You've wanted to own your business. You've wanted to work for yourself. But unemployment is up, and the credit market is down. These days, the question isn't just when you'll be able to do it, it's how.
If you're going to leave your corporate, structured job and branch out on your own, how do you decide what type of business to go into? According to allbusiness.com, the trick is to get into an industry where "no matter what the state of the economy, people must or will purchase the product or service." Think about your own life to determine this - in which areas do you not cut back? For many people, financial services may be at the top of the list. In addition to the universal need for financial services, The Wall Street Journal tells us that the "service-producing sector is expected to account for 96% of job growth between 2008 and 2018." In particular, the professional and business services sector will flourish, adding more than four million jobs, as indicated by the Labor Department.
The credit market is still under pressure, and start-up capital is hard to come by, so how do you start your own business without breaking your own bank? Many new business owners are forced to turn to private investors, personal savings, and even credit cards, to be able to open their doors. According to Reuters, workers are looking to franchising as their best bet: "many [are] looking to make the leap into entrepreneurship under the safety net of a tried-and-true business umbrella." Smart, business savvy businesspeople are "looking for a structured plan that offers the promise of financial independence." Franchise models offering business format franchising provide their franchisees with "step-by-step procedures for major aspects of the business," as indicated by the International Franchising Association (IFA), including a "complete plan for managing and operating the establishment." The IFA also points out that business format franchising had about 4.3 times as many establishments and employed 4 times as many workers, as product distribution franchising in 2001.
Businessweek recently profiled eleven former Wall Street workers-turned-franchisees, all of whom "love the freedom of being their own bosses, rather than being at the mercy of their employers."
Now you know to look for job growth and a solid business plan to franchise, so how do you find the right company? BookKeeping Express (BKE) offers the only national franchise model for outsourced bookkeeping. We are leading the industry by providing a proven, turn-key business model perfectly suited for business professionals and entrepreneurs, in an exciting, recession-proof industry. Other benefits of the BKE franchise system are the low cost of entry, quick return on investment, and availability of exclusive territories. By leveraging our 25 years of bookkeeping industry experience, you'll have all the support you need to succeed. The BKE franchisee will receive: training and certifications; an established technology infrastructure, including QuickBooks, a client relationship management system, intranet, and help desk; lead generation, PR, partners, and quality assurance programs; and ongoing business support from our corporate headquarters.
Contact Bookkeeping Express today!
By email-
info@bookkeepingexpress.com
By phone- (703) 766-5757 or (877) 526-6747
