• Bookkeeping businesses help entrepreneurs keep their finances in order.la calculatrice image by Cyril PAPOT from Fotolia.com
  
  Entrepreneurs spend the bulk of their time managing their employees, developing strategies to grow their businesses and networking to meet potential clients and suppliers. This leaves little time for them to sit down and reconcile financial statements, track accounts payable and receivables, prepare deposits for the bank, file receipts and prepare taxes. Because of this, many entrepreneurs turn to bookkeeping services to handle the financial aspects of their businesses.
  
  

Recession Proof Business

• When the economy takes a downturn, business owners look to bookkeeping businesses to help ensure that they are financially sound, spending their money appropriately and collecting payments that are due. When business is bad, entrepreneurs focus more on ensuring the financial stability of their businesses. In fact, Entrepreneur.com reports that entrepreneurs rely on independent bookkeepers during challenging economic times because they want to ensure that they're careful with their money.
  
  

Home-based Business

• Equipped with a quiet, distraction-free area at home, bookkeepers can set up a small home office to run their businesses. Bookkeepers can arrange meetings at clients' offices for extensive services that require face-to-face meetings.
  
  

Minimal Startup Costs

• Since bookkeeping businesses can be run at home and don't require an owner to lease office space, startup costs are limited to equipment and supplies. Entrepreneur.com estimates startup costs as low as $2,000. To start, bookkeepers need a desk, computer, printer, fax machine or fax software, phone, Internet connection, shredder, general office supplies and financial software, such as QuickBooks, Peachtree or NetSuite.
  
  

Network with other Entrepreneurs

• Entrepreneurs with bookkeeping businesses meet a variety of fellow entrepreneurs who represent diverse industries and who are connected to other business owners. They are afforded the opportunity to provide services for and network with like-minded individuals who may have services they can offer the bookkeeper, like marketing or time management, to improve his business.
  
  

Customized Services

• Bookkeepers can offer their clients a wide selection of financial and accounting services. They customize their service packages to meet the needs of each business owner they work with, providing only the services the client needs. For bookkeepers who are highly skilled in one area, such as reconciling financial statements, they can create niche bookkeeping firms focusing on services that are a part of their expertise.
  
  

Add-on Services

• As a bookkeeping business grows, and as the owner expands his skills and knowledge, there's an opportunity to add additional services clients can choose from to fit their needs. These additional services can be as simple as organizing receipts or training entrepreneurs how to use financial software to manage their businesses finances.