In this episode share with you an interview that I had with Accountant Reuben Bergola. Reuben is the director and partner of a Gold Coast accounting firm, New Wave Business Solutions (accountants).
After spending seven years working for small accounting practice and working his way up to be the manager of the practice. Reuben was fed up with the way traditional accountants were doing business and how they were servicing their clients. Reuben and his team at New Wave Business Solutions are trying to change the way, accounts interact with their clients and delivering much-needed value through the use of technology and cloud-based accounting software.
Be sure to listen throughout the episode where Reuben shares what takes to have a successful business, and what he sees as some of the common pitfall and challenges that small business owners come across and his tips on how you can avoid them.
What does money mean to you? “It is financial freedom, I love having money, having more money means I have more freedom to do the things I want to, from starting businesses, helping other people, I have no interest in buying a Ferrari or fancy suit”.
Tips for startups and small business owners – Calculate where your best investment is, regarding advice and where your money is best spent to help your business grow. Its ok to spend money when you’re starting a business as long as you are spending money on the right things that are an asset to your business, this may be legal advice, hiring a financial advisor or an accountant. With the right advice and the right team around you, it is going to put you 2 or 3 steps ahead of your competitors, because you are going to be doing things the right way from the start.
Tax Tips – “Never spend a dollar to make 30c, in other words, don’t spend money to save tax if you don’t need to”
Learn more about Reuben and New Wave Business Solutions