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Hey there, I’m Bill Von Fametti with booming bookkeeping business and today I’m here with another one of my successful students This is Hector. Hector. Thanks for joining me Thank you.
Thank you for the invitation Bill. I’m very excited to be here And tell me what life looked like for you before you started your bookkeeping business Yes, so actually I am an accountant. I have a bachelor’s degree in accounting and I work in corporate America And actually I was doing more taxes I did try to go into bookkeeping, but I found a lot of roadblocks so I Stuck with taxes and then I was doing financial services on the side as well Until I found booming bookkeeping and when I saw the program said well Maybe this is what I need to be able to now turn on that the bookkeeping side of the business you were in corporate What about being in corporate was I mean? Something that you didn’t like about that that it wanted that that encouraged you to become your own boss.
Yes That’s a very interesting question. So the thing is that that I Figured out real quick that it doesn’t matter how hard I work My my growth my income was always limited to the company decided if I earn it or not So I found you know Sometimes I was working harder than other people and it wasn’t that they were getting promoted But we were getting paid the same amount. So I’m a firm believer that that you should get Compensated based on your own efforts.
So that’s why I decided that I wanted to go on the Entrepreneurial side of it and start my own business So you decided to start your own business and you said you had you tried some some when it comes to bookkeeping you tried some Different things but you kept hitting roadblocks. Can you talk a little bit about those roadblocks? Yes So the first one is that I I had all the knowledge, right? So I’ve been working in accounting, but I’ve been working in accounting for very large companies So my mindset was you know, like what what you normally see in a company. Everything is well structured Everything is by the book.
There is standard operating procedures all over the place So technically you go there and you do the same thing over and over however now you’re working with smaller businesses They’re not a structure, you know, and that was the first one. So so Being able to change that mentality From from being a corporate accountant to a small business accountant. That was a that was a major factor The other one was that I said, well, you know, they’re using QuickBooks.
Let me go and see quick So I opened this this thing called QuickBooks and I’m like, oh What am I supposed to do with this? How do I learn how to do this? Then I found that there’s this thing called ProAdvisor and I’m like, how can I become a ProAdvisor? So there was a lot of gray areas where I just didn’t know but for me one major factor was also I had no idea how to charge for my services and I was very afraid of One being charging too much which will make me not likable in the market But then the worst being charging less than that than what I’m worth So those roadblocks for me was like a major stoppage So I decided I’m just gonna stick with taxes for now until I figure this out Were those things that were fears for you? Were they easy to learn? Did they end up being pretty easy to learn? Yes, it was after I joined the program Before I was looking, you know, I was I was going to duck for Google I was trying to do my research Let me see and the thing is when you when you start doing the research, you know what happened, right? You have 20,000 people saying a different thing. So they all know about it, but nobody is saying the same thing So now I’m then you’re like, oh I should do it this way now. I should do it this way So I actually got more confused.
So now I had now I had a lot of ideas like for example How do I rate my services now? Some people are talking about value added price and some people are talking about rate per hour Some people are talking about no you use this spreadsheet and you do it this way So now I’m like, hey, what am I supposed to do that now? I have a overload of information it’s not a structure and it was just neither that’s Not good Did you find those things easy to learn though? Like once you got once you got a hold of some training materials were like how to price your services and all those Did you find those things pretty easy to learn? Yes. Yes. Yes.
What’s up on the training material? it was very very easy to learn and Understand it and also to take it into action because one thing is learning something one thing is put it into action for me The transition was was very easy I found that that it was way less complicated that I thought it was gonna be what about getting clients talk about whether or not That was a fear for you. And then what the reality ended up being once you figured out how to do it properly It is always a fear, right? But actually what when you start applying things and you’re doing the right Marketing and you’re delivering the right message because that is the problem. Normally people are Generalists, right? They’re general doctors.
You want to call it that way? So you you’re trying to pitch to the whole market and when you’re doing that Nobody’s actually listen, right? so when you start learning things and you work on your value proposition now, you’re talking to a Specific market now you start getting the attention of a certain market and you start getting the results One thing that I’m learning in the program is like when you become a pro advisor Then if you do your your page right and it’s true when you need your value proposition You start getting a lot of hits not necessarily our clients that you want to work with when you do get a lot of hits Can I learn bookkeeping is bookkeeping something that anybody can learn? Yeah, so definitely bookkeeping is something that Everybody can learn it is not rocket science. It is very systematical It is kind of like the same thing over and over and over all you’re doing Actually, everybody does bookkeeping in some kind of way because if you have a checkbook And you’re registering your transaction that’s bookkeeping You know, you have a budget that’s bookkeeping right there. You’re doing personal bookkeeping.
So If you have the proper program the proper steps And somebody mentoring you and showing you the way you will definitely learn how to bookkeeping now. Is there a learning curve? Yes, there’s a learning curve But if you put in the time and the effort you will definitely learn bookkeeping is not as complex One thing that I noticed is that you know Some people start and and they’re thinking like oh I have to become an accountant now That’s a whole different area. You can become an accountant eventually, but when you understand that bookkeeping is is the art of classifying and registering Transactions into a software and you focus on that and that’s what you’re delivering Then you’re a very safe zone and you’re gonna be able to learn and then from there you start building So let’s talk a little bit about your business I mean you you know, we all start somewhere usually at zero and you know Then we grow and I’d love to hear a little bit about you know Where you are now in terms of revenue number of clients things like that, you know, show it share your success I started just like any anybody else.
I went through the program. I followed the steps. I started doing marketing So I I grew to up to 10 clients and I had to hold on to those and actually I crossed over $75,000 a year of income Part-time by the way, because I I have a full-time job So I still have a full-time job and I have my business on the side in part-time I went all the way to $75,000 and of course I needed to wait because now I have to divide my time But now it came to a point that I am doing that transition.
I actually resigned From from from my job last week it just happened and now I am going full-time into my business So what does your wife think about what you said? She’s excited. She’s she’s she’s on board She’s very happy because she knows, you know that that I’ve been wanting to to be on my own because at a certain point I was Working on my own and I loved it and and I was just looking for for the opportunity to You know to get back on track and be be able to to be by my my own boss Right and have my own business and and build from there because it’s it’s just the beginning of something large, right? It’s not it’s not just about bookkeeping. It’s about all the opportunities that being an entrepreneur and business owners Brings you because now you know, you start building you’re making more money.
You have more freedom now Now you’re exposed to to to business people. So opportunities will start knocking at your door. So I’m really excited about the future What are some of the goals that you have for yourself in your business? I want to scale a business where I am Not the one doing the bookkeeping.
I am the CEO of the business I want to have people doing the work and me running a business So when it comes to just you before you do that, like what are your goals in terms of revenue? What are you looking for? You’re at 75 now, what would you like to be? Where would you like to be? I would like to get to 500,000 a year There’s something specific about that number I Think it’s a starter for me to to realize that I can go for a million So it’s kind of like like a pit stop to go to the middle. I do I want to have a massive organization actually Hector I can’t thank you enough for coming on and sharing your story because like I always say success leaves clues and so your story helps others that are Trying to put this all together. So thank you for coming on and sharing with us.
It is my pleasure. Thank you for an invitation
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Are you tired of working hard in a corporate job only to have your income and growth capped? Hector was, so he built a bookkeeping business on the side that grew to $75,000 a year in part-time income. He just quit his corporate job to go all-in on his business. If you believe you should be compensated based on your own efforts, visit our website to learn how you can start your own Booming Bookkeeping Business.