Why You Should Start a Tax School
Are you a tax prep expert that is looking to get the best staff possible? Are you looking to grow your business and expand into other locations? You may consider starting your own tax school.
You can open a tax school in your own office and Latino Tax Pro can give you the tools that will make it happen. Then you can recruit students and teach them so they will be the perfect fit for your agency, and you can make money while you’re at it.
Here are some reasons why starting a tax school is beneficial to tax prep experts.
Train Your Employees Your Way
Hiring employees with previous experience at another firm means they have knowhow in the industry. But you will need to retrain them to ensure they are familiar with the way things are done at your office.
If you train employees from the ground up, they will know exactly what’s expected of them when they work for you. What’s more, these skills will be ingrained so they come naturally once they start working making them the perfect fit for your company.
Earn Extra Income
The people that go to your school will be paying you for your educational services. It’s a terrific way to earn extra income that can really come in handy during off-tax season.
Depending on your location, you can charge students between $200 and $800 per class. Look at other tax classes offered in your area to find fair market rates to charge.
If you don’t have time to teach, you can also refer students to complete a self-study course. They will get a well-rounded education that will prepare them to take on whatever your busy office throws their way. The best part is as an instructor, you receive courses at a wholesale price. After you purchase at wholesale, you are able to resell the course set at your own value to earn extra income from.
Grow Your Office
If you hire employees directly from your school, you will have a bigger workforce that can help you take on more clients and bring in more income.
Open Multiple Locations
Once your business grows, you will be able to open multiple locations, and your schools will give you the manpower to staff them. You can also open schools in new locations to maintain your growth trajectory.
It’s Like a 30 Hour Interview for New Hires
Companies spend a lot of time and money hiring new talent. Their resources become devoted to placing ads, interviewing and onboarding, all of which takes them away from other tasks and interferes with productivity. And if the new hire doesn’t work out, they must start the process all over again.
A tax school is like a 30-hour interview and onboarding all at once (being that the average school length is 30 hours). During the educational process, you will learn a lot about your students so there will be no need for an interview. They will come into your company well trained eliminating the onboarding process.
And because they are already comfortable with your business and culture, there is a lower risk of them deciding the position isn’t right for them.
A tax school provides you with a means to grow your business with well trained employees that are familiar with your practice. If you think this is the right move for you, do not hesitate to reach out to Latino Tax Pros. We will give you the tools you need to get started and set you off on the right path when it comes to boosting your bottom line. Want more information? Click here to learn more.