With any new business venture, there’s a long education and familiarization process involved, including financial risk, and it’s natural to be skeptical. We always encourage our franchisees to exercise due diligence, and have all the information they need before signing on with us. All too often, however, prospective franchisees are frightened off by misconceptions and misinformation. We’ve been in the franchising business for many years, worked with franchisees of all backgrounds, and helped them work through a variety of obstacles. If you think investing in a bookkeeping franchise might be right for you, here are a few common myths you shouldn’t let stand in your way.
I Need to be an Industry Expert
You don’t need to have extensive industry experience in your given field to run a successful franchise. While it never hurts to have prior experience in your chosen industry, it is by no means required. Our franchisees have backgrounds in a variety of diverse businesses and may not have worked directly in the bookkeeping industry before — although they should have some degree of finance experience and a genuine interest in the bookkeeping industry. More useful than a lengthy career in bookkeeping is a passion for new technology, a commitment to understanding our process, and a curiosity for learning the ins and outs of our industry.
We pride ourselves on providing an extensive suite of training resources, designed to get you up to speed on everything you need to know. We offer training seminars for you to attend, as well as our Supporting Strategies University which includes on-demand, video-based courses, a library with standardized procedures, customized templates, and more.
There’s No Flexibility
A common fear surrounding franchising is that the franchisor will impose restrictive rules, preventing the franchisee from operating the business according to their own unique vision. We understand that one of the main reasons people leave a corporate job is because they’re looking for more freedom, and the ability to customize a business to their own personal taste is a critical component in what they’re looking to find in a franchise investment.
At Supporting Strategies, we want you to be your own boss. With a bookkeeping franchise, you can truly have complete control over the size and character of your business; whether you decide to rent office space, work from home, hire several employees, or run a one-man operation. Franchisee flexibility is among our most important values.
It’s Too Expensive
There’s no getting around the fact that franchising isn’t cheap. Investing in a bookkeeping franchise is a big decision, and you should always make sure you’re financially capable of taking the plunge.
However, it’s important not to let yourself get overwhelmed. Remember, you’re buying a turnkey business model with a proven track record of success. You’re not just buying a brand name, but a network of support, a suite of educational materials, and cutting-edge technology that will help guide you toward success. A franchise isn’t just a purchase, but a true investment, and it’s our job to help you realize the full value of that investment.
If you’re ready to take the next step toward owning your own business by investing in a bookkeeping franchise, reach out to Supporting Strategies today to get started.