The hardest lessons learned as a bookkeeping firm owner

[@xiaowang2540]

Very good points. Some people do not share their mistakes. But you did honestly which is so valuable. Thank you.

[@5MinuteBookkeeping]

You're welcome.

[@mfarooq2027]

you are really amazing, your words are precious, Thank you so much for giving us tips from your experience

[@5MinuteBookkeeping]

You are so welcome

[@kimbangayan2340]

Im just starting and I was wondering if getting a liabilty insurance is a must? Whats are your thoughts?

[@5MinuteBookkeeping]

Hi Kim. I don't necessarily think that professional liability insurance is a must starting out. Focus on getting clients first. After you get clients and are in business a few months to a year, you may want to consider getting professional liability insurance.

[@kimbangayan2340]

You rock!! Thank you for taking the time to answer my question! Stay blessed.

[@tanvirahmadsiddiqui7381]

I want a member in your team.i Want to work with you. Give enough time 3/4 hrs in a day.30/7.Give me a opportunity

[@5MinuteBookkeeping]

Thank you but I am not hiring.

[@xiaowang2540]

How do you make the engagement letter legally binding ?

[@5MinuteBookkeeping]

I am not an attorney so I can't answer that. Perhaps you should check with an attorney in your area.

[@Wilfredos_]

I am starting out, how can I get sample engagement letter?

[@5MinuteBookkeeping]

Hi. You can get a free sample engagement letter and other free resources here bit.ly/cleanup_checklist

[@xiaowang2540]

I remember that you mentioned that you started your business hard way without seeking consultant. Did you, eventually? If yes, what helped the most from the consulting?

[@5MinuteBookkeeping]

Hi. That's a great question. I have never sought the help from a consultant or coach. I just figured things out as I went along. I also focused on continually improving myself in all aspects of my life and I focused on letting go of my fears.

[@xiaowang2540]

@@5MinuteBookkeeping Thanks. Did you run a full service as a CPA including bookkeeping and tax preparation and planning when you started?