If you survived Grade 6 math, you may have an opportunity to build and run a side business providing accounting services – bookkeeping services for small businesses.
Many think accounting is one of the hardest things to learn but doing the type of work we do as accountants and service providers is not significantly more complex than Grade 6 math.
As Accountants and Service providers, we provide a significant amount of value to the public. For the most part, this value comes from knowledge gathered from many years of doing what we love. The foundation for this knowledge was several years of study which culminated in a professional designation that is globally respected.
While having an educational background in accounting and/or a professional designation is desired in this profession, it is not required to have a thriving accounting business and it is absolutely not required to provide value to your clients. What is required is the right knowledge and the right experience.
For many years, my business partner and I have been arming individuals just like you with this type of knowledge. The knowledge required to provide the kind of accounting services that are in high demand today. We’ve trained students, Canadian and Foreign-trained professionals, old and young on how to prepare and file personal and corporate tax returns, complete bookkeeping, prepare financial statements, and provide associated advisory services.
Early this year, we opened this up to the general public and we successfully ran our first training where we trained new students on how to prepare and file personal tax returns between January and March 2022. These students are currently refining their knowledge and putting it to work as they are actively building their businesses and earning income at the same time.
Now, we’re opening registration for Phase 2 of training – Bookkeeping services – starting in early June 2022!
Today, technology has made it easier to provide these types of services. However, there is a growing shortage of qualified professionals to serve the growing needs of clients in this business. And with the significant growth in the knowledge economy, there has never been a better opportunity to dive into this business.
Who is this for?
What qualification is required?
What potential Revenues can you generate from this business?
What’s the nature of the training and how long is the training?
Running an accounting business can include a number of services. For this offering, we have structured this into 3 initial phases or service offerings. Each phase of the training will run for 8 weeks:
What’s the content of the training?
Since this is a Beta offering, the content is still under development. However, one of the things that will differentiate this training from other business opportunities in the market is that the training will provide hands-on practical experience from Week 1! In other words, you will walk away with both theoretical and practical knowledge using the tools we are currently using in our business to deliver these services to clients.
In general, here is an overview of what you can expect in the content for each phase:
What does success look like?
What kind of ongoing support can I get to start, run and grow this business?
During the 8-week program for each phase, you can expect to get:
Following the 8-week program, you can subscribe for additional support from us as you start and run your business for a monthly fee. The nature of this support will include:
What is the time commitment?
What’s the cost of the training?
Note that if you enroll in Phase 1 on or before May 23, 2022, you will get a $500 discount for Phase 3. This is a SPECIAL PROMOTION that may not be available in the future.
When does this offer close?
Are there any guarantees?
What’s the worst-case scenario?
How can I apply?
What’s the selection process?
Other Frequently Asked Questions
Below are the commonly asked questions. However, if you have any unanswered questions kindly email ken.green@gmscpa.ca with your question. We will constantly update this with new frequently asked questions:
Will this work for me?
If you have the commitment to put in the work, the drive to learn a new skill, and the desire to serve others for a fee, then this will work for you. You will go through a proven process that we are currently using in our business to deliver the same service we will teach you.
Is this a risky venture?
This is a business and there is risk in venturing into any business. However, there are ways you can mitigate your business risk. For this program, the guarantee we offer can help mitigate risks, and following our proven process during the training will help reduce or eliminate the risk associated with running this as a side business or full-time business.
How can I succeed when I don’t have any accounting or tax experience?
As noted, accounting or tax experience is not required to succeed in this business venture. What is required is motivation to learn new things, commitment to finish the training program, a keen interest to serve people, and discipline to implement what you’re learning. You will succeed by learning from us and by following the proven process we will share with you. Accounting or taxes is not overly complex. At the end of the day, they are based on rules, laws, etc. and we will break down all of the relevant pieces in chunks that can be understood during the training.
How soon can I start generating revenue from this program?
You can start generating revenue as soon as a month following the completion of the program. In fact, it is possible to start generating revenue prior to completing the 8-weeks training program.
Where will my revenue come from if I have zero clients going into this program?
Good question. Your revenue will come from your sales and marketing effort which we will put in place starting as early as week 2 of the program. Also, note that we run an active and growing accounting and tax practice and we will also be a source of business for you. In fact, we may be one of your most reliable clients! So, with this program, you’re guaranteed to earn revenue even if your marketing effort is not yielding early results.
Can I learn enough in 8 weeks to be in a position to help others with no prior experience?
Research has shown over and over again that you only need to know 3% more than others in a particular subject area to be in a position to help them. Since our program is intentionally designed with both theoretical knowledge and practical experience, you will be ready with way more knowledge to help those seeking your newly acquired professional services in this area. You don’t need to know it all. You only need to know 3% more than your clients. And remember, you have the support of our team and the community you can tap into to close any knowledge gap as part of this program.