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What You Need to Know About a Financial Services Franchise Investment | Supporting Strategies Franchise

Jun 30, 2019, 8:01:00 AM / by Steve Schultz

Before investing in a financial services franchise, you should know exactly what that investment actually means. While opening a new franchise is never easy, or predictable, now is actually the best time to enter the bookkeeping industry with a franchise of your own. With new companies cropping up at a promising rate, and all of them requiring some level of bookkeeping, there will be no shortage of demand for your services. When you make an investment in a Supporting Strategies franchise, you can expect to enter a thriving industry, as part of a sophisticated franchise system that’s constantly evolving.

Our Industry

If this is your first franchise experience, you’re in luck. You’ll be investing in a strong industry that’s poised to continue growing in the coming years. Over the past five years, the payroll and bookkeeping services industry has grown by 4.5% to reach revenue of $78 billion in 2019, and outsourced bookkeeping is a significant part of that. New companies are cropping up every day, and business-owners need a qualified financial services franchise now more than ever to manage their finances and keep their businesses running smoothly.

Investment

All franchises require an investment, including a franchise fee, operational costs, and a royalty payment, but at Supporting Strategies we try to keep these fees as affordable as possible, so you don’t break the bank. Before making any investment, be sure that you’re financially capable of doing so, but also be aware of the resources, educational materials, and technologies that investment yields. Our franchisees are given their own exclusive marketing territory, as well as a marketing kit including popup banners, website assistance, business cards, and brochures. You will also receive an operations manual, and access to our proprietary software called WorkPlace to keep you ahead of the competition.

A Constantly Evolving Company

Since the financial services franchise industry is constantly changing, it’s important to stay abreast of new evolution. That’s why we provide a full suite of resources to keep you as informed as possible, and to help protect your investment. Our e-books cover all the nuances of our company, as well as the finer details of the bookkeeping industry as a whole. Since bookkeeping franchises are always dependent on new technologies to stay current, you should feel up-to-speed on those processes, and comfortable acclimating to new technology. Our cloud bookkeeping technology in particular is an important aspect of how our franchise is run – all your information will be stored in a remote, easily-accessible space, saving your client’s information and backing up data instantly. As technology changes and develops, we pride ourselves on being able to adapt and stay ahead of the curve.

To learn more about opening a financial services franchise with Supporting Strategies, get in touch with us today.

Topics: financial services franchise

Steve Schultz

Written by Steve Schultz