![Owen’s 5 tips for starting a business (introducing The Australian Business Podcast) [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_149314_0_0jpg.jpg)
Did you know there are 2+ million businesses in Australia (2/3 are sole traders)?Owning businesses is the key to wealth (Buffett invested in other people’s businesses, Oprah bought her own business, Michael Jordan makes more money from his own business ventures (e.g. Nike ownership) than in his career).In this episode of The Australian Finance Podcast, Kate & Owen discuss understanding the wealth quadrant (working for income, owning someone else’s business, owning your own business), Owen’s business journey, plus Owen’s five tips for listeners considering starting a business.🎧 Tune into the [Australian Business Podcast](https://www.raskmedia.com.au/podcasts/australian-business-podcast/) now on [Spotify](https://open.spotify.com/show/3044vSU0er64EdV1e4Pzrc) and [Apple Podcasts](https://podcasts.apple.com/au/podcast/australian-business-podcast/id1551250845)👩🏽💻 Take Owen’s free [Business Starter course](https://education.rask.com.au/courses/free-business-course/) on Rask Education today➜ Dig in deeper with the show notes: https://www.raskmedia.com.au/podcasts/australian-finance-podcast/➜ Money & investing courses: https://education.rask.com.au➜ Join our kickass newsletter: https://www.rask.com.au/free-sign-up/➜ Hang with us on IG: https://www.instagram.com/raskaustralia➜ Twitter for cool kids: https://twitter.com/RaskAustralia➜ Tiktok for laughs: https://www.tiktok.com/@raskinvestIf you want to thank us for putting this show together, please give The Australian Finance Podcast a 5 star review on Apple Podcasts – it’s a 5 second task which really helps support the show (and puts a big smile on our faces).*Full individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.*DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.Access The Rask Group’s Financial Services Guide (FSG): https://www.rask.com.au/fsgDate recorded: 12th of September 2022
sole trader
![S5 EP8 Starting a Business – What are your options? [Video]](https://video.getpvd.com/wp-content/uploads/2022/09/mp_149295_0_0jpg.jpg)
The Jamaica Information Service recently reported that the Companies Office of Jamaica is projecting that 2022 will be a record-breaking year for the registration of businesses and companies in Jamaica. The COJ stated that registrations for 2022 are on track to surpass the 17,039 business names and 4,878 new companies registered in 2021. These figures reflect that the entrepreneurial spirit is alive and well in Jamaica. Persons are therefore actively investing their resources to start businesses of their own. As with virtually all ventures, prior to starting, a decision has to be taken on the type of business ownership a new investor would like to pursue. Associate Jana Griffiths join host Deon Mattis on The Legal Landscape to discuss the two most common types of business, a Sole Trader and a Company.–Join us every Wednesday, at 5:35 PM on The Edge 105.1 FM/ 105.3 FM, during Home Run, as attorneys from various practice areas provide quality legal guidance curated to educate, inform and guide your business decisions.To speak with an attorney, contact us at:+ info@dunncox.com + 876.922.1500+ www.dunncox.com–LIKE. SHARE. COMMENT. SUBSCRIBE.Facebook: @DunnCoxInstagram: @weareDunnCoxTwitter: @DunnCox
![Starting a Business – You Will FAIL Without This! [Video]](https://video.getpvd.com/wp-content/uploads/2022/06/mp_122680_0_0jpg.jpg)
Your new business will FAIL if you do not do this! Starting a new business is easy, but your business will struggle to grow without a recurring revenue model. With 9 out of 10 new businesses failing in the first 10 years and approximately 50% of businesses failing in the first 5 years, it is vital you watch this video before starting a small business.If you are setting up a new business you must ensure that recurring revenue is a key part of your business plan. A lot of people often spend time researching how to start a business, however, very few resources highlight the importance of recurring revenue.When people become self-employed and set up a Ltd company, they often focus on marketing and sales. Unfortunately, many of these sales will be one-off payments instead of recurring revenue streams.Most businesses have the potential to generate repeat income so make sure you take some time to think about how your business could do this.If you are looking for recurring revenue business ideas, I would recommend subscribing to the channel as I often talk about my passive income businesses.Does your business focus on recurring income streams? Let me know in the comments below!
![WARNING: Starting a Business in the UK? BE AWARE OF THIS! [Video]](https://video.getpvd.com/wp-content/uploads/2022/05/mp_119178_0_0jpg.jpg)
If you a starting a new business in the UK, either as a Ltd company or sole trader, then you need to be aware of this before you quit your job!People are often so focused on how to start a business that they don’t realise the potential impact it can have on their ability to get credit.Becoming self-employed makes it a lot more difficult to get a mortgage or remortgage as lenders treat self-employed borrowers differently than employees.Employees are often able to get a mortgage with only 3 months of payslips, whereas self-employed applicants often need to provide 2 to 3 years of earnings history.Self employed mortgages are available in the UK but the requirements are a lot stricter than they used to be before the global financial crisis.It doesn’t matter if you are a sole trader or a director of a Ltd company, the mortgage provider will still class you as self employed.Have you had any issues getting a mortgage as a self employed applicant? Let me know in the comments below!
![Which One? Sole Trader or Limited Liability Company? How to Start a Business in New Zealand [Video]](https://video.getpvd.com/wp-content/uploads/2021/08/mp_33015_0_0jpg.jpg)
Which One? Sole Trader or Limited Liability Company? One of the questions I get asked when some-one wants to start a business in New Zealand is which business entity? Sole Trader or Limited Liability Company? In this video I will talk about some of the differences between the two, and this should help you decide which is better for you.0:00 Intro0:28 Which is Right for You?1:03 What is the Difference?1:12 Sole Trader1:40 Limited Liability Company2:24 Owners Liability3:38 Taxation4:21 Public Perception4:54 Accounts and Records5:31 Professional Advice5:47 SummaryFor a more information, watch these videos:Limited Liability Company in NZ Explained: https://youtu.be/kKE_JKVfPA0Sole Trader in NZ Explained: https://youtu.be/XyLN-YB8G1EChange from Sole Trader to Limited Liability Company: https://youtu.be/z0rgZByC92MThe How to Buy a Business Right Guide: https://youtu.be/8ZGQ6kTyIuoThe How to Sell a Business Right Guide: https://youtu.be/WQHz9zKSk28How to Start a Business in New Zealand: https://youtu.be/pIw4nq0bHigThis channel has weekly uploads, tutorials and features all focused on how to start a business, how to buy a business, how to sell a business and how to increase the profits in a business to increase the business value. I am a Business Broker based in Auckland, New Zealand. Keep in touch:LinkedIn: https://www.linkedin.com/in/peternolaInstagram: https://www.instagram.com/peternolabusinessbroker/Website: https://www.businessesforsale.co.nz/broker/peter-nola#howtostartabusiness #howtosellabusiness #howtobuyabusiness