Franchising meant I could start-up at uni

Company profile: Accounts Assist provides bookkeeping/accountancy services for small and medium sized businesses at a very competitive price. Accounts Assist helps you take control of your bookkeeping and ensure you are never again late for VAT, Tax Returns or Annual Accounts. Fixed rate packages are available so that you know what you are going to pay and don't have to face any nasty surprises.
Your position in the company: Managing Director
Founded: December 2009
The business challenge case study - body text
Case study title: Starting a franchise when I was still at university
Overview:  Before going to university, I knew I wanted to be my own boss.  I went to university to have something to fall back on if running my own business didn't work out. While studying Accounting & Financial Management at Sheffield, I wanted to have my business in the finance industry.  That's when a few friends suggested looking into franchises to get all the training and support needed.
The challenge: I started looking into buying a franchise and what options were available for me and realised I need money to buy the franchise. This was a major problem for any university student, with the high debts every student has.
The solution: I stopped going out and started saving up. By the time I finished university I still didn't have enough money to buy into a franchise and therefore continued working for a while to save up.  Then I saw a new franchise called Accounts Assist, and took interest in it straight away.  My parents supported my ambition by matching whatever funds I had to be able to buy into the franchise.
Key lesson: I realise now that I should have started saving up a long time ago.  However, now that I have finally started the business, I am realising the difficulty of being in business and managing everything by myself.  My attitude has helped me secure clients in a short space of time and all the people I meet love what I am doing at such a young age.  I know it's going to take time to build the business properly and I have the patience and the motivation to make this a success.
Top tip: If you're reading this and you don't have any experience running your own business, franchising is a great way to go.  They will give you all the training and support you need to help you get off the ground.Your name:  Rohit Shukla
Your company: Accounts Assist Leicester Ltd
Company profile: Accounts Assist provides bookkeeping/accountancy services for small and medium sized businesses at a very competitive price. Accounts Assist helps you take control of your bookkeeping and ensure you are never again late for VAT, Tax Returns or Annual Accounts. Fixed rate packages are available so that you know what you are going to pay and don't have to face any nasty surprises.
Your position in the company: Managing Director
Founded: December 2009
The business challenge case study - body text
Case study title: Starting a franchise when I was still at university
Overview:  Before going to university, I knew I wanted to be my own boss.  I went to university to have something to fall back on if running my own business didn't work out. While studying Accounting & Financial Management at Sheffield, I wanted to have my business in the finance industry.  That's when a few friends suggested looking into franchises to get all the training and support needed.
The challenge: I started looking into buying a franchise and what options were available for me and realised I need money to buy the franchise. This was a major problem for any university student, with the high debts every student has.
The solution: I stopped going out and started saving up. By the time I finished university I still didn't have enough money to buy into a franchise and therefore continued working for a while to save up.  Then I saw a new franchise called Accounts Assist, and took interest in it straight away.  My parents supported my ambition by matching whatever funds I had to be able to buy into the franchise.
Key lesson: I realise now that I should have started saving up a long time ago.  However, now that I have finally started the business, I am realising the difficulty of being in business and managing everything by myself.  My attitude has helped me secure clients in a short space of time and all the people I meet love what I am doing at such a young age.  I know it's going to take time to build the business properly and I have the patience and the motivation to make this a success.
Top tip: If you're reading this and you don't have any experience running your own business, franchising is a great way to go.  They will give you all the training and support you need to help you get off the ground.

 

Overview

Before going to university, I knew I wanted to be my own boss.  I went to university to have something to fall back on if running my own business didn't work out. While studying Accounting & Financial Management at Sheffield, I wanted to have my business in the finance industry.  That's when a few friends suggested looking into franchises to get all the training and support needed.

The challenge

I started looking into buying a franchise and what options were available for me and realised I need money to buy the franchise. This was a major problem for any university student, with the high debts every student has.
The solution: I stopped going out and started saving up. By the time I finished university I still didn't have enough money to buy into a franchise and therefore continued working for a while to save up.  Then I saw a new franchise called Accounts Assist, and took interest in it straight away.  My parents supported my ambition by matching whatever funds I had to be able to buy into the franchise.

Key lesson

I realise now that I should have started saving up a long time ago.  However, now that I have finally started the business, I am realising the difficulty of being in business and managing everything by myself.  My attitude has helped me secure clients in a short space of time and all the people I meet love what I am doing at such a young age.  I know it's going to take time to build the business properly and I have the patience and the motivation to make this a success.

Top tip

If you're reading this and you don't have any experience running your own business, franchising is a great way to go.  They will give you all the training and support you need to help you get off the ground.

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