Franchise news

17.01.2010

Case study: Auditel franchisee, Mike Jackson

Auditel, one of the UK's leading Cost and Purchase Management Consultancy Franchises, has been the career change choice for PricewaterhouseCoopers Chartered Accountant, Mike Jackson.

In April 2009, Edinburgh-based Mike Jackson launched a new career, joining Auditel, the cost and purchase management franchise. Mike’s background is accountancy and taxation. He trained and qualified as a Chartered Accountant with Coopers & Lybrand in Edinburgh. Post-qualification, he moved to Sydney for six years with PricewaterhouseCoopers.

He relates: “I wanted the ability to work for myself, but with the security of a proven business model and a network of like-minded colleagues. I chose franchising as the best option.”

Mike was considering a cost consultancy type of business opportunity. The skills, which he had acquired, help to adopt a professional approach to project management and accurately interpreting financial information, so Auditel was a good match. Mike says that Auditel were very easy and transparent to deal with and were proactive in answering all the questions he put to them. There was no hard sell and he was able to speak with a number of franchisees.

Mike is now eight months into his franchise business and has found the training courses far exceeded his expectations. Since joining, he has spent around thirty days on training and also attended quarterly regional and local meetings.

Mike found the first six months slow in acquiring clients as he had been away from Edinburgh for some time. Now that he has projects under his belt, he is finding work through referrals. He finds it rewarding to be approached through word of mouth rather than having to make sales pitches to prospects! Mike gains tremendous satisfaction from being able to manage clients’ costs effectively, providing them with peace of mind and the ability for their employees to have more time to concentrate on core business activities.

Being self-employed is very much a lifestyle choice. Mike's immediate plan is to build a sufficient client base to be able to adequately service their requirements himself, with the aim of building long-term relationships. In the longer term, and once both his children are at school, his wife may be interested in assisting with the business.”

Mike's advice to someone thinking of buying their first franchise: “Ensure you have enough financial support to be able to fund the first 12 to 18 months of the franchise – not just the initial franchise cost. Speak to as many franchisees as possible – not just the ones the franchisor recommends!” (kbp)


auditel (UK)

cost and purchase management
» to the franchisor


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