March 6, 2018
So...It is tax time again and you are lining someone else's pockets. Ready to own your own accounting business? Here is an exchange between one of our owners and an interested owner just like you!
Have you been a franchisee long?
We signed our franchise agreement in July of 2015 and opened our Office in September of 2015.
Did you have an existing practice before joining?
I did not have an existing practice. I was a full time employee as a CFO in a manufacturing company that I was a minority owner in. The partnership was not working out and I was ready to move on and work for myself.
Were you working as an employee while starting up your franchise or did you just jump into it?
I expected to leave my job within a few months of getting Succentrix started….It actually dragged out longer than I expected, so I worked nearly fully time until July 2016 and then gradually phased out through December 2016. My Succentrix location did a solid in business in 2016, doubled that in business in 2017, and we have already tripled that already in 2018. We have been dealing with explosive growth. We have used the Succentrix model to pick up new clients and we have used their tools to purchase some practices from retiring accountants. We do have an average of 2 new potential clients coming in to talk with us each week from a combination of our networking efforts and referrals.
Overall... worth it and do it again?
I would absolutely do it again. It is certainly worth it. Both the marketing support and the support with tax returns and technical issues is invaluable. When starting out building a practice, the marketing effort is often outside the normal comfort zone for accountants. Having Alan Padgett available to provide both initial training and help anytime we are trying to close a new client is something we would not get on our own. Getting Marketing support from Andrea Williams for updating Social Media is like having an advertising department of our own. When preparing taxes or advising clients…it is tremendously helpful to get support and help from Wayne Nix. Having a real person who can discuss tax planning and business planning ideas with me, provides me with confidence when dealing with a situation that I have not seen before personally and confidence that I am giving the best possible advice to a client. I could not do that without the Succentrix team beside me. If you choose to become part of the Succentrix team, and if you are willing to work hard, you should have a successful and rewarding business that allows you to help people and build a successful long-term business.
Give us a call, drop us a line, or heck just come on by!
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All content posted on this website or distributed by Succentrix Business Advisors is intended for informational purposes only. To determine whether these concepts are appropriate for your business, you should seek advice from a Succentrix Business Advisors representative or an independent advisor before implementation.
Each office is independently owned and operated.
This website and the franchise sales information on this site do not constitute an offer to sell a franchise. The offer of a franchise can only be made through the delivery of a franchise disclosure document. Certain states require that we register the franchise disclosure document in those states. The communications on this website are not directed by us to the residents of any of those states. Moreover, we will not offer or sell franchises in those states until we have registered the franchise (or obtained an applicable exemption from registration) and delivered the franchise disclosure document to the prospective franchisee in compliance with applicable law.