The job's not finished until the paperwork's done--just ask any beleaguered business owner who toils away at the huge number of reports, returns, addenda and whatever else regulatory authorities have decided is required.
I spend at least 15 percent of my productive hours dealing with accounting, payroll, taxes, benefits, insurance, billing and check writing. I've often considered outsourcing these functions so I could spend my time earning a living.
Meeting this need is the specific intention of Century Small Business Solutions, the No. 1 accounting and tax services franchise in Entrepreneur's 1999 Franchise 500®. This franchisor is part of a much larger organization, Century Business Services Inc., that has merged, mutated and coalesced to now include more than 160 different companies, which, combined, offer a market basket of business services.
The most noteable additions were three separate franchise systems--namely Comprehensive Accounting Corp., General Business Services Inc. and Edwin K. Williams and Co. These acquisitions, finalized last summer, put more than 700 additional franchisees under the Century Business Services umbrella. Although existing franchisees from the acquired systems retain their names, all new franchises will be called Century Small Business Solutions.
The addition of these resources allows franchisees to utilize the best components of each former franchise system, making it possible for them to provide complicated services to customers that would have otherwise been turned away.
Todd Maddocks is a franchise attorney and small-business consultant. You canreach him at TMaddocks@aol.com