You’re Fired? That’s Great!

Believe me… this could be a great opportunity. Getting fired may be really tough to take, but could be the best thing to happen to you. Just remember, you’re not alone. The halls of history are crowded with people who have been fired.

Sometimes out of the ashes of perceived failure rises the Phoenix of Incredible Accomplishment. Don’t consider it a failure, consider it as an opportunity. Let’s take a minute and talk about Soichiro Honda.

Do You Know Soichiro Honda?

Born in 1906, as a boy he helped his father repair bicycles in his home village of Komyo, Japan. At the age of 16 he left for Tokyo and worked in an automobile repair shop until age 22 when he started his own repair business.

At that time, most of the big businesses in Japan were run by “old money” families and a real “good-old-boys” network, but following the war, a number of new corporations sprang up including, Toyota, Fuji and Suzuki.

Soichiro wanted to make piston rings for Toyota and started a business to do just that, but was mocked because of his inferior designs. Despite the total rejection and humiliation, he was determined to manufacture piston rings for Toyota. Although he was a poor student, he went back to school and eventually came up with a piston ring that Toyota purchased and went to work constructing a manufacturing facility.

Because of the war, without raw materials to build a plant, Soichiro put his engineers to work. They created their own concrete, construction began and piston ring manufacturing followed. Soichiro was in the piston ring business.

Unfortunately a hurricane destroyed his manufacturing plant, leaving him broke and penniless.

What Did Soichiro Do?

Because he couldn’t afford an automobile, he put a small motor on a bicycle and went back to work. He eventually started making his motorized bicycles for friends and neighbors, when the idea to mass produce them made sense.

Because he had no money, he convinced a group of bicycle shops all throughout Japan to finance the creation of what became the Honda Cub, an incredibly popular motor-bike in Japan and the United States during the 50’s.

Soichiro Honda is a True American Success Story (Despite the Fact that He’s Japanese)

Today, Honda Motors is one of the biggest and most successful automobile manufacturers in the world. Who would have thought that after initially suffering humiliation and defeat atToyota, Honda Motors would become such an incredible competitor?

What Does this Have to do With Getting Fired?

Realize that the axe falls on just about everybody at one time or another. Mr. Honda may not have been an employee of Toyota, but he was fired and rejected by them. You are not alone. In fact, Francie Dalton, a business consultant in Columbia Maryland, says there are eight stages that most people go through after being fired.

1. Incredulity
2. Humiliation
3. Terror
4. Resentment
5. Acceptance
6. Perspective
7. Action
8. Control

Understanding your feelings as normal should make it easier to move on.

In fact, how it happens isn’t as important as what you do after it happens. The quicker you can jump to step 5 and move on, the better off you’ll find yourself.

Dalton goes on to say, “You can’t stay in the dumps forever, so why not take the next step now? You can stay miserable for two weeks, or get excited, seek better alliances and see this time as an opportunity.”

You Want Me to be Excited ?

Many folks who find themselves in this position realize that they face a really a great opportunity to do something that they really want. Often, they find it to be the perfect time to start their own business.

Starting a Bookkeeping and Tax Preparation business is a great idea right now. As small businesses continue to grow, the need for qualified bookkeepers and accountants will continue to increase. If you’re interested in a recession-proof profession that has created a profitable income since before the Italian Renaissance, I haven’t found a better profession than bookkeeping and accounting.

To learn more about what a fantastic opportunity awaits you, simply click on the link below. It may be hard to believe right now, but let me be the first to offer my congratulations on the new opportunites that stand before you.

Click Here to Find Out What a Great Opportunity it is to Own a Professional Bookkeeping Business

What Makes a Professional Bookkeeping Business Even Better?

Nothing is a better companion to a profitable bookkeeping and accounting business than adding professional tax preparation. By increasing the number of products that you can offer, you’ll not only be able to provide your clients with a complete financial service package, but will be able to create a better income for you and your family as well.

Why Should I Consider Adding Bookkeeping and Accounting to My New Tax Preparation Business?

As you can see on the graph at the left, income from a tax preparation business will peak during the first four months of the year. Many professional tax preparers are able to bill at rates that are $100 per hour or more, enabling them to work for 4 to 6 months per year and semi-retire the rest of the year.

As you are building your tax preparation practice, many of our graduates have found that adding a bookkeeping and accounting service has provided a means for them to stabilize their income throughout the year.

At Universal Accounting, we’ve discovered over the years that the average small business bookkeeping account will generate an income of approximately $300 per month. By billing your tax clients on a monthly basis and offering tax planning services along with year-end tax preparation services, you can feel confident billing $100 per month for tax preparation services creating a gross billing of $400 per month to clients who receive a complete financial service.

The graph below shows the impact that adding bookkeeping services and tax preparation services can produce for your business. Click on the link below for a more complete description of what combining a tax preparation business with a bookkeeping and accounting practice can do for you.

Click Here and Find Out More About Offering Full-Service Financial Services

Starting a Tax Preparation Business Makes Sense

Click Here to Compare Universal’s Professional Tax Preparer Certification to a Franchise

Unlike franchises, with an education from Universal Accounting you can begin your accounting and tax practice by operating out of your home. In fact, that’s what we’d recommend. You don’t need to run an accounting or tax service out of an expensive office space. The only people who will find you in an office will be the people trying to sell you something.