08 Sep, 2017

What Is A Franchise Opportunity

What is a franchise opportunity The US Small Business Administration defines a small business as an independent business having fewer than 500 employees. These small businesses have a very positive effect on our economy, as they employ over 50% of private sector employees. Small businesses pay 44% of total US private payroll, and continue to generate new jobs. How can that help you in your decision to start a new franchise opportunity? Additionally, what type of franchise opportunity should you select? Have you considered Tax preparation or cost reduction franchises? What is a franchise opportunity? Even today, 100's of thousands of new businesses are starting up. New Franchise opportunities and business opportunities are taking hold and showing stability. With the proper work ethic and capital you can find a good franchise opportunity that will succeed. With the growth of small business, there continues to be a need to service the small business community. Some of these services include providing small business with accounting, financial reporting, corporate tax preparation, government compliance, payroll services, and general business services You do not need experience in each of these fields. I suggest having good people skills and some business experience is a plus. What is a franchise opportunity? In any Business, new or established, They have 3 major expenses; 1. Payroll 2. Taxes 3. A place to do business, thus resulting in a lease As with any good franchise or business, they need to review each of the above to find ways to legally cut costs, and increase cash flow. Would it surprise you to know that nearly 80% of the time, the leasing business, has been over charged on their lease. In the case of taxes, most of these small businesses have no tax accounting department. Even if there was a tax accounting department, mistakes on taxes are common. If you have your taxes reviewed by multiple accounting firms, there will always be changes. These changes, once again affect the cash flow of franchises and small business owners. So, what does this mean to you? What is a franchise opportunity? There are several great franchise opportunities and business concepts that service the small to mid size business. In most cases, you will be able to provide services to them on a contingency basis. Offering services on a contingency is also a service that allows for cash flow and a win situation for you and your client. The service franchises are growing and offer much needed assistance to small businesses today. Consider a tax or cost consulting franchise. They can be low cost franchises, and offer timely profitable enterprises.