An industry for all industries

There really is no industry that doesn’t require people to fill business, administration and accounting roles. From construction, transport, and logistics to law, finance and insurance firms through to government and non-profit organizations, every single workplace requires someone to undertake administration and financial tasks. The choices are as varied as career goals: these roles are perfect if you want stable, consistent employment; you can use these skills to make your way up the corporate ladder; or, you can apply the knowledge to your own business.

Stable employment, strong outlook

There are certainly plenty of business and accounting positions available, with a quick online search revealing hundreds of new job openings in Dallas Fort-Worth every month. Over 11 million people are employed in various administration and accounting positions in the United States, with over one million in Texas alone.

According to the Bureau of Labor Statistics, by far the largest job description is Office Clerks (General) where Texas has the highest employment in the U.S., with 363,020 people working in these positions. For every 1000 jobs in Texas, just over 30 are for office clerks and the figure is only slightly lower for the Dallas Fort-Worth area. The Dallas-Plano-Irving TX Metropolitan Division is the 5th largest metropolitan employer of Office and Stock Clerks in the U.S. and the 6th largest employer of Payroll Clerks.

While most other positions are in line with growth across the U.S. economy at around 7%, prospects for receptionists and billing clerks are very good with demand for employees in these roles expected to grow by as much as 13% over the next decade.  According to the Bureau of Labor Statistics, this growth can be attributed to increasing demands on the healthcare industry.

No degree? No worries

You don’t need a university degree to get a business and accounting position. According to O*NET OnLine, the majority of these positions do not require associate or bachelor degrees but vocational school or on-the-job training is essential.

These roles are good news for people seeking a career path with strong entry-level prospects: you can expect a lot of your education to be gained on the job. Because each workplace is different, a strong foundation in business practices and other fundamentals provides a bedrock for learning the various systems that could be in place. Make sure that any education you undertake is adaptable to a variety of roles and industries, as there is no point limiting your options before they even arise.

If you are new to the industry it can take around 12 months to get up to speed for administration and accounting roles. You will need to dedicate up to six months on education and another six for training within the workplace.  There are various certifications on offer that showcase your expertise, including Microsoft Office Suite and QuickBooks along with association-specific qualifications. Ensure any course you choose prepares you for these exams.

Do it your way

Is it time to go out on your own? Knowing your way around a business is essential before you take on your next big challenge of small business ownership. Traditional avenues for opening a small business include owning a retail store, starting a consultancy firm in your area of expertise, or becoming a franchisee for an existing company.

Rapid advancements in technology have opened new avenues for those with a thirst for a career adventure. If you have a unique idea, a solid understanding of business processes will help to establish yourself as an entrepreneur who knows what they are doing. If you want to go it alone but aren’t ready to take on an entire business structure, the burgeoning gig economy of short-term contracts and freelance work is ideal for a solo-entrepreneur. Whether you are driving as a subcontractor for Uber or selling your accounting and administrative skills as a virtual assistant, knowledge of business and accounting procedures will help you to keep on top of your taxation and regulatory responsibilities.

Another option, if you want to take a tentative step into the business world, is to take on a ‘side hustle’. A side project such as casual work in the industry you are interested in, online training or taking on some freelance virtual assistant tasks can help you make the right decisions for your career.

Whether it be in a warehouse, an office, a large corporation, a small business or a solo-enterprise, a strong foundation in business and accounting is vital to ensure the smooth day-to-day operations of every business.