Would you like to know how to start, run and grow your own bookkeeping business?
Are you trying to;
Start your bookkeeping business?
Choose a name or structure?
Calculate your hourly rate?
Buy a bookkeeping business?
Get information about the important things to investigate when looking into a bookkeeping franchise?
Expand your client base?
Market your services?
Grow your business?
Work from home in your bookkeeping business?
Write a business plan tailored to a bookkeeping business?
Do you know;
What is the MOST important thing to have in your bookkeeping business which can save you from disaster?
What ALL bookkeeper need, but very few actually have in their business?
How to create an endless client base?
The 5 top ways to get clients for free?
How to create value in your business by choosing the right business name?
How to get FREE advertising for your business?
We have the answers to these questions and more in My Bookkeeping Business.
For a short time you can also receive a free e-course which covers all of the above topics and more!
Information direct to your inbox to help you start, run and grow your bookkeeping business.
Subscribe today!
Showing posts with label Bookkeeping franchise. Show all posts
Showing posts with label Bookkeeping franchise. Show all posts
Friday, August 28, 2009
Friday, August 21, 2009
Bookkeeping Franchises
Is a bookkeeping franchise for you?
If you have started to think about setting up your own bookkeeping business, you may have thought about your structure, your qualifications and experience and may have thought about what services you can provide. If you not sure about your ability to start your own business, you may be thinking about buying a bookkeeping franchise.
Franchises can be a good introduction into business if you are not confident about the whole package which is required to be a business owner/operator. They can be however quite costly to but into and a bookkeeping business is often the type of business that people start on a shoestring budget. If this applies to you paying upwards of $20,000 can be a big dent in your finances, especially if there are large ongoing fees.
If you are looking at buying a bookkeeping franchise to start your own business, do your due diligence, another words, do your homework, look at EVERYTHING.
What is included in the franchise fee?
What payments are required on an ongoing basis and how much are they?
What do you get for your money?
What support do you get?
What training do they provide?
Do you have a specific area or territory you can market in?
Do they give you clients?
What is the projected return on investment?
How long is the franchise agreement for?
Does the agreement give you enough time to recover your costs, make a profit and experience capital growth?
Are there any legal issues with other franchisees which are not yet evident?
These are certainly not all the important point, but it just gives you an idea of what to look for in a franchise opportunity and how to assess the merits of the different franchise models available. You need to know exactly what you are getting for your money and if it is of value to you. Can you do what the franchise is giving you?
Overall a franchise might be suitable for you and your personality, but like all business decisions, evaluate your options, do your research, get professional advice from your accountant and lawyer and then select the option that is right for you personally.
If you have started to think about setting up your own bookkeeping business, you may have thought about your structure, your qualifications and experience and may have thought about what services you can provide. If you not sure about your ability to start your own business, you may be thinking about buying a bookkeeping franchise.
Franchises can be a good introduction into business if you are not confident about the whole package which is required to be a business owner/operator. They can be however quite costly to but into and a bookkeeping business is often the type of business that people start on a shoestring budget. If this applies to you paying upwards of $20,000 can be a big dent in your finances, especially if there are large ongoing fees.
If you are looking at buying a bookkeeping franchise to start your own business, do your due diligence, another words, do your homework, look at EVERYTHING.
What is included in the franchise fee?
What payments are required on an ongoing basis and how much are they?
What do you get for your money?
What support do you get?
What training do they provide?
Do you have a specific area or territory you can market in?
Do they give you clients?
What is the projected return on investment?
How long is the franchise agreement for?
Does the agreement give you enough time to recover your costs, make a profit and experience capital growth?
Are there any legal issues with other franchisees which are not yet evident?
These are certainly not all the important point, but it just gives you an idea of what to look for in a franchise opportunity and how to assess the merits of the different franchise models available. You need to know exactly what you are getting for your money and if it is of value to you. Can you do what the franchise is giving you?
Overall a franchise might be suitable for you and your personality, but like all business decisions, evaluate your options, do your research, get professional advice from your accountant and lawyer and then select the option that is right for you personally.
Subscribe to:
Posts (Atom)
