From Stay-at-Home Mom to Successful Bookkeeping Business Owner: Tiffany's Journey

TLDRTiffany Higgins, a CPA and mom of five, shares how she started her own bookkeeping business and achieved financial success while maintaining a flexible schedule. By leveraging her accounting background, Tiffany built a profitable business that allowed her to retire her husband from his job. She discusses the benefits of bookkeeping as a business opportunity, including its profitability and flexibility.

Key insights

💼Bookkeeping and accounting is one of the most profitable businesses you can start, requiring minimal background knowledge and offering high demand and flexible working hours.

🕒Bookkeeping provides significant flexibility, allowing you to manage your business and complete tasks at any time, accommodating other commitments.

📈By starting her bookkeeping business, Tiffany was able to achieve financial success, with her income steadily increasing over time, reaching $20,000 per month.

🌍Having her own business allowed Tiffany and her family to have the time, flexibility, and financial means to go on vacations and experience the things they always dreamed of.

🤝Bookkeeping is an ideal business for parents, as it offers flexibility to manage work and family responsibilities, allowing them to be present in their children's lives.

Q&A

What are the advantages of starting a bookkeeping business?

—Starting a bookkeeping business offers several advantages, including high profitability, flexibility in terms of working hours, and minimal educational requirements.

How much money can I make as a bookkeeper?

—The income potential as a bookkeeper can vary depending on factors such as the number of clients, hourly rates, and the size of the business. However, bookkeepers can earn a substantial income, with possibilities of reaching up to $20,000 per month.

Do I need an accounting background to start a bookkeeping business?

—While an accounting background can be beneficial, it is not a requirement to start a bookkeeping business. With the right training, you can acquire the necessary skills and knowledge to manage clients' finances effectively.

How many hours do I need to dedicate to my bookkeeping business?

—The number of hours required for a bookkeeping business can vary depending on factors such as the number of clients, the complexity of work, and personal goals. However, it is possible to run a successful bookkeeping business working 30 to 35 hours per week.

Is bookkeeping a suitable business for parents?

—Absolutely! Bookkeeping offers flexibility and the opportunity to work from home, making it an ideal business for parents. It allows you to balance work and family responsibilities and be present in your children's lives.

Timestamped Summary

00:00Tiffany discusses her journey from being a stay-at-home mom to starting her own bookkeeping business.

03:30Tiffany explains why bookkeeping is a profitable and flexible business opportunity, suitable for parents.

05:45Tiffany shares her financial success story, with her income steadily growing to reach $20,000 per month.

08:00Tiffany highlights the personal freedom and opportunities for experiences that running her own business has provided.

10:30Tiffany emphasizes the flexibility of bookkeeping, allowing parents to manage both work and family responsibilities effectively.

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