Boost To Economy As Accounting Firms Rush To Secure 10x Divisions

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27th July 2009, 03:09pm - Views: 841





Business Finance 10X Limited 1 image




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 10X’s development division

to their accounting firm, 10X’s

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 10X’s 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. “We’ve had fantastic feedback

from Coaching Club members,” says Mario Chiodo, partner of CP Partners and 10X North in Victoria.

“We’ve 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 10X’s

18-month

operating history, makes 10X Australia’s fastest-growing business performance

franchise.

10X’s rapid growth has exceeded even Nic Clark’s expectations, with all territories in

South Australia either sold or under contract, and some franchisees

even

purchasing multiple

territories. “10X’s 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






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