Accounting and bookkeeping has enjoyed a good year of growth. Much of this could be because of new software that automates many of the more mundane compliance functions. Instead of replacing accountants, it has freed up people with their fingers on the pulse of business finances to move into the role of trusted advisers.
Having cloud systems and other technology to help manage everyday bookkeeping has not stopped organisations of all sizes calling in the professionals to help use forensic and predictive accounting to help underpin business strategy. Plus, as the UK's army of small and medium sized enterprises expands, so does demand for help with their bookkeeping.
If you are starting up a business in this sector working from home or even from a cluster of new offices – then it could be a fertile time. The top 50 players in this industry sector have broken through the £12 million fee income barrier for the first time.
However, it is a sector prone to acquisitions and mergers. Small stand alone ventures can find it tough to gain a stronghold. Building the trust and loyalty of individual or corporate bookkeeping and accountancy clients swiftly can pivot on a brand identity that is already established and respected. This makes it advantageous to use a business model provided by a successful franchise for your new venture. Apart from the marketing support provided, you also benefit from management help, training and assistance with rigorous indemnity and compliance issues.
Which bookkeeping and accountancy companies are currently looking for people who want to be their own boss? Rosemary Bookkeeping is looking for new franchise partners, and so are award-winning Cloud Bookkeeping. Franchise deals that include training options are available from the Financial Management Centre, and the Bookkeeping Clinic is also seeking ambitious entrepreneurs. Lastly, D&T Chartered Accountants is expanding its network via the franchisee route.
For bookkeeping and accounting franchise offers that add up to business success for you, contact us today.