If you already have experience working for an established bookkeeper, your expertise could prove to be lucrative if you branch out on your own. As well as your own clients, you could continue to work for established bookkeeping firms on a freelance basis.

Accountants are in higher demand with the rolling out of Making Tax Digital (MTD) too.

You might cater to individuals, but the greater likelihood is that you’ll be servicing other local small businesses or other organisations like churches or sports clubs. Alternatively, doing online accountancy allows you to home in on a specialism like a specific business sector on a broader geographical scale. If this is the case, you should brush up on your SEO so prospective customers can find you.

>See also: Seven SEO tips to keep your small business ahead of the game

The key is to find out what your target customer needs and what services they’d want you to take on. You’ll find that you’ll be giving advice as well as practical help – more established businesses will have more complex needs than a start-up who may not even be aware of their obligations.

The Institute of Certified Bookkeepers has dedicated guides to give you advice on how to set up a bookkeeping business.