Hudson - 130 Work From Home Ideas

The startup cost of running a home basedaccounting business is low. You just need a computer with an accountingsoftware package, a word processor, an Internet connection, and a dailyplanner. You may also need a fax machine. Operating expenses, however, are lowbecause all you need are Internet and electricity costs. You can earn$15000-$25000 in being a home based accountant depending on your skills andexperience. A day on the job is fairly routine. You need to keep up withdeadlines set by clients, though (year-end reports, for instance). Regardingcompetition, its tough so be sure to retain your clients loyalty always. Yourschedule is pretty much like an office schedule, though sometimes when thereare pressing tasks you need to work overtime. A work week is just like anordinary office workweek, so you have to figure out ways to make your jobinteresting. You can grow in the field by training more and more. You can evenget some employees as your business expands! To get started in the field,though, it would be better if you have first-hand accounting experience alreadyfrom a company.

If you are an accountant, you don't have totravel to an office everyday and work like an employee. You can begin yourbusiness at home, and you can use the Internet as your chief partner as youwork.

There are a good-sized number of people whohave an Internet business and run it well, but keeping track of finances canget really hard. Thus there are many people who hire accountants, includinghome based freelance accountants.

Who should be your customers when youdecide to become a home based accountant? You can find small business ownersnearby (those who need an accountant most) although there are also people withcomplex portfolios whom you can serve.

The Internet is the best means ofcommunication for you to use. Use the Internet so when you have to saysomething to your client (or vice versa), you don't have to leave your home.The Internet can also be the best way for possible clients to reach you.

You may expect some hard times, however.You may not get clients immediately, especially if you are new. That is easy toovercome just send out business cards and promote actively in the Internet.When you build up a client base, you can ask them to refer you to otherclients.

Once you're set up, though, you just haveto pay for the utility bills. You may also have to pay for upgrades to softwarepackages.

Expect to earn $14,000 per year with a homebased accounting business. If you're determined to work 5 hours/day, you shouldcharge about $6/hour. Depending on your skills, you can charge higher thanthat. After all, you'll be working from home, and that's already a perk

To get very good health insurance, justlook around and get quotes from many insurance companies out there. To plan foryour retirement, save money methodically.

Because you are running a business, youmight need to pay business taxes. Check with the IRS to find out how much taxyou should pay. But you have many deductibles, such as costs of insurance,transportation, utilities, communications, food, education, and record-keeping.

Make sure you're licensed as an accountant,then get business licenses before beginning to operate. Get some zoningrequirements too and obtain an IRS employer identification number. And don'tforget to pay taxes.

Regarding outside resources that can helpyou - you can attend accounting seminars and also learn from more experiencedaccountants.

To avoid scams, don't rely on people whomyou can't trust in the Internet. Don't believe words of sweet-talking people inthe Net immediately.

To keep improving and growing yourbusiness, serve your clients well so that they will refer you to more clients.You should also keep a record of work that you do so that you have a portfolioto present to prospective clients.

Regarding online resources, check for online correspondence courses inuniversities. Through those courses you can improve your accounting skills. Youcan also look for websites or eBooks about general accounting.