You may not be much of a daydreamer, but take a moment to picture the future you want. If you're like many people, that future involves being your own boss instead of answering to someone else every day. Why haven't you made that a reality yet?
Starting a business isn't easy. It often takes a costly investment and it's a major risk to your financial stability. At least, that's what you probably believe.
Buying into an already successful franchise like the BooXkeeping franchise is a whole different ballgame. There is less risk, often less of an investment, and less work required on your end.
Want more specifics? Check out these top reasons you should invest in a BooXkeeping franchise today.
1. Easy to Start, Easy to Build
When you're ready to start your own business, you want to hit the ground running. You don't want to spend a year of your life and hundreds of thousands of dollars just to open the doors.
BooXkeeping is the ultimate turnkey franchise. Your bookkeeping franchise requires little equipment and coordination to start, especially compared to other franchises like retail stores. You can jump in and start making money before you know it.
After you start the business, your franchise is also easy to scale. Your business will operate on a virtual basis, so there's no need to move to a new facility when you grow. You can scale up with few expenses and even fewer headaches.
2. Affordable Investment Costs
Starting your own business is only an option if you can afford it. That's why BooXkeeping is dedicated to staying accessible for more franchisees with lower-than-average investment costs.
According to the US Small Business Administration, typical initial franchise fees range from $20,000-$50,000. We've kept our initial fee toward the lower end of that range to remain affordable to more great franchisees.
Not only are our initial fees low, but your sweat equity will be low too. Starting your business involves far less work and time than most franchises do, so you can start earning back that investment sooner.
3. Expert Training
No one wants to be told, "Here's your franchise, figure it out yourself." BooXkeeping has built a brand on knowledgeable and professional franchisees. We uphold that standard by giving you all the training you need.
We'll guide you through industry certifications to master the art of bookkeeping. Along the way, we'll give you precise training on running your business. You'll be able to jump into your business knowing all the ins and outs and feeling confident in the road ahead.
4. Supportive Partnership
As thorough as our training is, we don't have a crystal ball. No training regimen can account for every possible scenario you may encounter while running your business.
That's why we invest heavily in supporting our franchisees. You'll have a support team available at your fingertips to handle any questions or concerns you may have.
On top of dealing with unexpected issues, we'll also give you support for growing your business. We can provide ongoing training and development as well as experienced professionals who are here to help with expert advice.
It's truly the best of both worlds: you're your own boss but you have guidance and support when you want it.
5. Ready-to-Use Marketing
Marketing is one of the greatest challenges business owners face. How do you reach customers, make an impression, and earn their trust? In fact, many businesses spend tens of thousands of dollars each year on marketing consultants to answer those questions.
As a BooXkeeping franchisee, you can cut that budget. Our team has taken on the expense of a knowledgeable and skilled marketing team.
We provide a wide range of marketing materials you can use to inform the community about your business. Our marketing specialists can even give you hands-on training in marketing methods like search engine optimization, social media marketing, client presentations, and more.
6. Team-Building Expertise
In your BooXkeeping business, the scale is up to you. Some franchisees keep their businesses small and perform all the bookkeeping services themselves. Others want to grow their businesses and take on more clients than one person can keep up with.
To grow your franchise, the key is hiring great bookkeepers to take on the added work. As any business owner knows, though, hiring can be a serious challenge and a time-consuming task.
It isn't when you're a BooXkeeping franchisee. Our team already has an extensive database of bookkeepers we can connect with you. We can also offer guidance and support to help you know what to look for and how to find the right candidates.
7. Extensive Client Base
You could have the most original and fantastic business concept in the world. If it's so specific that it's only useful to a few people in your area, though, you won't have the success you're looking for. Every business's potential is limited by its client base.
With a BooXkeeping franchise, you have a massive client base at your disposal. Our business model is ideal for serving small businesses. Did you know there are over 30 million small businesses in the US alone?
That's a huge market for you to reach into. In fact, with so many small businesses across the country, chances are that you already know some small business owners you can network with. The revenue is there, you just have to find it.
8. Pre-Built Brand
We won't mince words: building a brand isn't easy. Especially with a business that handles money and tax documents, you need to have a well-known and trusted brand. For most brands, that takes years of work and a heavy investment in building their presence.
if you invest in a BooXkeeping franchise, that work is already done for you. We're well-known and respected throughout the business community already. That takes some of the work and financial burden off your back as you're reaching customers and establishing your business.
