profiles
majority of future, new jobs created. “We are holding
an opening for unemployed graduates qualified in
accountancy and they will be given the first option for
practical experience training to enable them to further
their career in accountancy,” said Susan.
“It is an important area as we can employ these
graduates and provide them with the practical training
and experience they will need if they are to apply for
future vacancies in the accountancy job market field.
“We have been reinvesting in new equipment with this
training plan for graduates in mind and it will all happen
in our newer, larger premises at Mid East Industrial
Unit in Prestonpans. Over the next five years we aim to
provide the entire practical and work experience to all
universities in Scotland.”
One of LABS’ approaches is to embed key staff
members within a client’s operations so the internal
processing is carried out on site and in real time.
“This means we can prepare immediately key reports
such as management accounts and board packs as
required on a client-by-client basis,” said Susan.
“We plan to deliver the annual accounts and tax
return within one month of the year end, which is
recognised as a significant improvement on current
industry averages. This provides clarity for the client
when it comes to the performance levels achieved
and for future tax liabilities as well as cash flow
management. By providing these services together
at a lower cost than larger competitors, we provide a
package of support to growing businesses that allows
them to focus on their growth strategy, leaving the
bookkeeping and accountancy requirements to us.”
BUSINESS WOMEN SCOTLAND 29
Susan is enjoying the overall challenges involved
and is looking forward to establishing her business
and building a good reputation – and cutting down on
the coffee. n
Top Tips for Success
4 Shake off the nerves, focus on your
expertise, plan a strategy and then work
hard to be as effective and successful as you
possibly can be.
4 Be straightforward when it comes to the
service and, equally importantly, the level
of service you offer so that potential clients
know exactly what they will get if they
engage you.
4 Nothing beats personal service: individuals
and bigger businesses like it and, as they
entrust me with important work, I reckon
they deserve it.
4 Be open to expert advice from as many
sources as possible. It is truly amazing what
can be learned from others in business – and
so many are more than happy to help.
4 Try to enjoy the ride. When people say
building your own business is fun, it’s true
despite the tough decisions that have to be
made.