What’s a Bookkeeper’s Income Potential? Key Questions to Address

Why should you consider going beyond just thinking about and analyzing the numbers of your bookkeeping business and actually sharing those numbers with others? This episode of iLoveBookkeeping touches upon the reasons why bookkeepers should share numbers related to their income and income potential with others in their industry.

[0:42] When it comes to earning potential, there isn’t a lot of benchmark data for what students at Bookkeepers.com are doing, for the fact that they aren’t in just a bookkeeping business.

[1:08] Because there isn’t much data they can use to benchmark what students at Bookkeepers.com are doing, Melissa and Hannah would like listeners to contribute by answering a series of questions, including what the income, gross and net profits of their bookkeeping business are, how much they pay for paper, and what they have been able to do with the money they have made.

[1:45] Since transparency in the finances of people who operate in the financial industry is so important for the growth of every bookkeeper, it’s important for podcast listeners to contribute with their answers to the questions.

[2:06] Hannah and Melissa will lead by example – in fact, Melissa mentioned that she will be sharing her financial reports.

[2:14] Sharing your numbers wouldn’t be useful only to the establishment of the data set that could eventually be used for benchmarking, but it would also be useful to you when you circle back to it in the future. Melissa, for example, feels that having shared that she has a $1.4 million bookkeeping business, and having done so out loud, was an amazing feeling. Lastly, sharing is also going to be a great opportunity to everyone else to be inspired to get where you are as they set their goals for the year.

[2:55] The easiest way to contribute is by sending the answers to success@ilovebookkeeping.com.