Archives for August 2015

Subscribe to Podcast by Email

http://serialpodcast.org/how-to-listen (This is brilliantly done)

Image credit freedigitalphotos by David Castillo Dominici

FFS008:Sole Trader v Limited Company v Partnership – How to Choose

August 21, 2015 by Georgette Rowland Osborne

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

This has to be one of the most common questions I get from business people. My response was usually “discuss this with your accountant” But even when they did, many still had questions or couldn’t decide.

I couldn’t figure out why, your accountant is a great place to start. Then I began to see a pattern. The accountants always answered the question from a financial/tax perspective. Which is great, that is what they are meant to do. But the decision has other implications not just to do with tax.

Some people felt they didn’t have a full enough understanding to decide. Some felt they had enough of an understanding but the professional advice went against their gut feeling. While others had other questions to ask but were reluctant to ask them because they came from a non-financial or personal perspective that they didn’t feel comfortable to bring up in an accounting or tax conversation.

Today I will give you a brief overview of the differences between the different structures from a legal standpoint.

Then I will give you a little quiz and the answers of course to help you choose. And where appropriate I will give you my take on it.

This is definitely a pen and paper episode, but if you are in the car, at the gym or someplace else where you can’t take notes. Don’t fear I have a gift for you.

When you can; go to financialgymforbusiness.com/soletraderyesorno and you will be able to download a simple matrix with the questions and the best options based on your answers.

You will also hear
· How your ability to pay your bills on time is an indication of what type of company to set up
· Why your credit rating could matter whatever entity you choose
· Some sticky points about going into a Legal Partnership
· The role your personal preference must play in any decision you make

Show Links and Resources
Sole Trader v Limited v Partnership – How to Choose – Quick Tip Guide

http://choicesmagazine.co.uk/
https://uk.linkedin.com/in/anthonycharlestitanium
https://twitter.com/anthonytitanium

http://serialpodcast.org/how-to-listen (This is brilliantly done)

FFS007: Anthony Charles – From his last £10 to £10,000 in a few months

August 14, 2015 by Georgette Rowland Osborne

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Today my Entrepreneur Speak Spot guest is Anthony “Titanium” Charles who talks very honestly and openly about his business failures and successes. As someone who did very well in Network Marketing, He runs two businesses based on that model so that aspiring entrepreneurs would have a way of making money while they got their own businesses off the ground.

He tells how friends on more than one occasion let him down, one almost cost him everything. Listen to his story of having a family to support and debts to pay, and risking his last £10 so he could meet the man he believed would change his life.
It is a testament to those who have found success, but still take the time to look behind them and give back.

You will also hear

How a speech at his place of work by pioneering entrepreneur John Bird of the Big Issue was the light bulb moment when he knew exactly what his purpose was and what business he needed to create
How his wife suddenly got cold feet when the reality of the project set in
How he got a millionaire mentor when he was flat broke
Tips for staying focused when you want to quit
His take on whether everyone is cut out to work for themselves
The number one reason people fail or leave network/referral marketing

And much more

Guest Links

Show Links & Resources

John Bird of the Big Issue

Ron Holland – The Entrepreneur’s Entrepreneur

The Employment Law & HR Podcast

http://serialpodcast.org/how-to-listen (This is brilliantly done)

FFS006:Why Buying a Business May be Better than Starting from Scratch

August 7, 2015 by Georgette Rowland Osborne

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Buying an existing business is not a simple thing; you need to make sure you are not getting somebody else’s problems for a start.

Let us assume you have great business advice you can call on. You could possibly get the financing.

The process of actually buying a business aside, if you pick wisely, there a heap of reasons that I could see this working better than building something from scratch.

You will also hear

Why the financial history of a company you want to buy is useful but not the most important financial data you should have
How being able to predict sales changes the game
The only time you could scale back sales and marketing without hurting your business too much
Why ready trained staff are a blessing and a curse at the same time

And much more

Show Links and Resources

adviceforemployers.co.uk

Subscribe to Podcast by Email

Subscribe to Podcast by Email

http://serialpodcast.org/how-to-listen (This is brilliantly done)

FFS005:Ready to Resign – 5 Decisions You Need to Make Before You Quit Your Job

August 1, 2015 by Georgette Rowland Osborne

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

While there are many, sadly too many businesses that are forced to close. There are a quiet band of people who opt to go the other way and leave self-employment to go get a job. For some it is a return to a world they missed, but for others it is the sound of the door closing on their dreams.

So why go back?

For some, being their own boss is a really bad idea, (which I talk about in Episode 2 – Reasons it’s not for you). If you haven’t listened to it yet, you can get it at financialgymforbusiness.com/002.

But the tragedy is that for many; those who are truly meant to be doing their own thing; they were just one month, one deal, one mentor away from making a go of it.

You will also hear

Why your personality plays such a major part in the type of business you run?
Why what we avoid admitting to in public is the key to understanding what we should be doing with our lives
How to safeguard against our own tendencies to self-sabotage when we want something badly
The difference between a well-run business and something that will drain you

And much more

Show Links and Resources

The 7 Day Startup by Dan Norris

wpcurve.com/resources