Franchise Talk

He Became An Entrepreneur With Just Rs 5000

November 11th, 2009 | Author: Jack

A chartered accountant selling papad (a thin crispy wafer) and ice-cream? Well, that’s what Robin Moses loved doing. Not just that, he also dabbled in selling merchant acquisition terminals, credit cards before he was bitten by the entrepreneurship bug.

Four years later, he gave up his first love, ’selling’ to do something more concrete. He decided to offer taxation and accounting services to people in his locality. What started as a small service for friends and relatives, grew from 5 to 300 clients in a year, without any money spent on advertising.

Robin Moses realised this was a great opportunity as many small and medium businesses found it difficult to finalise their accounts month on month and calculate their tax liabilities.

“In most cases, their CA was a mere spectator. I founded Reach Tax with the aim of making taxes and accounting easy for the small business owners. We grew at 30-40 per cent every month but had limited resources. Eventually, I built a good team, deployed the right technology for my people to use and a set of strict operating processes,” says Robin.

Today, Reach Tax processes over 10,000 orders annually. Bullish on the growth potential of accountancy services, Robin has big plans. He plans to launch an online accounting/tax product for small and medium businesses that will facilitate accounting without an accountant.

Reach Tax will operate from Delhi, Mumbai, Hyderabad, Chandigarh and Kolkata by November 2010. Robin Moses shares the pleasure of being an entrepreneur solving ‘taxing’ worries.

When did you start? How has the experience been so far?

Read full interview.