Welcome to PPC Accounting
"Join the PPC Accounting Family - Your Path to Success in the Accounting Industry."
What is franchising for bookkeeping companies?
Franchising for a bookkeeping business involves a franchisor (the company providing the franchise opportunity) and franchisees (individuals or entities that buy into the business to open their own operation under the franchisor's brand, PPC Accounting in this case)
Franchising in the bookkeeping business allows individuals to start their own business with the backing of an established brand and proven business model, reducing the risks associated with starting a new business from scratch.
How does franchising work?
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Franchise Agreement: The franchisor and franchisee enter into a franchise agreement, which outlines the rights and responsibilities of both parties.
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Training and Support: The franchisor provides the franchisee with comprehensive training in bookkeeping practices, business operations, and the specific software or systems used by the franchise.
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Ongoing Support: In addition to initial training, the franchisor offers ongoing support in various areas such as marketing, technology, and business development.
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Brand and Marketing: The franchisee benefits from the franchisor's established brand and marketing efforts, which can help attract clients more easily than starting a business from scratch.
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Operating System: The franchisee operates according to the franchisor's established business model and practices, ensuring consistency and quality across all franchise locations.
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Technology and Software: The franchisor provides access to necessary technology and bookkeeping software, often at a lower cost due to bulk purchasing or exclusive deals.
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Royalties: The franchisee pays ongoing royalties to the franchisor, typically a percentage of the franchise's revenue, in exchange for ongoing support and the right to continue operating under the brand.
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Territory: The franchise agreement may grant the franchisee an exclusive territory in which to operate, protecting them from competition from other franchisees within the same brand.
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Compliance: The franchisee must comply with the franchisor's standards and guidelines to maintain the integrity of the brand and the quality of services provided.
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Community and Networking: Franchisees become part of a larger community of business owners within the franchise network, providing opportunities for networking, support, and shared learning.
Benefits of being a PPC Franchisee
• Access to a Proven Business Model
Reduced Risk: Franchisees benefit from operating under a business model that has been proven successful across multiple locations, reducing the risks associated with starting a new business from scratch.
Streamlined Operations: The franchisor provides established systems and processes for day-to-day operations, helping franchisees run their business more efficiently.
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• Comprehensive Training and Support
Initial Training: Franchisees receive extensive training in all aspects of running the business, from bookkeeping practices to client management, ensuring they are well-equipped to start.
Ongoing Support: PPC Accounting provides continuous support, including operational guidance, technology updates, and professional development opportunities, to ensure franchisees stay competitive.
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• Marketing and Advertising Support
Marketing Strategies: Franchisees benefit from established marketing strategies and national advertising campaigns, which can be more effective and less costly than developing and executing marketing plans independently.
Local Marketing Assistance: Franchisors often provide templates, materials, and guidance for local marketing efforts, helping franchisees attract and retain local clients.
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• Technology and Infrastructure
Access to Technology: Franchisees get access to state-of-the-art bookkeeping and business management software, which might be cost-prohibitive for an independent business owner.
Infrastructure Setup: Guidance on setting up the office or business infrastructure according to tested layouts and designs that enhance operational efficiency and customer experience.
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• Network of Peers
Community: Being part of a franchise network provides a community of peers running similar businesses, offering opportunities for advice, support, and networking.
Shared Learning: Franchisees can learn from the successes and challenges of their peers, gaining insights that can help them avoid common pitfalls and implement best practices more effectively.
How the process starts?
1. Assessing the Franchise Agreement
Franchisee Receives Franchise Agreement: The franchisee reviews the FA, which provides detailed information about the proposed partnership with PPC Accounting, including the business model, and legal obligations.
Legal and Financial Consultation: The franchisee consults with legal and financial advisors to understand the franchise agreement's terms, obligations, and implications thoroughly.
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2. Approval Process
Submission of Application: The franchisee submits a detailed application, including a business plan, to PPC Accounting for review.
Interviews and Evaluation: PPC Accounting conducts interviews and evaluates the franchisee's business acumen, financial stability, and compatibility with the brand's values.
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3. Due Diligence and FA signing
Franchisor Conducts Due Diligence: The franchisor performs due diligence on the franchisee qualifications and competency to operate a PPC bookkeeping office.
FA signing: Once all of the above is concluded then the franchise agreement is signed by both parties.
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4. Training and Development
Initial Training Program: Once approved, the franchisee undergoes PPC Accounting's training program, covering bookkeeping practices, software use, customer service, and business management.
Setup: With PPC Accounting's guidance, the franchisee sets up the business infrastructure according to the franchisor's standards.
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5. Ongoing Operations
Operational Support: PPC Accounting offers ongoing operational support, including advanced training, technology updates, and business advice.
Compliance and Quality Control: The franchisee adheres to PPC Accounting's operational standards and practices to maintain service quality and brand integrity.
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6. Regular Review and Growth Opportunities
Performance Review Meetings: PPC Accounting and the franchisee hold regular meetings to review business performance, discuss challenges, and identify growth opportunities.
Expansion Consideration: Based on performance and market opportunities, the franchisee may consider expanding their business through additional territories or locations, with PPC Accounting's approval and support.