The TaxAssist Accountants franchise model is based on very simple principles. By servicing the needs of small businesses, subcontractors and the self-employed, our franchisees can focus on a set of clients that have traditionally been neglected. Keeping to the smaller client can offer time-management advantages to the franchisee and through our training and judicious use of our support functions, the franchisees can also provide first class service to their client base.
Our aim is to strengthen our network with franchisees that follow our business development strategies in order to build a sizeable accountancy practice. These strategies are based on best practice and powerful marketing techniques that can accelerate the growth of each franchisee's business. Initially, franchisees are likely to spend at least 50% of their time on business development activities, with the view to spending 100% of their time attracting new clients, managing customer relationships and leading a team of staff members - the goal is to work on the business rather than in it.
Whilst working in practice in 1995, John Westgarth FCA saw an opening in the market place, when he figured out that small businesses would need help with their accounts in the wake of self-assessment. He anticipated that the demand for such a service would be ideal for a franchise network, and TaxAssist Accountants was formed. Following a period as a partner in a national firm of Chartered Accountants, John went on to build up and sell on a number of accountancy practices over a 20-year period. He made use of his experience and knowledge of how to build up a successful accountancy practice specialising in looking after small businesses, having himself built up a client base of 500 with a turnover of £300k, to develop the TaxAssist Accountants business model and support infrastructure.
TaxAssist Accountants was founded in 1995 by a group of dedicated professionals and based on a concept that was, and still is, fundamentally simple: to bring first-class professional services to the small business owner. Our aim is to continue to expand in a controlled manner to become a UK-wide (and also now International) network of people all working hard to succeed in both financial and personal terms.
Through franchising we knew we could maximise growth potential to the mutual advantage of both TaxAssist Accountants and our franchisees. Franchising helps to minimise the risks and pitfalls usually associated with business start-ups, by providing specific guidance for franchisees newly into business.
Since recruiting our first franchisee in 1996 our philosophy has naturally evolved with a large percentage of our network operating from shop-style premises. Our strategy is to continue to recruit new franchisees who share in our vision, and to facilitate the move of remaining franchisees into similar shop-style premises.
Our intention, through the growth of our brand across the country, is to further establish ourselves as the "natural choice" for small businesses.
Leave a Comment