Business News

Thu Jul 6

Coco Hou: Bookkeeping is the ideal side gig

Written by Tess Sanders Lazarus

According to Coco Hou, Managing Director of Platinum Professional Training, one of Australia's largest accounting and bookkeeping training companies, bookkeeping is the ideal side gig for anyone wanting to start up their own business. Every small to medium size business needs a bookkeeper to assist them with accounts and the number of small businesses setting up across the country is on the rise.

“Demand for bookkeepers is at an all time high,” Ms Hou said today.

"Once upon a time, businesses employed people in full time roles to undertake accounting and bookkeeping activities, but the market is changing. Many businesses are choosing to outsource these services to consultants, contractors and specialists without incurring the expense of full time salaries. This means there are growing opportunities for people to contract their services on a consultancy or part time basis.

"This why we are seeing such strong demand for our online bookkeeping and accounting courses.

"People are keen to undertake training, get their qualifications and get out into the market and get working.

“The great thing about doing an online bookkeeping or accounting course is that you can do it from home and the completion time is flexible. Our courses are self paced and include support and other forms of assistance to help people through the courses as well.

“Given many businesses are now using cloud based accounting systems such as Xero, bookkeepers are able to deliver services online from anywhere in the country – because cloud based systems provide this flexibility.

"Bookkeeping really is the ideal side gig for anyone wanting to earn extra income, grow a full time consultancy business or work from home in a flexible manner.

“Retirees, stay at home parents, anyone with reasonable office or administration experience can get involved in providing services.

"Our training company launched online Certificate IV courses in accounting and bookkeeping early this year and the response has been extraordinary. The courses are offered online and participants have up to 18 months to complete the courses. Once complete, people can use the qualifications to become freelance bookkeepers, set up their own bookkeeping business or even seek consultancy, part time or full time roles as corporate accountants.

"I would strongly recommend to job seekers or anyone thinking about exploring work opportunities to look into the accounting sector. Every business needs assistance in this area and with the number of new businesses starting up every day, there is strong need for accounting and bookkeeping services in the market space."

Platinum Professional Training is a national training company with offices in all major cities that offers a broad range of training courses in accounting, finance and bookkeeping including online courses. Courses are ideal for people wanting to accelerate their advancement, enter the sector or expand their practical experience for new opportunities.

www.platinumaccg.com.au

Thu Jun 29

Why the Pop Up Shop Will Always Be Popular

Written by Sally Grandy

With the recent demise of big retailers such as Top Shop and Pumpkin Patch, it appears traditional retail businesses are being replaced with online shopping. At the same time, we’re seeing a dramatic increase in the new “Pop-up Shop” trend.

Business and communications expert Mike Irving said engagement with customers lay behind the success of the pop-up shops.

“It seems everyone is racing towards selling online and thinking online sales is the answer. From what I’ve observed though, it’s only part of the answer. Online shops typically are missing one essential factor – human interaction and engagement,” said Mr Irving.

“The solution is a model where we can sell goods online but also engage personally. Some brands have found ways to establish connections via online engagement, which is great for them. Another way of going about it is through a pop up shop,” he said.

“A great example of this in action right now are the sales of ‘fidget spinners’, which is a global phenomenon.”

“These are being sold online and at pop up shops in shopping malls and at outdoor events.”

“Kids watch videos of fidget spinners and then they see them at a stall where they can touch, feel and try – before you know it, parents are buying them and it’s a multi-million dollar global industry.”

“Pop up shops allow retailers to engage with customers at a fraction of the cost of leasing retail premises.”

One of the richest men in the world, Warren Buffet, recently made the claim that the department store of the future will be online and he’s sold out almost entirely of his traditional retail shares in companies like Walmart.

Mr. Irving agreed online was the way of the future, while still holding the belief that customer engagement and communication remain a crucial part of the equation. With the rising trend of pop-up shops and online retailers taking the opportunity to engage their audience face-to-face; it seems like he might be right.

“It’s not just that people want to physically see the product, understand how it works and check the quality before buying, either. In general, we like to buy from people we know and trust. If you’re able to really brand yourself and find a way to connect with your audience online, that’s great.”

“Pop-up shops are just a way to further that connection and allow your customers the chance to meet you and see what you’re all about. If you’ve already got a good following, then the novelty of a temporary pop-up shop where there’s a limited window of time to come check out your products will also create more of a sense of urgency with your audience and increase the chances of a great turnout.”

“It’s easy to see how the success of a pop-up store relies on your ability to communicate and connect with your audience; and in this case to do so quickly since it’s a temporary situation.”

If you’re an online retailer who’s considering a Pop-up Shop, here are a few suggestions from Mike to help ensure it’s a success:

Promote it! Especially if you already have a great facebook, twitter, and/or instagram following - let everyone know where you will be and when. Let them know you want to meet your customers.
You want to connect with people as quickly as possible - a great way of achieving that is by asking questions. Instead of showing customers what you have, ask them what they are looking for, what they want, and then pay thoughtful attention to their answers. Take a genuine interest in your target audience and the connections can then become effortless.
Be authentic. This one may seem obvious, and it’s still worth stating. Your customers are there to meet and engage with you, to find out what you’re really about, so let them.

In Sydney and Melbourne, 20% of the high-street retail space in the CBD is made up of pop up shops according to Colliers International retail leasing.

Mr Irving said a pop-up store can be a fantastic way to engage with new customers and re-engage with existing ones while raising brand connection and it can all be done at minimal cost.

“There’s no doubt these days that retailers are struggling; commercial leasing is expensive which means product prices are higher.”

“While online stores can offer items cheaper, they’re missing out on customer interaction. That’s why pop-ups are a great solution to reaffirm your brand and build engagement.”

About Mike Irving

Mike Irving runs Advanced Business Abilities and is a leadership performance coach specialising in leadership, communication, sales, and recruiting. You can learn more about his work by visiting www.advancedbusinessabilities.com and registering to receive free ideas and inspiration to build a better and more successful business.