Accounting Services business

It may not be considered a "sexy" industry, but small and independent firms that help companies manage cash flow by keeping on top of accounts receivables are increasingly in demand -- especially during a time when customers will do anything they can to avoid paying bills. Accounting work is a function that companies routinely outsource, especially when they are seeking to cut costs during a recession, which opens up opportunities for start-ups. Profit margins can be especially high for solo entrepreneurs or those who run their businesses from home. According to recent data from Sageworks, private accounting firms have seen a 20.9 percent growth in profit over the last 12 months.