Bookkeeping businesses can be highly profitable with growing demand and cloud-based software.
But, profitability depends on pricing, marketing, and client retention.
But your profitability will depend on how you price your service, how you market yourself (helllooooo high-paying dream clients), and one of the industry secrets no one talks about…client retention.
Client retention is absolutely essential if you want to build a healthy business. Client retention comes down to providing outstanding services consistently and it’s one of the things I deeply focus on when I teach my bookkeeper students and coach my clients.
Whether you choose to work with me or not, let me give you one piece of advice right now. You are both the CEO and CFO of your business. Make smart decisions, provide outstanding customer service, and price yourself with profit in mind, and you will be successful. I promise.