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Nikonomics - The Economics of Small Business
89 - Quit Your Job, Buy a Business: Advice for Aspiring Entrepreneurs with Yvette Owo
Nov 27, 2024
Yvette Owo, founder of YOLO Accounting, shares her inspiring journey from consulting for Fortune 500 companies to launching a successful accounting firm. She discusses the challenges of acquiring and scaling businesses, and the importance of having a solid business structure. Yvette reveals how financial insights can drive entrepreneurial success and the mindset shifts necessary for growth. Her whimsical childhood stories highlight a lifelong passion for entrepreneurship, showcasing the blend of personal experiences and professional lessons that fueled her success.
37:02
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Quick takeaways
- Yvette Owo's transition from consulting to entrepreneurship highlights the importance of pursuing ownership for job satisfaction and fulfillment.
- Establishing a clear business structure with defined roles is crucial for scaling and ensuring operational independence in a growing firm.
Deep dives
Transitioning from Employee to Entrepreneur
The discussion focuses on the speaker’s journey from the corporate world to entrepreneurship, highlighting the turning point that ignited this transition. After years of working with Fortune 500 companies and dealing with significant budgets, the realization struck about the lack of fulfillment in working as an employee. Influenced by a relationship with an entrepreneur, the speaker was motivated by the need for ownership and control over their professional life. Ultimately, this led to the decision to leave a lucrative career behind for the freedom and challenges of running their own business.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode