demand for experienced professional book keepers. If you too, are planning to take up book keeping seriously as a business, your target should be the small and mid-size companies. These companies are likely to give you work because setting up an in-house book keeping department will be a drain to their finances and expensive to set up too. To avoid overhead employee expenses, such companies generally prefer to outsource their accounting work. If you market yourself well, you could be the lucky one in the market receiving loads of work.
By Your Side- The Government:
You need not even worry about funding options when you want to set up your book keeping business, as various government departments are willingly providing assistance in financing business start-ups. The government has categorized its various departments to work closely with specific businesses categories. One of the most popular sources for obtaining small business loans is the Small Business Administration (SBA).
Small Business Administration (SBA):
SBA is a federal body offering financial assistance mainly to small businesses. It offers advice on the several ways in which a business can be started and managed. It also guides the owners of such businesses through the procedures of obtaining the government contracts. The agency also gives the needy companies access to low interest loans, in case they are bearing the brunt of a national disaster or economic slump.
There are several SBA offices across the state, which work in close coordination with the private sector, government bodies both state and local, federal government, and educational community to provide financial assistance to owners of small businesses.
SABEF finances businesses engaged in agriculture and industrial works by issuing them private activity bonds. To avail of these bonds the business must be engaged in processing, repairing, assembling, distributing, manufacturing, producing, offering computer or communication services, and transportation.
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