Did you know that franchise owners can earn about $80,000 to $250,000 per year?
Starting a business from scratch can be difficult with your own hands and cash. However, investing in a bookkeeping franchise may give you that market boost that you need. You get to enjoy fewer risks, less work on your end, and affordable investment.
Read on as this guide will encourage you to invest in a bookkeeping franchise, even as a beginner.
1. Affordable Investment
A bookkeeping franchise doesn't need a huge amount of fees to open and run. The fees of buying the franchise will be much lower than starting your own from the ground up. You also have the advantage of asking the selling franchisee to pay the franchise transfer fee for you.
The bookkeeping business only needs a few materials, such as software and a computer. You won't have to worry about buying new lights and furniture as well as repairs and replacements.
2. Easy to Build
When starting a new business, you don't want to spend hundreds of dollars trying to keep the doors open. Bookkeeping franchises are easy to start and require little coordination and equipment. You won't suffer from headaches and debt since the franchise is also easy to scale.
3. Get Loans Easier
Getting a loan for your bookkeeping franchise is way easier. This is because lenders are more likely to believe that the franchise is successful. There's no need to default on business loan payments anymore.
4. Vast Client Base
A BooXkeeping franchise already has a large client base. With 30 million small businesses in the United States, you have a huge market to explore.
5. Get a Pre-Existing Brand
Building a name for yourself in the market is difficult, especially since there are many competitors and picky customers. A franchise already has that sorted out for you since they're already respected and known in the business community.
6. Gain Ongoing Support
Franchisors typically give initial and ongoing support and training to franchisees. They want to ensure that the franchise succeeds and can grow into something bigger in your hands.
7. Rising Demand
During this pandemic, many freelancers are now roaming the internet for more independent careers. Bookkeeping from home is a profitable job that benefits you and freelancers.
8. Consistent Workload
There are times when a firm can't handle too much business or lacks enough for anyone to go around. However, a bookkeeping franchise can provide a continuous flow of customers with consistent workloads. It may get busy at the beginning of every reporting period, but you will know it's coming.
The best part about investing in a bookkeeping franchise is that you are your own boss. You can create a work schedule that fits your lifestyle, preferences, and setup.
10. Opportunity for All
Whether you're an entrepreneur or not, anyone can invest in a bookkeeping franchise. Purchasing a franchise means that you get a working business model and guidance leading to success.
Consider Investing in a Bookkeeping Franchise
Once you get around the bookkeeping basics, you'll get to enjoy the opportunities given by a franchise. Although you may not get everything you want in the business, you still have the power to make your own schedule and gain a stable income.
Learn more about bookkeeping and how to invest in a bookkeeping franchise today! Feel free to contact us to discuss your future as a franchisee.