Part of the benefit of being your own boss is being able to create the working life you want. You want to roll out of bed at 10am and work at home in your pajamas? Consider it done.
Unlike many types of franchises, a BooXkeeping franchise gives you that flexibility. You operate your business on a virtual platform rather than in a physical location. You can work anywhere at any time.
Of course, if you prefer, you can choose to set up a physical location too. If you enjoy that separation between work and home, you can have it. It's all a matter of your preference and what setup helps you to be successful.
10. Fewer Worries on Your Shoulders
A brick-and-mortar business comes with many risks. For starters, commercial real estate is expensive so you have far more ongoing overhead.
You also have the risk of damage and other issues with your physical location. Severe weather, traffic accidents, fires, and other hazards could appear at any time and damage the facility. You could be forced to pause the business while you try to fix the damage.
That's another benefit of a BooXkeeping franchise: no physical location is necessary. You can keep your risks low by running the business at home.
11. Track Record of Success
When you start a business from scratch, your mind is whirling mess of question marks. Will your business make money or lose money? Will it still be here in a year? Is your business model even practical?
A BooXkeeping franchise takes away many of those questions. You aren't starting from scratch. You're coming into a business that already has a business model that has brought success to franchisees across the country.
Sure, your business's success will still depend on you and the work you put into it. However, you know for a fact that success is possible with your business model and that you have a team of people who are here to help.
12. Increasing Demand
Remember when we talked about the advantage of having a huge client base available? It gets better: that client base is actively growing.
One type of business that is a great fit for BooXkeeping is the independent freelancer. These one-person businesses run the gamut from graphic design to housekeeping and beyond.
More and more people are turning to the world of freelance to have more independence in their careers. In fact, 57 million Americans were freelancing in 2019. That's an increase from the 53 million freelancers in 2015, and experts predict that the freelance market will keep growing.
What does that mean for you? It means an ever-expanding pool of potential clients.
13. Predictable Workloads
One of the struggles with many businesses is the "feast or famine" cycle. There are times when the company has more business than it can handle and other times when there isn't enough business to go around.
The BooXkeeping business model is different. Most of your clients will be continuous customers with a fairly consistent workload. You may be busier at the beginning of each reporting period with added reports, but you'll know it's coming.
This is because the business model is set up to serve clients with their ongoing bookkeeping needs. You can expect few (if any) short-term projects. As a business owner, this makes it easy to see when you need to add employees or make other adjustments.
14. Choosing Your Schedule
Part of the reason so many BooXkeeping franchisees love their businesses is because they can make the business exactly what they want it to be.
Want to be a business owner but only have a few hours each day to dedicate? You can do that. Want to leave your 9-5 and build a business as your full-time career? You can do that too.
The business model's scalability makes it easy to choose how you want to lay out your business.
15. Life-Friendly Business
No matter how passionate you are about your business, it isn't the only thing in your life. You have family, friends, social engagements, household obligations, and more. Running a typical business tends to take up more time than many families can offer.
BooXkeeping, on the other hand, is especially life-friendly. With no need for a physical location, you don't have to be out of the house for extended periods of time.
You can also arrange your schedule any way you choose. In fact, you can even hire bookkeepers to do all the actual work so your time is minimized.
Because of this flexibility, BooXkeeping has become a popular franchise for stay-at-home parents. You can keep an eye on the kids and the household while tackling as much work as you have time to do. We're also a popular franchise for military spouses who can keep running their business no matter how often they move.
16. Opportunity for Non-American Entrepreneurs
The US has long been a popular destination for immigrants, but it isn't always easy to find a way in. Buying a BooXkeeping franchise can open that door.
The US has a program called the E-2 investor treaty. This treaty is designed for nationals from specific countries who have invested in US businesses. It offers a specialized visa to those investors.
BooXkeeping has numerous franchisees who have enjoyed the benefits of the E-2 investor visa. As you work with your immigration lawyer to coordinate this visa, we are happy to provide any documentation you need.
Becoming a Business Owner with a BooXkeeping Franchise
For so many people, owning a business is the ultimate rung on their ladder of success. It provides a balance of a comfortable income with the freedom of making your own schedule. If that's your dream, you don't have to start from scratch.
The advantages above are merely the tip of the iceberg for a BooXkeeping franchise. To find out more about the opportunities in store for you, contact the BooXkeeping franchise office today.