Career Planning for Freelance Accounting Jobs

Freelance accounting jobs may not leave you much time for career planning. When you’ve got some room to think, particularly at the start of your freelance career, creating some career goals is well worth doing. In any business, goal setting is a very useful tool for analyzing your business directions and objectives. In accounting, it’s absolutely essential because of the very diverse range of services and nature of the clientele.

In accounting, the business and your career goals are inseparable. The types of services you can provide, the types of clientele you need, and all the other machinery of working as a freelance accountant are naturally part of the professional landscape. This requires vision and planning,, and creating a series of logical progressions to achieve your goals.

Freelance Accounting Jobs Basic Issues

At the setup stage, your goals are limited:

  • You need to create a working business model.
  • You need to get regular business.
  • You need to establish what’s best as a revenue base for your business.

These are critically important steps to long term goals. Every business has a natural market, and some parts of the market pay for your time better than others. Some business models for services are much better than others, too. Always pay attention to demand for services.

For example:

  • Do you want to provide a bookkeeping service?
  • Do you want to act as an outsource for local small business accounting?
  • Do you want to do project accounting?
  • Can you provide a broad based general accounting service across multiple roles?

These are pretty basic roles, but they can pay surprisingly well, particularly in high volumes. You may not be professionally challenged by the work, but you’re building capital, as well as a clientele, which will allow you to move into other areas of business. Clients will also attract extra business. Private clients in particular can be extremely good business.

As you can see, this is building up to a much more focused type of business over time. This is where real long term goal setting is possible. Some freelance accountants go from being one man bands doing local bookkeeping to being national franchises worth hundreds of millions of dollars, so be alert to your options.

Aspirations, Motivations, and Practicalities

Your areas of expertise are your primary assets, and those assets can be developed logically and viably across your range.

Consider a few goals as random samples of the possibilities:

  • A practice which covers a particular market segment: This will probably be in an area of specialization related to your market.
  • A group of regional practices servicing your market: The logical development of a successful practice, opening up new areas for business. 
  • A specialist service in a niche market: A good option for experts in the various forms of accounting.
  • Multiple services across the business and private client range: Possible with some expansion and selective targeting of services.

Successful freelance accounting businesses don’t just happen. They’re created by experts. Your goal can be exactly what you want. Look ahead and plan ahead for real success.