Inside Story INVESTMENT LEVEL: FROM £36,950
What does being a TaxAssist franchisee entail? TaxAssist Accountants provides services to small businesses, which include year-end accounts, tax returns, bookkeeping, VAT returns, payroll and cash fl ow projections. Franchisees should consider themselves as the principal of their accountancy practice, employing accountants, while they concentrate on networking, marketing and business development. Franchisees are required to operate from an offi ce or a shop initially, but must make the move to a shop within three years.
David Paulson
“Franchisees will need to demonstrate high levels of commercial awareness, business acumen and energy”
What makes TaxAssist diff erent? TaxAssist is an innovative franchise. It was established when the founder realised that smaller businesses were largely ignored by larger practices and poorly serviced by smaller ones, and that servicing this market would be ideal for a franchise network. Traditionally, accountancy practices lack visibility, commonly positioned behind a door with a brass plaque. TaxAssist has broken with tradition and convention, and has provided a breath of fresh air in the
accountancy world with their retail shop front concept. This was developed to appeal specifi cally to the small business target market in terms of accessibility and visibility, encouraging walk-in trade.
Do you need previous experience? The TaxAssist franchise takes on both accountants and business/fi nance professionals and has found that they make equally good franchisees.
What support do franchisees receive? TaxAssist has won awards for the level of support off ered to its network. This includes initial and ongoing training and support packages for franchisees and their staff , as well as helplines providing comprehensive support on accounting and tax issues, lead generation, marketing campaigns, localised and national PR, and a raft of additional service providers for franchisees to off er an enhanced service to their clients.
Is there room for more franchisees?
There are prime territories still available in the UK and the Republic of Ireland, as well
as resale opportunities for those wishing to buy an established business.
What sort of person do you think
a TaxAssist franchise would suit? Franchisees who are not part/fully qualifi ed accountants will come from
senior management positions within the banking/fi nancial services sectors. Franchisees will need to demonstrate high levels of commercial awareness, business acumen, energy, motivation and communication skills. Like running your own business, running a franchise requires hard work and commitment. We provide the systems, the business model and the experience to run the business well, but the model also relies on you to make it work by introducing your own personality, energy and initiative.
What advice would you give to someone thinking of buying their fi rst franchise? Do your research thoroughly, speak to as many franchisees as possible and ensure you choose a franchise that you are passionate about. There is a host of information available on the British Franchise Association (bfa) website
www.thebfa.org for those wishing to take their interest further.
What are your plans for the future? More growth in the UK, Ireland and Australia, as well as expansion to Canada, USA and New Zealand.
TaxAssist Accountants Accountancy
www.taxassistfranchise.co.uk 0800 018 8297
September 2016 |
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