Client: Royal Key
Name: Denis Andrei Valcu
Business Name: Royal Keys Market Limited
Line of Work: E-Commerce
Osome Package: Accounting Rocking Package
Member Since: April 2021
About RoyalKey: Software for Gamers
For Denis Andrei Valcu, setting up his own business was his dream and passion. Fast forward to today, the company he set up, RoyalKey, gets most of their business through gaming channels, honing their reputation as a go-to for gamers’ software needs.
RoyalKey aims to provide accessible, reasonably priced software for everyone. From Microsoft Office packs, Windows 10 Operating System to Antivirus software, they strive to provide these to consumers at the lowest possible price.
“I love what I do, so it never feels like work. That’s why I’m starting at this early age.”
The Challenge: Bookkeeping and Accounting Work Eating Up Hours and Revenue
However, in a short time, Valcu realised that he was overwhelmed by the volume of orders and spent a lot of unnecessary time handling the accounting and bookkeeping aspects of the business.
“I spent 3-4 hours every day recording transactions and entering it into my books. There was a lot of manual data entry.”
Another pain point Valcu faced was the price when it comes to outsourcing accounting. Most companies in the market were too expensive.
Solution: Affordable Accounting Service That Matches The Revenue of Royal Key
However, since Osome provides accounting plans that match the revenue of a business, RoyalKey’s founder was able to outsource accounting and bookkeeping affordably with Osome’s Accounting Rocking Package for companies with a monthly revenue under HK $300,000. Since then, Vacu has seen a positive change in business and he has been able to experience significantly less stress.
With that peace of mind, he’s been able to explore other areas of growth in his company.
“I can now focus on a reward program for my customers instead of focusing on accounting and I am very thankful for that.”
Advice for Entrepreneurs Out There
Many people think that starting a business will make them rich. However, entrepreneurship is not easy at all. For those who are thinking of starting a business in this field, RoyalKey’s founder shares this piece of advice:
“One single piece of advice - persevere and just start doing the job. Even if you fail, you will fail better and learn something from it. Just don’t give up.”
When it comes to running your own business, it is not easy to juggle everything from marketing to bookkeeping and accounting – we get it. Fortunately, you don’t have to struggle with everything on your own! Work with a trusted partner who will take care of all your administrative needs, such as Osome. Try out our bookkeeping and accounting services today and try it for yourself!