I have been thinking about how to support small business in a more effective way through the services Silicon Bullet offers, and one way is to offer services to a vertical market, which means we really understand how a particular sort of company or sole trader works, so that we can offer insight, help and support for clients.
One of these markets is Forever Living distributors. I already do the regular bookkeeping for a distributor (Frances Woollard of Forever Your Success), and have helped another distributor in the past too. The Forever Living business model encourages those signing up to set up their own business, and in the first instance distributors are self employed, but hopefully when the business grows they may wish to set up a limited company and even register for VAT as their income grows. The responsibility of keeping accurate records of Sales and Expenses is on the distributor, so that they can fill out their tax return or year end accounts.
As a bookkeeper to several different types of business, the most challenging thing when I take on a new client, or train someone new in Sage or ACT! is actually understanding their business. By offering my services to distributors as they set up their business, I can offer advice from a position of knowledge which means I am half way there already.
I use Forever Living products myself, and have done for a few years now. The Aloe Vera products help me with my Arthritis, and also soothe the children’s eczema, and the Bee Pollen products ease the effects of Hayfever. I have now taken the extra step which will really mean I can provide a unique service to Forever Living distributors in doing their accounts and bookkeeping – I have become a distributor myself. This means I am really learning about how Forever Living works, and about the other products available – and I can offer my services with renewed confidence.
If you are interested in becoming part of an incredibly supportive team of Forever Living distributors and earning an extra income promoting great quality products, please get in touch with me via Twitter, Facebook, or our website, using the links at the top of the page.
Or if you are already involved with Forever Living but struggling with the financial side of your business, let me share my bookkeeping skills and advice with you.