It’s almost a year since chartered accountant, Jonathan Sturm became a BUSINESS buddy franchisee, looking after growing businesses in and around Pukekohe, Waiuku, Karaka and Drury.
“The main focus of my first year was establishing my client
base,” says Jonathan.
“When I saw an opportunity to run my own
BUSINESS buddy franchise – I could see the potential to really
help other business owners.
“I have worked with several local companies and it is
rewarding seeing their businesses thrive.”
This year has also had its fair share of challenges and
surprises for Jonathan.
“Coming from a corporate background, its been eye-opening to
see how many people have a shoebox
approach to business accounting,” says Jonathan.
“If this is you, you are definitely are not alone.
“Often successful sole traders and small business
owners wait too long before they realise they need help from an accountant,” says
it’s common for small business owners to use credit cards to pay for things.
“If you are using your credit card to pay for bills
it becomes very time-consuming to separate business and personal transactions,
and calculate your GST.
“Many start-ups and small businesses mix up
business and personal bank accounts and in extreme cases don’t even have a
business bank account. This is a recipe for disaster.
“If you don’t have a separate business bank
account, you can’t use cloud-based software such as Xero – a game changer and
huge time saver.
Time is money and when the stakes are high, business
owners must focus on what matters the most, their work.
Jonathan helps clients to maximise profit using
management information rather than just helping with tax compliance.
“Some people think an accountant is just an extra cost,
but the reality is that most accountants will save their business many times
their cost,” says Jonathan
“Having face-to-face contact on a regular basis with
someone you trust with your business matters is invaluable.”
By drawing up a budget and cash flow forecasts,
Jonathan can identify ways to apply big business principles to growing
businesses, helping them achieve their goals.
If you would like to arrange to speak with
Jonathan, please call 0212880669 or email [email protected].