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In this episode, I'm answering an audience question about whether the nonprofit sector is a viable niche for a new bookkeeping firm. I dive deep into the pros and cons of specializing in nonprofits and share actionable strategies for making this niche work.

What You Can Expect to Hear

How to overcome the common challenge of nonprofits expecting discounted pricing through value-based pricing strategies
Specific scalability tactics including productizing services, choosing specialized software, and building efficient processes
Networking strategies and the sweet spot for targeting mid-size nonprofits that have budget but haven't internalized their accounting function

For experienced bookkeepers & accountants:

Learn how to start your bookkeeping business in The Bookkeeping Business Accelerator®: https://www.ambitiousbookkeeper.com/bba
Grab my FREE Start your Bookkeeping Biz Checklist: https://www.ambitiousbookkeeper.com/checklist
Grab my FREE New Client Onboarding Templates: https://www.ambitiousbookkeeper.com/onboard

For new bookkeepers:

Learn the fundamental accounting skills in Katie Ferro's Become a Bookkeeper: https://www.katieferro.com/a/38894/2PQNgtvv

For online businesses:

Become a client at my firm, Of Course Financial: https://www.ofcoursebookkeeping.com/contact

Connect with us:

Visit our website: https://www.ambitiousbookkeeper.com
Follow the Blog: https://www.ambitiousbookkeeper.com/blog
Connect on Instagram: https://www.instagram.com/ambitiousbookkeeper
Connect on Threads: https://www.threads.net/@ambitiousbookkeeper
Connect on Facebook: https://www.facebook.com/serenashoupcpa

Podcast Publishing Tools we use:

Editing → Sabr Media LLC: https://www.iangilliam.com/sabr-media-llc
Descript: https://get.descript.com/u7lubkx09073 (affiliate link)
Buzzsprout: https://www.buzzsprout.com/?referrer_id=1753696 (affiliate link)

203 ⎸ Q: Is the NonProfit Sector a Viable Niche?