Dave Forrester joined TaxAssist Accountants in 2009 and operates from three shops in Keighley, Ilkley and Bingley in one franchise territory. He has a team of 9 staff and looks after over 780 clients.
Dave is a Chartered Management Accountant and was working for a large American bank in controllership roles and financial systems roles before joining TaxAssist.
"I was at the stage of my career where I was looking after a large team of people, I was a bit fed up of the job and wanted a change in direction. I came to TaxAssist through a franchise resale. I’d seen an office in a neighbouring village, and I looked at it as an opportunity to buy an existing accountancy practice that was trading under the franchise model."
Dave, tells us the main highlight of being a TaxAssist franchisee.
"Building my own business at the same time that I’ve had quite a young family. I’ve been able to balance up those two aspects of my life in terms of my work and my home life. Being your own boss is a massive benefit of being a franchisee. Ultimately, you’re responsible for staff and for growing your business, but the rewards of course are yours if you are successful."
Dave has grown his business very consistently over the years with year on year growth for 10 years. Asked whether he would do anything differently.
"If I look at the way my business growth has gone, I could have invested more money in marketing, more money earlier on in staff, and perhaps invested that money in shop fronts earlier as well, but whether I’d do anything differently is another matter as I’m very happy with the way things have gone with good, steady growth year on year."
In the short term, Dave is ambitious for further growth, and is planning to work hard on building up his client base from his recently opened third shop over the next three years. Looking further forward, Dave acknowledges that staff development is key to enable him to take more of a back seat and let the business run itself.
"We are very much looking to develop our staff, so that myself and other key members of the team can be replaced with people coming through the organisation. Ultimately, we will look to sell the practice, and hopefully make a reasonable sum from the sale."
What advice would Dave give to anyone considering becoming a TaxAssist franchisee?
"If you’re thinking of buying a franchise, it’s a big commitment, but the reward are there if you do make a success of it. The way our model works, it will take time for your business to develop and build, but if you follow the roadmap that TaxAssist lays out for you, you’ve got a very very good chance of being very successful."
In his time with TaxAssist Accountants Andrew Morton has built up a sizeable practice of over 500 clients which he runs from four offices across his territory in Shropshire.
Nadeem Iqbal is the TaxAssist Accountants franchisee in Walthamstow, London.
Lloyd Evans is the TaxAssist Accountants franchisee in Kingswinford, Halesowen and Wolverhampton, West Midlands.
“I now have over 400 clients, which generate an income and flexibility in how I work that could not have been achieved on the corporate ladder I stepped off. Further, I know that the practice will be a valuable asset for my future when the time is right. The shops, my marketing, and the initiatives of the TaxAssist Team, have proved invaluable in helping me to build a substantial practice.”Alex Smith - Franchisee in Peverell & Plymouth
"It had always been my dream to start my own business. I had tried many things to start a business and very soon realised that I couldn’t do it alone. I needed a team to help me along, with a well-proven and successful idea, a marketing plan and so on - the list was exhaustive and time was short. Then I came across TaxAssist Accountants – a solution for all of my concerns."Nadeem Iqbal - Franchisee in Palmers Green & Walthamstow
"I chose a franchise because I lacked practice experience and had no knowledge of sales or marketing myself or a business. I wanted the support that I would get from a network of accountants, a working model and best practice guidance. TaxAssist Accountants was by far the best franchise that I looked into. "Cheryl Hopkins - Franchisee in Tamworth & Nuneaton
Running your own practice enables you to take a good income and simultaneously build an asset for your future
One of only four franchises to receive 5 star franchisee satisfaction for 5 years running
The UK's leading tax and accountancy franchise