Choose a franchise that specializes in the tax zone where you plan to operate your business. With over 100 locations across the United States, Supporting Strategies has proven to be one of the best bookkeeping franchise opportunities out there. Part of their success comes from their in-depth training and development, which includes a six-month onboarding program and continuous e-earning through their Supporting Strategies University.
Many franchisors require regular reports that include sales data, expense breakdowns, and financial statements. These reports help the franchisor understand each location’s performance and identify trends across the franchise network. Make it a habit to generate these reports on time to maintain good standing with your franchisor. Services that produce recurring revenue are also often very scalable, meaning you can make more money in less time than with other types of services.