How to Start a Business as a Money Managing Assistant

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    • 1). Obtain office space and a business license to launch the business. Create brochures and business cards that advertise the fact that money management and accounting are part of the services. Target the services to young professionals just starting a business or nonprofits with grant funding to manage, for example.

    • 2). Buy a good computer and calculator before signing on to assist an individual or entity. Develop a plan to show the client how to track income and spending. Ask to review past spending to monitor future purchases and expenditures. Figure out ways to offer advice on making monies go further in running the business or organization.

    • 3). Show each client how to match spending to time frames. Create a document to demonstrate how much money is spent every month, for example. Break the spending down week-by-week as well. Look for ways to help stretch the budget, such as looking for new tax breaks. Look for ways to pay bills on certain days, so you'll have enough money in the bank to cover checks.

    • 4). Examine all of the ways each client acquires revenue. Let a client know if new revenues will be needed, so that opportunities for funding or loans can be reviewed. Tell a nonprofit organization, for example, that $10,000 in sponsorships or grant funding must be acquired over the next six months. Speak up to let the client know that monies on the books will not be enough, if this is the case. Don't wait until the last minute to point out shortfalls or discrepancies.

    • 5). Keep track of how much money the money-managing business saves each client. Ask clients for testimonials for the company website or brochures. Become adept at finding ways to save money for each client by cutting hours for non-essential employees or combining two jobs into one. Make sure the client recognizes that these services are available, so that any conversations to cut employees won't be offensive or inappropriate. Allow the client to set boundaries with money issues that are non-negotiable, so no time will be wasted trying to correct these problems.

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