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Is Franchising in the Bookkeeping Industry Right for You? 3 Questions to Ask Yourself

Nov 20, 2017 3:00:00 PM / by Steve Schultz

In determining your next career move, there are several factors that come into play. If you’ve never worked in the bookkeeping industry before, you want to be confident that it’s the right industry for you, and that the investment will yield a profitable return. You also need to understand the costs associated with opening a franchise, and do your due diligence on the franchisor. The franchisor-franchisee partnership is extremely close and symbiotic, and it’s important that it’s a good fit on both ends. By asking yourself these three questions, you’ll be able to decide if opening a franchise in the bookkeeping industry is right for you.

Supporting Strategies Bookkeeping Industry

What are the Costs Involved?

Any franchise is going to require a small investment that includes a franchise fee, operational costs, and a royalty payment. Before diving into a franchise, you should make sure you’re financially capable of the commitment; however, it’s important to be aware of the many resources, educational materials, and technologies, that become available to you when you invest in a franchise.

At Supporting Strategies, franchisees can look forward to being awarded their own exclusive marketing territory, as well as a marketing kit that includes brochures, folders, popup banners, website assistance, or business cards. We also provide franchisees with an operations manual, virtual cloud technology, and our proprietary software called WorkPlace, to keep you ahead of the competition. We believe providing the right resources to our franchisees is crucial to ensuring their success and profitability.

Am I a Good Fit?

At Supporting Strategies, we consider franchisees part of our family. Before joining us, we want to make sure you’re a good fit—just as you will want to determine if we are a good match for your needs. To this end, we’ve developed a process to help us get to know you better, and ensure that you’re fully informed about the bookkeeping industry.

Our Discovery Experience is a fully-guided virtual tour that shows you what Supporting Strategies is all about! Hear directly from our CEO and Support Team, ask any questions you may have, and get the answers you need. By the end of our Discovery Experience, you will have met the CEO, learned more about our franchise offering through informative webinars, and gained a thorough understanding of our industry. 

Is this Industry Right for Me?

Many of our franchisees don’t come from the bookkeeping industry, and might therefore have some questions regarding our industry and its outlook. Well, the good news is, that outlook couldn’t be brighter. Recent economic growth has contributed to the bookkeeping industry’s success, and the influx of new companies means a rising need for experienced CFO’s and bookkeepers. With $110 billion in annual revenue, the industry is poised to grow 5.2% per year, which should assuage any doubts about the profitability of our space.

Learn more about our thriving industry, and get in touch with us if you think a career in the bookkeeping industry might be a good fit for you.

Topics: bookkeeping franchise, bookkeeping industry, bookkeeping business

Steve Schultz

Written by Steve Schultz