There are many reasons why people go for a career in accounting. It’s a relatively stable and growing job field, has a clear path toward securing a job, you can work in a variety of industries and locations, and there’s a possibility to help businesses or other people.
Unfortunately, some accountants find themselves unfulfilled or worn out in their careers rather quickly. The work becomes stressful and tedious, with tight deadlines and bosses breathing down their necks. They realize that they’re focused solely on one small aspect of running a business and dream of having more control over their job and business.
If you’re feeling burnout in your accounting career, it may be time to consider alternative revenue streams for accountants. If you want to be your own boss, make your own rules, and still find meaning through helping other business owners, a P3 Cost Analyst franchise is the right move for you.
On the surface, an accountant’s job is to record and interpret financial records. But if you sit down with an accountant, they will tell you that their job is much more than just running the numbers. Accountants are responsible for making sure that businesses are following lawful business practices. They also must look at the big picture and help companies make wise financial decisions.
Generally speaking, there are three types of accountants – public, management, and government accountants. They often specialize in a specific department. The title of accountant covers a wide array of jobs.
Here are some examples of how accountants make money:
While there are plenty of great ways to make money as an accountant, all of those methods require either a full-time job or hours of your own time building up a client base or following. But, there’s another way for accountants to make money without starting from zero.
We previously rounded up the best accounting franchise opportunities for sale. But if you’re looking for new revenue streams for accountants that allow you to work from home, make a positive impact on other businesses, and create recurring revenue that still allows you to enjoy a good work-life balance, then you should consider a franchise with P3 Cost Analysts.
Cost reduction consulting is one of the fastest-growing services within the accounting franchise sector. As an accountant, you already possess the critical skills and abilities needed to truly excel in this industry. Plus, by working with an established brand like P3, you can skip so many of the painful growing pains that occur when starting your own business.
P3 offers its franchisees world-class training, incredible support, a tried-and-true process, and all the tools you need to be successful. You will learn from our team of industry and auditing experts who will teach you the steps of our operational and consulting services. A franchise with P3 also comes with ongoing training, marketing assistance, and all the software you need to run your business successfully.
The best part is, with a cost-reduction company, there are no limits to your potential. As a result, our franchisees have seen off-the-charts revenue potential.
The process of purchasing a franchise with P3 works just like other franchises. You, the franchisee, buy the franchise from us, the franchisor. With that purchase, you secure the right to use the business name, models, trademarks, and systems we have established and perfected over the years.
Starting a franchise with P3 Cost Analysts will require an initial investment of $59,500. But even with a low buy-in, you receive incredible benefits and support. The first step is to reach out and speak with one of our franchise experts. They’re available to answer any questions you may have and provide a franchise disclosure document. This document covers specific details of the potential business relationship, including what is required of you and what you will receive in return.
When you decide that owning your own business with P3 is the best decision for you, we can move forward with the process. Next, we’ll work out the final franchise agreement, help you establish your territory, and start your hands-on training. Before you know it, you’ll have an additional revenue stream for accountants!
Some people may think it’s a better financial decision to start their own business rather than buy a franchise. However, buying a franchise offers endless benefits compared to starting from scratch. If you’re looking for new revenue streams for accountants, you don’t want to spend endless hours building something from nothing.
Check out these benefits of buying a franchise to help you make up your mind.
There are many different types of people who would make excellent P3 franchisees, but accountants are definitely at the top of that list! Whether you’re looking to build a business from scratch or build on a business you’re already operating by adding more services for your clients, P3 is perfect for you.
For starters, you already have the financial smarts to truly understand the key components of cost reduction. Some of the services we offer, like Accounts Payable Automation, Vendor Payment Solutions, and Tax Credit Assistance, are likely very similar to your work experience. Plus, because of your understanding of how businesses work, the rest of our services should be easy for you to understand.
On top of that, the business connections that you’ve made over the years make perfect potential clients for your cost reduction firm. If you’re still offering accounting services, you can now provide your clients with even more beneficial services that help their businesses save money. Accountants and P3 franchises are indeed a perfect match.
If you resonate with the benefits of starting a franchise and know that your accounting skills will help you excel as a cost reduction firm owner, what are you waiting for?
Take the first step towards starting a P3 Cost Analysts franchise by contacting us today at 1-877-843-7579 or filling out the form on our franchising page. We will answer any questions or doubts you may have about the process and opportunity.