Establishing a small business in Celina in the tax, accounting or finance sector takes some work. If you’re also a parent who is living with a disability, you may need to put in a little extra effort. But once your small business is established, you will have a lucrative source of income for your family. You will also have the ability to adapt your schedule to your parenting and personal needs. So are you ready to take charge of your career by being your own boss? If so, keep reading through the essential steps below.
Know What Education You Will Need
Getting a start in an accounting career is a little trickier than starting other types of small businesses. That’s because certain education and license requirements must be met before an individual can begin to work with taxes, finances or accounting. You may not need a university degree, but you will definitely need to complete a handful of certifications, such as AAT and CIMA.
In addition to these preliminary certifications, you should also consider which field you want to specialize in, as well as what apprenticeships can help you establish yourself in that field. If you decide to pursue a university degree for your accounting career, you will be eligible for the same education benefits as other students. In addition, however, you can also access disability education funding that may help offset other expenses associated with your coursework and time in school.
Research Business Funding Options
Other than transportation and education expenses, entrepreneurs will likely need a little startup funding too. Accessing the capital you need to get your accounting business up and operating allows you to avoid dipping into your personal savings. The amount of funding you need will depend on how you would like to set up your new business. But know there are quite a few small business funding options available. You can certainly opt for a loan, if that makes sense for your overall budget. Since you are living with a disability, however, you may be eligible for grants and funding that others don’t have access to.
Handle the Legal Details
If you plan to run your accounting business from home, there are a few particulars you’ll need to take care of. First, if you plan to see clients at home, check zoning laws in your city to determine any regulations. Next, make sure to set up your business entity as soon as possible. Lastly, you’ll need to get a business license. This ensures you’re in compliance with local business laws and it indicates the level of expertise you have.
Get Good Tech for Your Business
If you can secure some funding for your small business, be sure to put some of that money toward updating your technology. Success in the accounting and finance sector is heavily reliant on having the right business laptop to fit your particular needs. Power and capacity are important, to allow you to quickly process financial documents and work with multiple types of accounting software.
Speaking of software, you will likely need to pick up a software program that is well-suited to accounting. Look for accounting software that complements your small business needs. The right software will automate the payroll process, allow you to create invoices, and offer same-day direct deposit.
Set Up an Accessible Home Office
Now that you’ve outfitted yourself with the right laptop and accounting software, you should consider outfitting your home with a functional home office. Selecting an area away from other distractions, like the television and even children, is especially important for working parents. You can definitely set your office up so that you have quick access to your children and other home resources, but try to establish this area as your own personal workspace.
To make this space really work for you, it may be a good idea to look into more accessible office furniture options. For example, an adjustable desk is often more accommodating for those with disabilities or who use a wheelchair. Some may be easier to adjust than others, so perhaps look for one that you can easily manipulate while multitasking, or even holding your children.
Balance Work With Your Life
Setting up a separate home office space is a good first step toward establishing boundaries between your work and personal life. Good work-life balance, however, can be more involved than this for small business owners. Before you begin working in the accounting field, take stock of the possible needs of your customers, and be ready to put boundaries in place that allow you to address these needs without overstressing yourself. That could mean shutting off your email in the evening hours or taking breaks to spend time with your children throughout the day.
In addition to some balance, you will also need to spend some time on self-care as well. Self-care can be a hard habit for people with children, those with disabilities or small business owners. Combine all three, and self-care becomes more of a challenge. But even tiny self-care steps, like these for busy parents, can help you relieve stress and prevent yourself from becoming burned out with all of your new responsibilities.
Being a parent can keep you busy, but that doesn’t mean you can’t run your own small business. Getting started in the accounting field can provide the flexibility parents with disabilities need in their life, while also providing a decent income. You just need to be aware of the steps needed to get your business up and running, and the measures you should take to keep your schedule from getting too overwhelming.
Looking to start a business in Celina?
Please reach out to the Celina Economic Development Corporation (EDC) for information on how to get started. Visit them online at celinaedc.com or by calling (972) 382-3455.