NetNews Usenet Archive 1992 #27/NN_1992_27.iso/spool/misc/taxes/3619

Text File | 1992-11-22 | 1.6 KB | 43 lines

Newsgroups: misc.taxes
Subject: Re: acct. business
Path: sparky!uunet!sci34hub!cdthq!gary
From: [e-mail] (Gary Heston)
Message-ID: <[e-mail]>
References: <[e-mail]>
Date: Sat, 21 Nov 92 18:27:29 CST
Organization: Garys' Home for Obsolete Computers
Lines: 32

[e-mail] writes:

> Greetings
>
>
>      I have just discovered this media, Fedtax-l, and really
> enjoy reading the question and answer format.  Hopefully, one of
> you can answer a question for me.
>      Soon, I will graduate college with a Bachelors Degree in
> Business Management.  After taking and enjoying a fair share of
> the accounting and finance courses, I was thinking of purchasing
> a small business accounting and tax franchise..  The business
> itself is unestablished and I would purchase the franchise
> directly from the company.
>
> My question is: Should I do this?

Have you talked to any of the other franchise owners? What do they
have to say about the franchising company? How close to groupings
of customers would your office be (i.e., is there a cluster of
businesses that you'd be sited close to)? Have you done a market
study of any kind to ensure that you'd have enough business to
be successful? Do you have the funds to last two years or so to get
your business established?

Without knowing the name of the company, it's hard to pass judgement
on it. You might want to consider working at one of the franchises
in Syracuse for a year or two to make sure you want to be in this
business, and to get a good feel for how an office must be run.

Gary Heston, at home....
[e-mail]