By following our proven and successful business model, as well as taking a proactive approach to marketing, you should be attracting clients at a considerable rate.
Growing your practice and acquiring new clients will be facilitated by your highly-visible shopfront presence, your local marketing and our national marketing activity. You now also benefit from an increased range of services that your practice can now offer under the TaxAssist brand, building on the core tax and accounting services for small businesses.
The shopfront provides your business with a professional appearance where clients will ‘walk-in’ and also gives you the opportunity to encourage referrals. The visibility of the shopfront combined with your passion for your business, enthusiasm for providing high quality service and hard work to drive the business forward will be the key to your success.
Turnover & clients
After five years, depending on your own ambitions, you should be aiming for a turnover of at least $300,000. Some franchisees are happy to maintain this level, comfortable with both the income generated and being relatively light touch on the business, while others continue to work full-time and push past $500,000 turnover.
Profitability
Our training covers the staffing requirements for your business, and we expect a third of your turnover to cover staff costs, another third to cover the other costs associated with running your business and the final third being your profit. Franchisees embracing efficiencies can increase profitability to 40%.
Building an asset
As well as the profits that you should earn while you are a franchisee, you are continuing to build an asset for yourself with a strong sales value. The clients you engage belong to you and are yours to sell when the time is right for you to exit TaxAssist Accountants. A well-run accounting practice generally has more buyers than sellers and the TaxAssist Accountants brand is proven to add value.
