It's a good thing to be your personal boss and to be in charge of your time. It has been said so many times that nobody gets rich when you are an employee. However, starting a company is risky; there is always the chance the business will not prosper. But, there is also the chance the business will require off and becoming a millionaire. Experts advise that if there is money enough for a capital, starting a business is the best choice.
liberty tax franchise review
Becoming a franchisee is a wise decision. Finding yourself in line with some of the very successful brand names boosts the chance of success, provided that the franchisee works hard and it is dedicated to the business. Liberty Tax Services are one of the best companies franchising today.
Liberty Tax Service is a company based in the Usa which specializes in preparing tax statements for companies and folks. The company started in Canada in 1997. It became known as Liberty Tax Service in 1998 and as of the year 2010, it had been one of the fastest growing companies on the planet dedicated to the preparation of tax returns.
The startup cost for any Liberty Tax Service franchise is just $70,000. It is more affordable than other companies. When starting a franchise, there are many things to consider aside from finances. A good location is needed. After all, business is all about location. The company has rules and regulations on where franchisees can setup their business and everyone who wants to be a franchisee must stick to them.
Here is a breakdown of costs of startup and operations. There is the initial franchise fee of $40,000, advertising amounting to $5,000, travel and bills while training which can amount to $2,500, equipment and furniture at $3,000, rent $6,000, payroll $5,000 and other miscellaneous fees. Although the company does not have any say when it comes to hiring employees, criminal background checks have to be done to make sure that they are reliable and trustworthy.
Communication is essential to the company, this is the way they help their franchisees build and improve their business. They have many departments which will support franchisees. There is the training department which coordinates various training sessions; there is the marketing department that takes care of advertising and placement of ads; there is the supply department where franchisees can order supplies and vendor contacts; there is tax support, a tech support team department which can be called upon for problems with software; there is the franchise development department that has information on everything about franchise and of course, area developers who act as the initial contact for those issues about operations.
Liberty tax franchise
While looking to start any business it is necessary, particularly considering the market today, that you look for specific methods to cut minimize or reduce overhead and risk. Any company is going to have risk, but it is important to have a full knowledge of the amount of investment, startup cost and "ROI" (Roi)