Dave McPhedran (left) and Carl Spruyt in their Crawford St offices. Photo by Linda Robertson.
As a chartered accountant for more than 30 years, Dave
McPhedran reached the stage where he wanted to offer more
than just traditional accounting services.
What started as a desire to do something that was different,
branched into business coaching and is now a hybrid of
accounting and business advice.
Your Business Team Ltd, now based in offices in Crawford St,
was formed by Mr McPhedran in 2001.
He then teamed up with Carl Spruyt, who had more than 20
years' experience in banking and finance, and the concept was
developed where full business support packages could be
tailored to meet the requirements of a broad spectrum of
Last year, YBT Ltd was selected to partner Australian
business development franchise 10X and bring the 10X Coaching
Club to coastal Otago business owners.
The club is a group coaching model that leverages the
expertise of international business leaders in conjunction
with local know-how and on-the-ground support from an
accounting team and business coach.
It provided a professional circle of support, structure and
accountability to business owners who often felt isolated
within their business.
Becoming involved with 10X "really fizzed" the pair and made
them "change [their] spots".
"They push us. We're not allowed to rest on our laurels ...
and the bottom line is the client benefits", Mr Spruyt said.
Providing a service that was "completely different" from
those provided by other accounting firms, they were there to
help business owners achieve their goals.
Their respective skills complemented each other. Mr Spruyt
has extensive experience in mentoring small to medium
businesses to achieve their goals, as well as implementing or
restructuring funding plans for new and existing businesses,
while Mr McPhedran has a background in both business
assessment and risk management.
Only one 10X franchise was allowed in each geographic area
and their patch stretched from Oamaru to Balclutha and inland
While there was sometimes a perception that they were
"fixers" or doctors", they also wanted to help good
businesses to become better businesses, while also offering
advice to those that were struggling.
"A client can have a successful business but there's always
room for improvement," Mr Spruyt said.
In the tough economic climate, a lot of businesses were
struggling through no fault of their own. He was impressed
with the stoicness of those in business in Otago, saying they
"If something gets tough, they get in there and make it
Mr McPhedran said they were "not rocket scientists", rather
they had identified a need and they were passionate about
"We just see things sensibly."