Franchise Opportunity Rating
Review completed: July 2021
0-49
Below Average
50-69
Average
70-100
Best
$100,000
$250,000
$77,930 - $103,190
2013
103
100 Cummings Center 207P
Beverly, MA 01915
Lynn Stewart
[email protected]
Supporting Strategies offers full-service bookkeeping and operational support (controlling) services.Supporting Strategies conducted their franchise review with US franchisees in June 2020, and collected feedback from 72% of the active franchisees (155).
Highlights include:
The Supporting Strategies franchisees rate the majority of our questions above the benchmark- with technology, communications & the amount the franchisees feel involved in company decisions at the top of where they are really outperforming the benchmarks.
Franchise Business Review has worked with over 1,100 franchise systems. We independently contact all open and active franchisees and invite them to participate in our satisfaction survey. Only the brands that exceed our satisfaction benchmark are displayed on our website. Not all brands share their results publicly, but Supporting Strategies shares their satisfaction scores to show their commitment to franchise relationships, their culture, and transparency.
Actual owner reviews from our third party, independent surveys.
"They really provide you with the tools you need to get things started. They require great sales training and provide you access to an ongoing resource. Their weekly sales calls are great to new franchisees in the business. The overall support is great. Sure, none of the systems are perfect but they are always pushing for improvements and are open for suggestions."
Jason, Two Units
"The talent team provides great support to me whenever I need assistance. I feel blessed to have them in my corner."
Keith, Single Unit Owner
"Our Franchisor is very interested in our success. They listen and have implemented various programs to improve training, communication, and sales."
Elliot, Single Unit Owner
At Supporting Strategies, you will enjoy:
- Low initial investment
- Home-based, virtual business with low overhead
- Revenue & costs closely matched
- Recurring revenue model with high earnings and profit potential
- Included onboarding, talent acquisition and technology support desk services
- Full marketing and sales enablement support, with no ad fees
Supporting Strategies provides everything you need to develop, manage, and grow your team and business. We provide a comprehensive Operations Manual, covering everything you need to know from using our proprietary technology, our value pricing recurring revenue model, building a referral network, providing exceptional customer delight and hiring and retaining qualified staff to name just a few. We’re serious about our commitment to make sure our franchisees are well-equipped to succeed. As innovation is critical to continuing success, we provide ongoing training, knowledge, and network engagement to keep our teams up-to-speed on industry trends, practices and ahead of the curve with what’s new and next via our progressive product and service roadmap.
One of the franchise benefits we’re proudest of is our proprietary workflow management software. We know that to be competitive, you need a sophisticated, current technology toolset that evolves with the needs of your business. WorkPlace™ allows you intuitive one-stop access to everything you need to effectively operate and grow your franchise.
Our Virtual Key and Cloud provides every franchisee and team member with the hardware (technology provisioning), software, and support needed to succeed in their role. A cloud-based management model allows for safe, more efficient, and accurate bookkeeping and the ability to turn system access on/off via a simple support request.
As a new franchisee, it’s important that you feel like part of the Supporting Strategies family. When you sign on with us, you will be assigned a dedicated Onboarding Specialist responsible for helping you establish and launch your business by coordinating your systems training, product and service education, tech set-up, etc. and serve as your ‘go-to’ resource through Year 1. Additionally, you’ll work with our Growth and Network Engagement leaders and teams to develop a sales and marketing strategy and hone your skills. Our Talent Acquisition team supports all facets of your hiring needs. At the one-year mark, you will be assigned to a Franchise Support Network group with 6-8 other franchisees. This is a mutually beneficial symbiotic relationship, where members are encouraged to support and advise each other as you transition from ‘rookie’ franchisees to prosperous business owners.
We've developed a proven, scalable business model with highly automated systems and processes to deliver cost-effective bookkeeping and controller services to clients in your community. Our low overhead and variable cost delivery model enable franchisees to closely match costs to revenues. With robust marketing and sales enablement and no ad fees and full talent acquisition and technology support services, we provide an exceptionally fully featured opportunity with a very low initial investment.
With Supporting Strategies, you won’t just own a bookkeeping franchise, you’ll also own a designated territory and the opportunity to serve businesses in your community. We grant exclusive marketing rights to operate within your protected territory and provide assets and tools customized to your unique territory brand.
It’s all about the leads. Marketing is just one component of our responsibility to our franchisees. A cohesive marketing and sales enablement strategy is a key differentiator for Supporting Strategies. In addition to an overarching plan leading our brand sentiment, promotion, and integrity, we provide personalized territory-specific tactics, approach, and support to ensure you have everything needed to market your business, generate sales, and outshine the competition.
To make the most of your exclusive marketing territory, we encourage you to take full advantage of our suite of perpetually innovating marketing resources. Some examples:
Our model is based upon the franchisee leading and operating the business day-to-day as ‘Managing Director’ and yes – like any other venture it absolutely requires your full-time undivided effort, attention, and ingenuity to grow. As a home-based business, you have the flexibility to manage your work schedule and most franchisees develop a healthy work/life balance over time.
The ability to develop, manage and convert quality relationships into sales is key, so expect to spend lots of time developing opportunities. And, of course, providing consistently exceptional service is always our goal so nurturing and developing your clients and team members is also a critical component of the business.
Expect to work an evening or 2 and plan to attend several business development meetings, networking events, coffee/lunch conversations, etc. (virtual or in-person) 25-30 hours weekly as you market, ramp, and manage your business.
As your business develops, you’ll be hiring staff starting with a Finance Operations Manager (FOM) followed by a Finance Operations Associate (FOA). Talent acquisition is aligned with your individual business growth to ensure you have the seasoned professionals ready and in place when you need them. Once a team is established, daily duties include all aspects of personnel management and development.
The costs range from $77,130 - $103,190. We do not offer financing options.
5-year growth to $1,000,000 in revenue (100 clients)
40% Gross Margin
25%-35% Net Margin
1-2 months
No. You will be managing a team of financial services and bookkeeping experts but are not required to be one.
Ideally, a background as a Corporate Controller, CFO, VP of Finance, CPA, or a CEO who is experienced in running a company or business division is preferred, but there is no ‘perfect’ background. Leaders come from many unique backgrounds and experiences! Our most successful franchisees are ambitious and do have a solid understanding of business finance, experience managing high-performing teams and most importantly – developing relationships that convert to sales.
