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Below is an in-depth analysis and side-by-side comparison of CFO Today vs True Bottom Line including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $24,400 - $40,000 | $25,700 - $39,000 |
Franchise Fee | $24,000 | $19,500 |
Royalty Fee | Varies | - |
Advertising Fee | - | - |
Year Founded | 1989 | - |
Year Franchised | 1990 | - |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | $4.8K | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Franchise can be run from home. 20% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | Yes | - |
John Harrison felt that many small businesses were failing because they couldn't afford accountants, so he began providing 'professional services at bookkeeper's rates.' In 1989, Harrison established Accountant's Choice, which has since changed its name to CFO Today.
Franchising started in 1990, and there are now locations across the United States offering accounting services to local small businesses.
The TBL Group is a unique bookkeeping/accounting franchise that takes "numbers-crunching" to the executive level by offering an expanded array of assistance and guidance to small business. Why walk away from a client leaving valuable services and dollars on the table? Business owners today need proactive, "go-to" partnerships. The TBL Group system has proven to be that "go-to partner!" Executive-level accounting starts with a highly detailed audit of both manual and automated systems and procedures that impact the financial health of a company. The TBL franchisee looks beyond the numbers and finds the holes in any operation. This vital analysis leads to greater client confidence; expanded services rendered; and increased profits for the client and the TBL franchisee. Accountants often hit roadblocks and challenges that affect their performance and value to their client. The TBL Group corporate support team has experienced it all, and is just a phone call or email away from helping the TBL franchisee solve the puzzle. TBL Group franchisees are trained to be proactive, innovative thinkers. The TBL system delivers timely and accurate trend analysis reports to facilitate critical business forecasting. The TBL management information system enables clients to always have their fingers on the pulse of their company's financial health, allowing them to stay the course toward targeted goals and prosperity. Managing risk is especially vital to small businesses. The TBL system excels in facilitating this focus. Many bookkeepers/accountants do not effectively analyze and help manage their client's balance sheet. This is critical, and, here again, the TBL system delivers at the executive level. There are a myriad of accounting forms floating around. The TBL system has refined the use of forms to a level that streamlines the accounting process for efficiency and results. The TBL Group franchisee is trained to advise clients on leading accounting software. The TBL Group franchisee is trained to assemble a quality team of service professionals, including attorneys, tax experts, banking professionals, IT support, etc. Each franchisee will be part of the dealer network for Actiontrak products.