A recent assessment undertaken by Oxford Economics sought to investigate the value of the franchise business model to workers, entrepreneurs and local communities. In the study, more than 4000 independent franchise owners were contacted to provide a detailed picture of franchising in America.
Three key findings of the ‘Value of Franchising’ report are that franchise businesses:
- Are diverse in industry and ownership and committed to their local communities
- Provide better pay and benefits than non-franchised businesses
- Offer entrepreneurial opportunities that would not otherwise be available, especially to women, people of color and veterans
For David Paulson, Senior Vice President, Franchise Development, at TaxAssist Accountants, the report highlights the fundamental benefits of franchising. He said: “This report makes for fantastic reading on the strength and depth of franchising. It is such a powerful mechanism for providing opportunity to all – and has a key role to play in the economy, particularly as we head into the recovery period post covid.
“Perhaps most interesting for me, was the stat that almost one third of survey respondents said that they would not own a business without franchising. The brand, backup, training and support provided by a franchisor is key, and it is the extra confidence and expertise provided to franchisees which enables people to make the step into self-employment and to run a successful business.”
An Executive Summary and full Report on ‘The Value of Franchising’ is available to download on the International Franchise Association website here.
If you are interested in finding out more about the TaxAssist Accountants Single Unit and Area Representative franchise opportunities available in the US, book onto a 45-minute Virtual Discovery Session, where you can find out more about our business model and the technical and business development support on offer. Click here for more information.
September 2021
With a detailed plan for the growth and evolution of the TaxAssist brand, plus the addition of new products and services, these are exciting times for the TaxAssist network.
Franchisee Case Studies
Olivia Palios
Paul Simpson
Raza Syed
Roy Finucane
Martin Nicholas
Cameron Allan and Steven Mearns
Accreditations & ethics
The Group abides by the ethics of the British Franchise Association (bfa) and works closely with all relevant accountancy and tax professional bodies and institutions. TaxAssist Accountants is also a member of the Irish Franchise Association and the Franchise Council of Australia (FCA).
