TaxAssist Accountants Successful Franchises
Mark Fordham (pictured) shares what it is like to be a TaxAssist Accountants franchisee with Select Your Franchise...
"My background is in banking, internal audit and lecturing at degree level. Realising that my whole career had been with big corporations, I decided that I wanted to work for myself and build up my own business close to where I live in St Albans. In October 2003 I took the plunge and joined TaxAssist Accountants.
The reasons why I chose to consider franchising are the lower risks, and support in areas I had little or no experience of, such as sales and marketing. As part of my due diligence I visited the franchise exhibition at Wembley, looked at websites and magazines, spoke to franchisees and attended discovery days. I also attended a BFA workshop. The reasons I chose TaxAssist Accountants were the positive feedback I received from the franchisees and the success to date of the franchise, the set up of the Support Centre and the trust I had in them running the franchise. Added to this, I felt that accountancy and tax was an area I could succeed in.
The training and support I received have been fantastic. I attended a five week initial training course which covered accounts, taxation, software, sales and marketing. The training is provided by BPP Professional Education and the Support Centre in Norwich. The training and support have continued whilst I’ve been out in the field in the form of technical and marketing help lines, on site visits from technical personnel and Directors, update training days, and of course the support and advice of other franchisees.
Have I faced challenges along the way? Of course. I work harder now than I ever have and I was slow to take on staff and have perhaps been guilty at times of working in the business, not on the business as I should have done.
If someone asked me what advice I would give to someone buying a franchise, I would say to do your research thoroughly. Think about what you will need from the franchisor and consider if they will provide this. Talk to existing franchisees and get a feel for how they are doing.
Since joining TaxAssist Accountants my business has gone from strength to strength. It has been hard work and great fun to take the business from a blank sheet of paper to over 350 clients in a short space of time. The support from TaxAssist Accountants has been first class. Everything they said they would do has been done and more. I estimate that my business is at least a year ahead of where it would have been had I started on my own as a result of joining the franchise. I am looking forward to continuing to grow a successful business."
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