Mark Lee talks to accounting consultant Jason Dormer about the key areas where small firms of accountants and bookkeepers consistently fail.
Having founded his own award winning accountancy firm in 2005 - starting as a sole practitioner working from home, and growing it to a company of six trading from its own purchased premises – Jason Dormer knows a thing or two about making it in practice. His latest project, Seahorse (UK) Ltd, is an advisory service aimed at helping start ups and existing small firms of accountants and bookkeepers through the difficult first stages of establishing themselves, right through to growing and developing their client base.
“Being a good accountant or bookkeeper isn’t enough to make you a good business person”, he says. In the early stages, it’s important to recognise your limitations, as well as what you can do well, and try to work on those. While many issues are unique to the individual setting up their practice, there are a few common errors that Dormer has seen time and time again. Below, he outlines the top five slip ups.
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About Mark Lee
Mark Lee works almost exclusively with savvy sole practitioners who want more out of their practice. More clients, more money, more time, more satisfaction - or everything!
An accountant by profession, Mark moved away from the provision of professional advice in 2006. He is now a professional speaker, mentor, facilitator, author and debunker.
Mark Lee is a realist and regularly debunks myths and hype related to his areas of interest and expertise. His keynote talk for audiences of accountants is How to STAND OUT and be more than 'just another accountant'.
Mark is passionate about helping accountants generally so is a keen blogger and commentator in the accounting and tax press. He is consultant practice editor of AccountingWEB and has written hudnreds of articles here that have been viewed over a million times.
Check out how he could help you here: www.BookMarkLee.co.uk/savvy
Mark stopped giving tax advice himself despite being a past Chairman of the Chartered Accountants’ Tax Faculty. He is however Chairman of the Tax Advice Network - the UK's highest ranked lead generation website for tax advisers and accountants. The network also publishes a weekly practical tax update for accountants in general practice and full tax support, on demand too. You can also use it as a lead generation resource for local people seeking tax advice from an accountant.