Johnston Associates Chartered Accountants

Masterminding Brighter Tomorrows

Coaching and Training Services

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#finsup – The boys are back, and we’re proud to have their backs!

This Sunday sees the first match of the Tasman Makos 2016 Mitre 10 Cup draw, at Lansdowne Park in Blenheim when our boys take on Waikato.

We’ll be there to spur the fellas on, and we’re proud to continue as a brand sponsor of the Tasman Rugby Union, you’ll see our Johnston Associates South logo sits proudly on the back of the jersey.

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There have been some changes during the off season. Head coach Kieran Keane has been replaced by Leon MacDonald, who’s made his mark as assistant coach since 2010. There have been some player departures too, but the squad still boasts a host of seasoned Makos who are ready to begin their national provincial championship premiership campaign.

Here at Johnston Associates South Chartered Accountants we’ve often likened business success to sporting success, and it comes as no surprise that preparation for a premiership campaign is similar to the preparation you need to do to grow your business and take it to the next level.

Here are three ways you can prep like the Tasman Makos:

  • Get training – Just like the Tasman Makos your business should be investing time in training and professional development. You need your staff at peak performance to succeed. Johnston Associates South can help you with that, we are an approved service provider under the NZTE Capability Development Voucher Scheme, which means you may be eligible for up to 50% discount on our training courses through the NZTE Capability Scheme. Visit www.nzte.govt.nz to find out more about your Regional Business Partner and how they can assist you. Find out more about our courses and the knowledge we can share with you HERE.
  • Get fit – In terms of business we’re talking financially fit. Talk to our specialist business consulting division we can help you with accounting systems evaluation and implementation, debt management, business analysis and forecasting, compliance and tax reporting. All of this will help you reach peak financial performance.
  • Gather your team – You should regularly review your internal team members and your external partners; to find out how we can help as part of your team, contact us HERE.

 

 

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Not just Chartered Accountants!

These days there’s more to being a Chartered Accountant than just looking at the balance sheet. At Johnston Associates South, we’re proud to be Chartered Accountants, but more than that, we’re proud to represent the changing face of accountancy. 

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We believe there are many other job titles we could adopt as part of our role in your business, here is a list with five examples…

  1. Entrepreneur – We always adopt an attitude and approach of thinking outside the box for your business. We embrace critical questioning, innovation and strive to help your business continually improve.
  2. Relationship Coach – We help you liaise with key stakeholders within your business and externally. That might be shareholders, financial institutions, legal representatives or any other organisations and individuals that are integral to the smooth running of your business.
  3. Communications Officer – We can deliver budgets and financial reports to key stakeholders; communicating them with clarity and in a manner that ensures they are easily understood.
  4. Business Analyst – Our virtual CEO and CFO service offers you the assistance you’d expect from a business analyst. We look at your processes and systems and assess your business model. We’ll come up with strategies that will help you grow sustainably. But we don’t stop there, we can check back with you on a regular basis to see how you’re progressing and what needs to be changed. Ensuring you get measurable results.
  5. IT Specialist – We can help review your systems, but we can also provide support and training when you put systems in place to ensure you understand them and get the most out of them.

Johnston Associates South Chartered Accountants can play an important and influential role as part of the finance and accounting backbone of your organisation, but we are also  business advisors, strategists and administrators, give us a call to discover how we can help you!

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5 ways to perform like an All Black in business

With the All Blacks reaching the RWC final it seemed appropriate to once again take stock of that direct correlation between performance on the sports field and performance in business.

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There’s a lot to be learned from the boys in black, but here are a few game tactics you should employ in your business every day.

  1. Always keep your eye on the prize – Set your business goal and work diligently towards it. Of course goals need to be reviewed as your business grows and changes, but always know what you want to achieve. A business without a focused goal will often flounder.
  2. Have a game plan – Put processes in place to ensure you find the fastest most efficient way to reach your business objectives and goals.
  3. Face the music – Sure… In any business there are often jobs that need to be done that are not always your favourite tasks. Rather than think of these as a challenge, consider them an opportunity. It is often these occasions that will give rise to your greatest achievements, just like last week’s All Blacks vs France game.
  4. Never underestimate the value of great leadership – Do we need to use more than two words here? Richie McCaw.
  5. Gather your support team – In a world where peer review is of the utmost importance, think of your customers and clients as your fans. Treat them well, offer excellent customer service and they will help market and grow your business for you. Whilst your fan base is important, so too are your coaches, physios and medics, they have the specialist knowledge that you need at every match… That’s where we come in. At Johnston Associates South our dedicated, highly trained team members have been specifically recruited for their valuable skill sets and previous experience, we can help you get to the final!

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It’s all in the planning……

As Nelson based chartered accountants we’re passionate about business growth in our region, that’s why we want to help you succeed. We think the key to success lies in planning ahead.

We’ve produced an e-booklet for our clients, “The Really Useful Guide to Starting Out in Business”, below you’ll find a short extract on business planning, if you would like to receive a copy of the full booklet please contact Brad.

“Before you become involved in the detailed planning for your business, you should first consider what you want from the business and how you are going to achieve those goals. Certain key issues will determine your business’ ability to compete in the marketplace, whether you are setting up a new business, or acquiring an existing one.

Those issues include:

  • Setting the objectives of the business
  • Preparing financial projections (budgets and cashflow)
  • Identifying marketing strategies
  • Determining the management structure (including personnel requirements)
  • Deciding on the legal structure and ownership of the business (e.g.: sole trader, partnership, company)
  • Considering financial requirements, including the level and sources of borrowing, security you may have to provide personally, and a realistic assessment of working capital requirements

It is desirable to formally record these issues by preparing a business plan.

There are a number of tax planning considerations to take into account when setting up in business. Advice should be sought in respect of matters such as the legal structure and financial requirements.

We can advise on procedures for completion of the business plan or, if you wish, prepare the plan on your behalf from information provided by you.”

We also run one-on-one training courses in business planning.

SMART FINANCIAL BUSINESS PLANNING FOR START UPS

Designed for delegates who need to determine their business’ ability to compete in the marketplace, whether setting up a new business or acquiring an existing one.

SMART FINANCIAL BUSINESS PLANNING

Designed for delegates that need to develop and renew their business plan to enable business growth and improve profits.

If you would like further information on either of these courses you can find us on the Accelerate Success website, or feel free to contact us directly.