The Holistic Accountant
A holistic accountant goes beyond tax returns, aiming to offer proactive advice to maximise clients' wealth after all taxes. Stuart Wemyss and Mena Abraham explore multifaceted considerations weekly, highlighting the need for a holistic approach. Each episode is succinct and to the point with no fluff or sales pitches. For further details, check out www.prosolution.com.au.
The Holistic Accountant
All you need to know about purchasing a franchise
In this episode, Mena and Stuart take a close look at the pros and cons of purchasing a franchise and whether it’s truly the right path for aspiring business owners. They break down why buying into an established brand can fast-track revenue, provide a proven business model, and offer ongoing support in areas like training, marketing, and supply chain management. Stuart explains how franchises can simplify access to finance and deliver real advantages through economies of scale.
But it's not all upside. Mena unpacks the hidden costs, such as hefty upfront fees, ongoing royalties, and strict contractual obligations, that can catch new franchisees off guard. Together, they discuss the trade-off between brand leverage and personal freedom, and why limited autonomy can be a deal-breaker for entrepreneurs who value creative control. They also explore the risks tied to brand reputation, franchisor performance, and resale restrictions that may limit your future flexibility.
Through real-world examples and expert insight, Mena and Stuart help listeners assess when franchising makes sense and when it’s better to walk away. Whether you’re eyeing your first venture or looking to expand, this episode offers a grounded, practical lens on what franchising involves.
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Work with Mena & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website.
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IMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.
