Australian Business Podcast 3 more ways your business will die... plus, WTF?!? Owen discovers you can use director loans to buy property!
Charlie Munger says, "tell me where I'm going to die and I won't go there". This episode is about helping you avoid disaster, such as your business dying -- like the thousands of businesses which go down every year.
In this Australian Business Podcast episode, Owen Rask, Jordan Kidis and Danil Goloubev share 3 ways your business will die:
- Taking too much cash out of the business
- Following silly ideas and phrases such as "You gotta spend more to make money" 🤦♂️
- A failure to plan, is a plan to fail.
In addition to covering these three topics, and answering your questions, Jordan and Danil blow Owen's mind by explaining how it might be possible to use a director loan to buy a property!
Resources you'll love
- Rask Invest - Invest with Owen: https://bit.ly/R-invest
- Mortgage Broking: https://bit.ly/broke-rask
- Financial Planning: https://bit.ly/R-plan
- Property Coaching: https://bit.ly/R-P-coach
- Business Coaching: https://bit.ly/o-coach
- Accounting with Grey Space: http://bit.ly/3DG5lWS
- Ask a question: https://bit.ly/3QtiY00
Say g'day here 👇
Ask a question: https://bit.ly/3QtiY00
Grey Space website: http://bit.ly/3DG5lWS
Free business course: https://bit.ly/rask-biz-course
Owen Rask's business coaching: https://bit.ly/coach-owen
This Australian Business Podcast Episode is for founders, business owners and investors in private companies.
Join 2,300+ students in our free business course!
If you liked this episode, don’t forget to consider taking our free business course and tuning into the Australian Business Podcast episode one, in which I shared my journey.
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If you want to help me out with the course, right now the best thing you can do is subscribe and review this podcast in Apple or Spotify. Please use the “Ask a question” menu link on the Rask websites, or leave your questions in the Apple Reviews.
✅ Grey Space Advisory – accounting today for a smarter tomorrow
Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.
Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank set-up, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! Book a $99 business health check with the Grey Space Advisory team and tell them Owen sent you.
☕️ Rumble Coffee Roasters — our OG sponsor & coffee genius!
Rumble Coffee Roasters is dedicated to helping you drink better coffee. Knock-out blends, world-class single origins, bold espressos and flavour-filled filter roasts. Rumble Coffee prides itself on personal relationships with producers and customers alike. Tell them Rask sent you.
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The information on this website and in our podcasts is general financial and tax information only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser or tax agent.
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