It's August 2021 in Australia and we’re in the middle of learning to live in a global COVID-19 pandemic.
How are you doing today?
But working for yourself involves more personal decisions, greater risks and depending upon your business structure, greater personal liability.
And if you're making this decision based simply on cost alone, this is the question you need to answer, ‘What could possibly go wrong?’
Like most long term plans, building a self sustaining business takes time; time to mature, time to stabilise in the market and time to return the capital invested.
To achieve this, the majority of business owners use debt and overdraft facilities as an ongoing business tool.
And these types of tools can quickly work against you and your family if you're unprepared.
The frustration for many small business owners is nobody tells you everything you need to know.
The education journey of a small business owner can be a steep one.
The problem is ignorance of what your responsibilities as a Director are, is no defence.
For many people, working a side hustle is becoming more and more important in our growing world of temporary contracts and flexible working hours.
While providing flexibility (and promising better work-life harmony), growing a side business also requires a new business owner to learn new skills and new habits, before success arrives.
Here are some common financial mistakes time-poor new business owners can avoid.
The hard reality is while the emerging gig economy promises flexibility, our banking and superannuation systems have not kept up with the changes and now only adds to the new stressors our community of casual workers is facing.
You might think when you take out a joint mortgage with someone else you’re only responsible for your ‘half’ or share of the loan.
Think again because this is not the case.
If you’re like me, you probably have 100’s of business and professional self-development books. Some of them you’ve read, some of them you’ve half-read and well, some are hiding under your bed stashed away in the future reading storage box of shame, to read one day. *sigh*
Busy people know sometimes life gets in the way.
This presentation is about the question 'How much risk can I personally hold?'
This presentation is about the increased risks of having more than one owner (or family member) in a business and the importance of having a business owners agreement in place.