FOR IMMEDIATE RELEASE
Economy on upswing as 10X experiences big rush in business service
franchise sales to Accounting firms
Accounting firms across Australia are leading the charge in the economic recovery, with several firms
committing to purchase 14 territories from business development services franchisor, 10X Limited.
However, 10X
CEO Nic Clark
is more excited about what this means for the wider business
community, and says that
in adding 10Xs development division
to their accounting firm, 10Xs
newest franchisees have the potential to significantly boost the growth of their local economy.
These accountants
have always been
passionate about helping their struggling small business
clients, and simply needed the right resources and a proven framework for achieving that, says Nic.
In partnering with 10X, there will be
fourteen more accounting firms in Australia equipped to
provide greater support to the business community, and help business owners improve all aspects of
their business.
Nic Clark has come across many accounting firms
interested in offering more than tax and
compliance work, but lacking the resources to allow them to effectively do so. A lot of accounting
firms seek ways to provide value to their clients businesses while also increasing the value of their
own firm, says Nic Clark.
However, many firms
that have
tried
business development in the past
without
the appropriate
framework, systems
and
processes
have found that these efforts lacked
direction,
identified no efficient
method of charging,
were difficult to
measure in terms of
effectiveness and were, on the whole, unsuccessful.
The 10X Business Development divisions concept was created as a solution for both accountants and
business owners. According to 10Xs existing franchisees, the 10X model has worked for their firms
because it offers a systemised approach, specialising in its Coaching Club structure, which provides
small business clients with highly developed material and support. Weve had fantastic feedback
from Coaching Club members, says Mario Chiodo, partner of CP Partners and 10X North in Victoria.
Weve been able to assist our 10X Clients by instilling changes in personal attitude, helping them to
make better decisions, giving them a better understanding of the impact of an action and
understanding the importance of numbers.
Out of its 145 franchise territories in Australia, only 97 now remain a number that, given 10Xs
18-month
operating history, makes 10X Australias fastest-growing business performance
franchise.
10Xs rapid growth has exceeded even Nic Clarks expectations, with all territories in
South Australia either sold or under contract, and some franchisees
even
purchasing multiple
territories. 10Xs success speaks volumes about the need for this information and structure, says
Nic. Business owners are increasingly seeking more from their accountants, and accounting firms
that are proactive in providing additional support to their clients will be miles ahead of the rest of
the market.
10X is holding a special event for accounting firms interested in finding out more about the 10X
Business Development model. This complimentary event, titled The 10X Opportunity Gaining the
Unfair Advantage and Increased Profits, will be held for accounting firms with two or more partners
and at least eight staff on the 19th of August in Sydney, the 25th of August in Melbourne, and the 26th
of August in Brisbane. Entry to the event is limited, to book your place, please visit:
Please direct all media enquiries to Kris Mills at kris.mills@10x.com.au or phone her on 0422 139 339