According to the most recent bfa NatWest Franchise Survey, more and more under 30s are getting involved in franchising with 18% of all franchisees reported to be under 30, rising from 3% in 2015.
An interesting statistic from the last two years sees the growing popularity of franchising for young women, with 52% of all new franchisees, under 30, being female.
We have a number of case studies from franchisees who joined TaxAssist Accountants under the age of 30 and have gone on to successfully establish their own practice.
While you need to be aware of the costs and commitment involved in setting up your own franchise, with confidence, enthusiasm, drive and the right skill set, establishing your own practice under the age of 30 need not just be a dream.
We hold regular discovery days in Norwich, where you can discuss the next steps to building your own practice. Contact the recruitment team on 0800 0188 297 today to request attendance.
Kavan progressed from Senior Practice Manager to Franchisee in Halifax in 2010, when he purchased the practice from his former employer following retirement. He was 28 at the time.
“I would encourage anyone to consider a franchise. I am fortunate that I’ve found the perfect fit for me. Look around, do your research, there are so many different franchises to appeal to all sorts of people. Consider your experience, and what interests you. The banks were happy to lend to me based on my business plan and now at 39, I am my own boss with a business I can take a good income from and which is also a great financial asset for my future.”
Read Kavan’s case study here.
Olivia became the youngest female TaxAssist Accountants franchisee to join the network when she joined in January 2015 at the age of 22. She now has a team of 7 staff and operates from four shops in Burslem, Crewe, Sandbach and Stoke-on-Trent looking after over 1000 clients.
Read Olivia’s case study here.
Since joining TaxAssist Accountants as a member of staff for former franchisee Phil Marriott, Carl Whitehead has seen his career blossom, having worked his way up from accounts manager to practice manager before becoming a shareholder, director and franchisee.
Read Carl’s case study here.
Hannah joined TaxAssist Accountants as an ‘Assistant Practice Manager’ when she was 24 and has now progressed to franchisee through a share buyout. She operates shops in Musselburgh, Leith, Dalkeith and Fairmilehead in Scotland.
“For me, being part of a franchise network is the best of both worlds. We are a small business so can relate and empathise with our customers, I get to make my own decisions about the business and yet we are part of this massive network made up of the very supportive franchisor, directors and staff, as well as all of the other franchisees.”
Read Hannah’s case study here.
Prior to joining TaxAssist Accountants, Alex who is an FCA Chartered Accountant, operated as an accountant in industry and also an auditor in practice. He made the decision to move from Guildford in Surrey to Devon, seeking a more rewarding career which, at the same time, would provide greater flexibility in looking after the planned family.
Fourteen years and two children later he hasn’t looked back!
Read Alex’s case study here.