Helping tradesmen tackle growth and win
When it became obvious that earthquake rebuild work would extend for years and years, a Christchurch accountancy firm decided to set up a new division dedicated to tradesmen coping with extra work and upscaling their businesses.
Jamie Tulloch and his firm E3 Business Accountants had acted for trade-based businesses, but the volume of the work that flowed in with these tradesmen persuaded him and accounting director Ashley Trewin to set up the "accountants4trades" division.
Small business owners were asking about the best way to grow a construction or trade-related business. The opportunities were multiplying quickly as repairs were done and as city firms sought new tenancies, he said.
Different skillsets were required in running a company with more staff.
"All the clients we had coming in to us were traditional tradesmen. They might have two or three staff and they'd come in and say: 'What do you think I should do? I've got an opportunity to have five or 10 or 20 staff in the next 10 years, how on earth do I deal with it?' "
His firm ran workshops that drew hundreds of tradesmen wanting a sense of the possibilities.
Tradesmen that wanted to drive the business forward had to get their families firmly behind such expansion.
"If the family says 'yep, we really want to stay here in Christchurch, we really want to go for it', that's stage one and everyone's singing from the same song sheet."
Tulloch's business had to quickly vacate its tenancy on the top floor of an Oxford Tce building in May when engineers judged the building unsafe.
Earlier evacuations because of the big quakes in September, February and June meant the accountancy firm was geared up for a quick exit, he said.
- © Fairfax NZ News
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