Posts by PConley
Preparing Your Business for Sale in 2024: Five Key Steps
As we approach the end of 2023, many business owners are considering selling their businesses in the new year. Whether you own a quick service restaurant, a retail shop, a franchise or a home service business, preparing to sell your business can be a complex process. Poor planing and preparations could easily leave you with…
Read MoreTop 2 Bottom Presents at Shuckin’ Shack Annual Franchisee Conference
Earlier this week our Top 2 Bottom team was invited to present to at the Shuckin’ Shack Oyster Bar’s annual conference, called “Shackin’ Up 2023”. It had been two years since we attending their last franchisee conference event in Myrtle Beach, and it’s truly impressive to see how this restaurant franchise opportunity has grown. A…
Read MoreFranchisor Support Video Series: Onboarding New Franchisors
This is the first in a series of informational videos that our Top 2 Bottom CEO, Christopher Mallery, will be recording to help franchisors develop sound financial reporting systems for their franchise. These monthly videos will share insights about providing accounting support services for franchisees and overcoming many challenges. Christopher will also share his personal…
Read MoreFranchise Friday Podcast Interviews Christopher Mallery
Top 2 Bottom: The Preferred Accounting Partner For The Franchise Industry Over the past 12 to 24 months, Top 2 Bottom Business Solutions has quickly become one of the “top” accounting firms within the franchise industry. What started as providing basic bookkeeping and payroll support for many franchisees, has quickly evolved into consulting with franchise…
Read MoreThe Franchise Industry Beyond Restaurants
If we took a street survey, and asked random adults to name a franchise off the top of their heads, odds are great that 90% will throw our a nationally known restaurants. The top of list is likely to be populated with Quick Service Restaurants (QSRs) like McDonald’s, Subway, Pizza Hut, Dunkin’, Starbucks, Taco Bell…
Read MoreRevisiting Franchisor Life Cycles for 2023
What Do We Call You? Last month we held a couple of discovery sessions with a quick service restaurant (QSR) based in California. Legally, they were a franchisor because they had a new franchise disclosure document (FDD) approved by the federal trade commission and the State of California. They also owned several of their own…
Read MorePayroll For Small Businesses: What You Need To Know About Getting Started
Payroll for small businesses can be an unsettling task that leads you to the crossroad of either learning how to do it yourself or outsourcing it to an expert. Payroll is the act of processing payments for employees through wages, bonuses, salaries, taxes, deductions, allowances, calculating net pay, and other processes. These are a few…
Read MoreBenchmarks, Dashboards & KPIs (Oh My!)
It all started with a combination of fax machines and Microsoft Excel back in the 90’s. Our small franchise brand of about 30 retail units began tracking our Key Performance Indicators (KPIs) very simply. We just wanted these four basic data points from each retail store: Traffic: How many people came through the door today?…
Read MoreAccounting Solutions In Wilmington NC and Surrounding Areas: What You Need To Know
Accounting can seem daunting and tedious if you are trying to incorporate it. It’s why there are accounting solutions for businesses like yours that provide an easy way to calculate all your financial needs, especially if you’re operating in North Carolina. Accounting solutions can elevate your business growth that includes finding a professional accountant, use…
Read MoreThe Best Gift A Franchisor Can Give Every New Franchisee
All Franchisees Are Not Created Equal! Having met dozens of active and prospective franchisees over the years, we’ve noticed at least two different types of mindsets. Many franchisees are of the owner-operator mindset; they think of themselves as the driver of a bus that is their franchise business. They hire and personally train the people…
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