Top 4 Reasons to Franchise with SmartBooks
If you are a finance executive looking to build your own business and want to explore an alternative to the traditional consulting route, then a SmartBooks Franchise could be right for you. There are many benefits to partnering with a franchise instead of building your own business from scratch, and here are the top 4 reasons to consider franchising with SmartBooks.
Reason #1: The (Continued) Rise of Outsourced Finance, Accounting, Payroll, HR and Tax Services
Small business owners are continuing to invest in their finance tech stack and are recognizing the value that outsourcing the underlying functions these technologies support to a team of experts is a winning strategy. In fact, Grand View Research indicates that the Business Process Outsourcing market is expected to grow from $237 billion in 2020 to $405 billion by 2027 – a CAGR of 8%.
Source: Business Process Outsourcing Market Size, Share & Trends Analysis Report By Service (Finance & Accounting, Human Resources, KPO, Procurement & Supply Chain), By End Use, By Region, And Segment Forecasts, 2020 – 2027 by Grand View Research
Reason #2: The Wisdom of the Crowd
When you franchise with SmartBooks you are gaining access to the entire team of experts in accounting, payroll, hr and tax so you are truly not alone. Ever hear the adage “I may not know the answer but my network does?” The team of experts behind SmartBooks enables you to tap into the wisdom of the crowd when you don’t have the answer, and look great in front of your client. Not to mention that we are continuing to build out our network of other fractional CFOs and franchisees so the crowd keeps growing.
Reason #3: Recession Proof Business
Despite what many of the talking heads have said over the past years, technology will not replace the need for experts in finance, accounting, payroll, hr and tax. There are some things that simply cannot be automated. With multiple income stream opportunities, there are many ways that you can add value to a small business owner. Even in the midst of a global pandemic, our core business was able to add value by helping business owners navigate the various types of loan products that were available, helped with PPP forgiveness tracking and applications, supported them with layoffs and massive hiring sprees, and everything in between. We are proud to Empower Healthy Business and enable business owners to focus on what they love to do, and leave the rest to us.
Reason #4: Multiple Revenue Streams
We offer more than just bookkeeping, and more than just CFO. With multiple recurring revenue streams, from basic bookkeeping up to fractional CFO, and everything in between, or payroll and HR, or even tax you have multiple opportunities to add value and win business.