Skip to content

Dear Shama…How Do I Get Funding to Open My Own Business?

Dear Shama…How Do I Get Funding to Open My Own Business?

Dear Shama,

I have been an accountant for the past fifteen years, working at a big firm. Now, I want to start my own business. I feel ready in the sense that I am confident in my abilities. However, money concerns come to mind. I have a family and don’t want to risk not being able to support them. I have heard that starting an Accounting firm takes a lot of money. How do I get funding to open my own business?

-Calculating in Denver

Dear Calculating in Denver,

First, congratulations on wanting to go the entrepreneurial route. I am glad that you are trying to launch in the right manner and thinking ahead. I am not sure where you heard that an accounting firm takes a lot of money, but I know many accountants who started their practice with a few hundred in their pocket. For beginners, I would focus on establishing your own clientele and reputation. You don’t need to start a full fledge firm with secretaries and expensive copy machines. Start slow and build up your practice. Check out this article on three ways to raise funding. So, my first piece of advice to you is to examine how much money it would actually take. You may be pleasntly surprised. Secondly, focus on marketing your services. You don’t need a huge marketing budget. Leverage the internet to market your services for free and start getting the word out through family members and friends. Here is an idea-you can host a small party (chips and dip) for all your acquaintances and make an official announcement. Be sure to give out business cards at the party and ask them to spread the word. Most people (especially if they like you) are happy to help. You just have to ask. Third, get the family involved. This is especially true if you have kids. Explain your plan to them and let them help out. A strong support system is a must when launching your own business. If you want to start your own business, go ahead and give it your all. Start small, build up your reputation, market to your friends and family, and create a strong support system. Best of Luck and Work Smart!

-Shama

ABOUT SHAMA HYDER

She is the founder & CEO of Zen Media. She has been named the “Zen Master of Marketing” by Entrepreneur Magazine and the “Millennial Master of the Universe” by FastCompany.com. Forbes, Businessweek, and Inc have all recognized her as one of the Top 30 under 30 entrepreneurs in the field of marketing. Shama has built a global audience and is known for helping brands succeed in the digital age. She is a bestselling author, an international keynote speaker, and has been named one of LinkedIn’s Top 10 Voices in Marketing for four years in a row. Learn More

SHARE

What's your moment?
Daily videos to ignite your momentum

Receive daily videos with strategies, best practices, and litmus tests for discovering and igniting your moment.

LET'S GET STARTED

What's your moment?
Daily videos to ignite your momentum

Receive daily videos with strategies, best practices, and litmus tests for discovering and igniting your moment. 

What's your moment?
Daily videos to ignite your momentum

What's your moment? Daily videos to ignite your momentum

Receive daily videos with strategies, best practices, and litmus tests for discovering and igniting your moment.