Thank you!

Great video! A lot of value

@BoomingBookkeepingBusiness

Жыл бұрын

Glad you enjoyed it!

Thank you for your insight and helping me understand ALL three ideas. However, I like the idea “ true value yesss 👌

@BoomingBookkeepingBusiness

2 жыл бұрын

Glad you enjoyed it, Dee!

Rewatching the live because I had to end it early in the morning.

Hey Bill, watching the video again just to keep it fresh in my mind. After we ask the questions and we get down to that value that they’re missing out on by not hiring us, do we share with them that we charge 20% of that value or do we just keep that on the down low and go through the Calculator questions with them and then just compare and contrast the workload with the value price that we established?

@BoomingBookkeepingBusiness

Жыл бұрын

We don't share our methodology for developing our fees with the client. You can simply say that it's based on the quantity and complexity of the work to be done to help them reach the goals we've discussed.

I’m new to watching your videos. I’ve heard the terms setup and cleanup? Will you please give an example of these? And, with a new client are these in addition to the monthly fee going forward? Thanks so much.

@BoomingBookkeepingBusiness

2 жыл бұрын

Hi Cathy! Setups are simply when a client begins using a new accounting platform. Either they weren't using anything previously, or they were using a different platform. Cleanups are when the client had bookkeeping done, but it wasn't being done properly and needs to be "cleaned up." Both of those are typically separate engagements from the ongoing monthly work.

@cathymcmillan549

2 жыл бұрын

Thank you for your clarification response. I was not familiar with the terms. Boy, have I been doing it wrong! I’ve had two nightmare cleanups!

@BoomingBookkeepingBusiness

2 жыл бұрын

@@cathymcmillan549 Glad I could help! We've got comprehensive cleanup training in my mentorship program in case you're interested!

@MichelleValdez-gm4ye

Ай бұрын

If you needed to ask then you need to learn accounting.

How would you calculate value based pricing for a cleanup?

@BoomingBookkeepingBusiness

10 ай бұрын

You'd start by learning what it's costing the client NOT to have clean books. How much more money would they be making if they knew their real numbers and were able to make better decisions? How much extra might they be paying in taxes? How much extra is their CPA charging them to prep the books for taxes?

The only caveat with this system is that you need to be able to deliver on the increase in income for the client. If you sell yourself as able to help them increase revenue by x amount and it doesn’t happen they’ll probably not keep you on. I’ve worked in a family owned medium sized small business and in my experience logistical challenges are only part of what’s holding a business back. Cultural issues are often a major contributing factor and are much more difficult to correct as an outside advisor.

@BoomingBookkeepingBusiness

8 ай бұрын

You're only on the hook to the extent that your advice is being implemented. If a recommendation is made, but not implemented for whatever reason, that's on the client. Beyond that, it goes without saying that we need to be able to deliver on our promises.

Do you have a recommendation of a company to use that helps with website design for bookeepers??

@BoomingBookkeepingBusiness

8 ай бұрын

Anything from WIX, Squarespace, or the like will be just fine. Even the free website from Google is sufficient!

What are your thoughts on positioning yourself as a partner with those smaller clients and having a monthly fee as a percentage of their revenue? I figure your fee can grow as their revenue grows.

@BoomingBookkeepingBusiness

2 жыл бұрын

As long as your lead generation is dialed-in, you'll never need to work with small clients and hope they grow. There are so many businesses doing substantial revenue that are willing to pay premium fees for the value you can create. I prefer to focus on those!

How can i get the Booming Bookkeeping Calculator?

@BoomingBookkeepingBusiness

Жыл бұрын

It's available to those in my mentorship program.

what about catch up for 4yrs starting 2019-2022 with 30 transactions a month?

@BoomingBookkeepingBusiness

Жыл бұрын

That's not a lot of info to go by but you could probably knock that out in a day or so and charge somewhere in the $3k to $4k range.