We sat down with Waqas Chughtai, the new owner of Rosemary Bookkeeping Reading, to discuss why he decided to buy a Rosemary Bookkeeping Franchise.
Waqas Chughtai has had an extensive career working in accountancy and finance and is now adding another string to his bow by taking over as the owner of Rosemary Bookkeeping Reading.
The business, which was previously run by Mike Wallace, has been placed in the capable hands of Waqas, following a sale earlier this year.
Waqas is no stranger to what it takes to run a small business. With many years of experience behind him in growing companies in the accountancy sector and undertaking multiple roles in his impressive career.
A senior and fellow member of the Chartered Institute of Management Accountants, Waqas started his career at KPMG and has since grown his position and career in many companies including GO-ERP and Avanade, before starting his practice – WAC & Co. in 2012.
These saw him taking on many roles, as he grew to Finance Manager, Financial Controller, CFO, and ultimately a Finance Director position.
Waqas says he “Left [his] permanent role in 2012 because [he] always wanted to be in practice and managing [his] own business.”
During the initial phase of growing his business, Waqas worked part-time, simultaneously working with Evernote, a sister company of Microsoft.
“I contracted with them for a few years,” Waqas says. “[Working on] system implementation on the financial module side of things and consistently growing my practice in the background.”
Following the acquisition of a running practice called E-Accountants Ltd, Waqas’ services and expertise were able to expand further into accountancy. As such, he went full-time at his practice in 2017.
“We are now of reasonably good size,” Waqas says. “We have a back office as well as a couple of guys working here, a small team of seven or eight now.”
Though offering payroll and other accounting services through E-Accountants, Waqas wanted to expand further into bookkeeping.
“We were doing a bit of bookkeeping but not mostly bookkeeping clients,” he says.
Finding a Rosemary Bookkeeping franchise
Looking to expand, Waqas didn’t set out with the intention of looking into franchising but says that once he started looking, he began to see the clear benefits.
“You are part of a bigger group,” he says. “And it’s just an added peace-of-mind for a client [when] they’re dealing with someone who is part of a group rather than just a sole practitioner.”
Why Rosemary Bookkeeping?
As part of an extensive and reputable franchise network, our business owners are in charge of their businesses, but with the operational, marketing, and system-wide support of a national franchisor.
With a Rosemary Bookkeeping franchise, you can grow a thriving business, without being in it alone.
Backed by a network of like-minded professionals across the UK and an expert head office team, we ensure that you are in business for yourself, but not by yourself.
As Waqas says, the Rosemary model is,
“An established system that has worked for many.
For someone who is entering or starting up a new practice, it provides all of the basic and essential ingredients under one roof and provides the necessary training, staff, and material that you need to really kick start your business.”
Moving into the future
With his Rosemary Bookkeeping business, Waqas can achieve synergy throughout his practice and provide value-added services for new and existing clients of his, and of Rosemary Bookkeeping Reading.
With our current financial landscape shifting near-constantly, lots of small businesses up and down the UK are unsure of what their futures hold.
As a Rosemary Bookkeeping business owner, Waqas and the rest of our franchisees support and guide other small businesses through what may otherwise be confusing and turbulent waters.
“A lot is changing,” says Waqas.
“In regards to, let’s say, MTD. MTD was a very recent phenomenon. Larger companies are prepared for this because they have the forms and the talent to guide them.
But smaller businesses are confused as to how it affects them. So, [we want] to ensure that we are there to help them.”
Want to run your own business?
If, like Waqas, you want to support or start your own business by helping other small businesses with their bookkeeping, get in touch with us today.
Contact our friendly franchise sales team on 0116 275 9005 to find out about available territories near you.