BWS issue 36 November December 2015 - Page 31

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.