Why…? Award Bookkeeping Company has spent nearly 10 years developing the intellectual property necessary for running a specialist
bookkeeping franchise business. This, combined with the general success of franchised businesses, has created some very powerful reasons why owning a franchised business might be the best thing you've ever done.
Consider the following....
Award Bookkeeping
accounting franchise provides all franchisees:
- Relevant training tailored specifically to the business you'll be running
- A tried and tested system to rely on
- Professional support for the entire time you operate your business
- A full business "package" of everything we consider necessary to operate a professional business consulting franchise.
- Advice on all relevant aspects of business ownership
- Purchasing and Advertising economies of scale
- Effective marketing strategies
- Brand recognition and awareness
- An easier to sell business with a higher resale value
Why not...? Of course any decision you make has risks associated with it so it's only natural that if there are a number of "fors" there are going to some "againsts". We have listed the most common franchising "againsts" below with some suggestions as to why they may not be negatives after all.
- Your income is limited by a Restricted Territory. Unlike most other Franchises Award Bookkeeping Company does not restrict the area In which you operate your business so you can maximise your Income potential.
- You can't be entrepreneurial as a franchisee. This is sort of true. Whilst we strongly encourage franchisees who are entrepreneurial to contribute their entrepreneurial thoughts and ideas we have spent a great deal of time developing a way of doing things that means franchisees don’t need to have entrepreneurial skills to succeed.
- You can start the same type of business on your own for much less money. Buying a franchise may require greater up front capital than starting your own business from scratch. However, statistics show that more than 85% of start up businesses fail in the first five years whilst franchised businesses have a success rate of higher than 85%. A franchise may appear more expensive in the short term but you Increase your chance of success by 567%.
- The Franchisor is always looking over your shoulder. Some people feel that the Franchisor will be "watching'over them waiting to pounce on they mistakes Franchisors have a vested interest in helping your business succeed and yes, they are interested in your mistakes but they're mostly interested in helping you to get It right. This is the "win - win "situation franchisors are looking for.
- There have been reports of franchisors treating franchisees badly. There is no excuse for a franchisor to treat franchisees badly. It does happen from time to time however, there are thousands of franchisees in Australia and generally franchisors are keen to treat them fairly. Award Bookkeeping Company is a respected member of the Franchise Council of Australia which applies strict standards to its members.
25-Apr-2008