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4 Things You Should Know about Owning a Bookkeeping Franchise

Jan 19, 2018 11:00:00 AM / by Steve Schultz

While you might have done some research about what it takes to open your own business, a bookkeeping franchise is a truly unique opportunity. We want our franchisees to understand the nuances of our thriving industry, as well as the investment costs involved, benefits of that investment, and what qualities make an ideal franchisee. There are no shortage of franchise opportunities out there, but at Supporting Strategies we believe that operating your own remote bookkeeping franchise provides unparalleled flexibility, fantastic growth opportunity, and all the tools you need to thrive in this exciting industry.

Industry

If you’ve never worked in the bookkeeping industry before, you probably have some questions  regarding our industry and its outlook. Luckily, the bookkeeping services industry has enjoyed significant profitability in recent years, and is poised for even more growth in the future. This is largely due to recent economic growth, as well as the influx of new companies in the marketplace. The result has been an increased need for experienced bookkeepers. With $110 billion in annual revenue, our industry is poised to grow 5.2% per year, which should excite anyone considering jumping into the bookkeeping franchise space.

Investment

All franchises require an investment, including a franchise fee, operational costs, and a royalty payment. Supporting Strategies tries to keep these fees as manageable as possible. You should always make sure you’re financially capable of making the investment, but it’s also important to be aware of the many resources, educational materials, and technologies, that the investment yields.

Our franchisees are awarded their own exclusive marketing territory, as well as a marketing kit that includes popup banners, website assistance, business cards, and brochures. We also give franchisees an operations manual, and access to our proprietary software, WorkPlace, to keep you one step ahead of the competition.

Location-Independence

One of the main benefits of choosing a bookkeeping franchise over other franchise opportunities is the ability to run your business remotely. Because of this, there’s no need to rent an office space, saving you money in rent, maintenance, advertising, signage, and so forth. The flexibility to run your business from the comfort of your own home sets us apart from other franchises. You can tailor your workday however you see fit, to suit your own personal needs.

Am I a Good Fit?

Because franchisees are part of our family, we want to make sure you’re a good fit for us too. This is why we’ve developed a process to help us get to know you, and for you to get to know us.

Our Discovery Experience is a fully-guided virtual tour that shows you what we’re all about. Hear directly from our CEO and Support Team, participate in our webinars, and learn everything you need to know about our franchise offerings.

To take the first step toward owning your own bookkeeping franchise, reach out to us today to find out how to get started.

Topics: bookkeeping franchise

Steve Schultz

Written by Steve Schultz