Australian Business Podcast

Hiring staff and team members is the one -- if not 'the' -- most important parts of running your own business.In this Australian Business Podcast episode your host Owen Rask talks with accountants Jordan Kidis and Danil Goloubev about what it really costs to hire people, how to manage the expense, how to calculate the cost and more. Don't forget these things when you hire someone: PAYG withholding - paid by you Super - monthly or quarterly Worker's comp and other insurances, which vary by state (but is typically based on your total wages) Subscription/software additions for each team member Rent/Equipment upgrades needed for extra team members Training and development, both time and cost Inefficiencies from scaling Recruitment costs, this can be as high as 15%! On $80k that's like $12,000! Stress - yes, this is the real cost of a bigger team! Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In business, it's often the decisions you DON'T MAKE that become some of your best decisions of all time. That's why, in this episode of the Australian Business Podcast Owen Rask, Jordan Kidis, and Danil Goloubev detail the 10 biggest mistakes that 100s of business owners make every week. The 10 mistakes include: Being naive or ignoring it will not make your tax problems disappear (i.e. ignoring the tax debt/lodgements) Poor financial management (overcapitalising is a killer) Div7a -- is it "free" money from your business or a debit loan -- let's ask the ATO! Failing to reinvest in the business Putting off scaling/hiring/investing in equipment/people/marketing because you're scared Pricing to win work and failing to make money -- be prepared to say no as time goes on An over-reliance on a handful of clients (e.g. tradies) Doing the same thing over and over again expecting a different result -- insanity! GST - it's a thing Listening to pub talk Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

In this episode of the Australian Business Podcast, your host Owen Rask talks to Taylor McPhail, the current managing director of McPhails, a furniture powerhouse that went from nearly broke to $22 million of sales -- in 3 years!You can WATCH the full and exclusive interview online, either on Rask's YouTube channel or Rask Media.Australian Business Podcast resources Owen Rask’s free business course Ask a question McPhails website 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

I'm guessing every working day you feel like you're treading water, with a million things to do, and 1,000 decisions that need to be made.In this episode of the Australian Business Podcast Owen Rask, your host of The Australian Business Podcast, and accountants Jordan Kidis & Danil Goloubev from Grey Space Advisory, explain why you need to get good at making fast and good decisions that align with your business goals. Great opportunities are timely and will not always be around (e.g. to hire someone or expand) Avoiding analysis paralysis is key - over-analysing and taking too long to make a decision can hurt your momentum. Maintaining momentum is key to all businesses. Saying ahead of your competitors can only be done if you are at least keeping pace.  Fast decisions help you keep up with customer needs and expectations  Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Australian Business Podcast is back to bring you some timeless wisdom: here are the 3 biggest traps small business owners fall into within the SECOND year of business.Owen Rask, your host of The Australian Business Podcast, is joined by accountants Jordan Kidis & Danil Goloubev from Grey Space Advisory. Here are the traps they cover: Neglecting marketing and advertising. Staying the technician. Focus / shiny object syndrome.  Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Australian Business Podcast is back to bring you some timeless wisdom: here the 3 biggest traps small business owners fall into within the first year of business. Owen Rask, host of The Australian Business Podcast, is joined by accountants Jordan Kidis & Danil Goloubev from Grey Space Advisory. Here are the traps they cover: Not having a plan/going in blind (a plan doesn't need to be perfect!) Not budgeting for scale or tax. Taking too much money from the business too soon (jetski anyone?) Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Australian Business Podcast's is proud to announce our first-ever question and answer (Q&A) session! Owen Rask is joined on The Australian Business Podcast by accounting experts Jordan Kidis & Danil Goloubev from Grey Space Advisory to answer your questions: Can two businesses share an ABN? I have a laundromat and car wash, should I buy or build a new one? I'm studying a master's degree, should I buy a lawn mowing business and employ someone? What should I think about when doing a business merger? Australian Business Podcast resources Owen Rask’s free business course Ask a question Get a business health check from Grey space 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Australian Business Podcast is back on the airwaves and this time. Owen Rask is joined on The Australian Business Podcast by accounting experts Jordan Kidis & Danil Goloubev from Grey Space Advisory to share the 6 things you should know about running a business -- before you start.Here are the 6 things Owen, Danil & Jordan have identified: Be ready to be switched on 24/7 Your best ideas come at the most random times. Whether working on the business or taking customer calls 24/7. It can be a very lonely road Business plans can change, unexpectedly, and only you will 'get it'. Co-founders can help. So too is writing to yourself. Wearing all the hats becomes impossible at a certain stage How did you know? You start leaving things out and putting them to the side “I’ll do it tomorrow” then tomorrow never comes -- it's endless cycle. For Danil & Jordan it was marketing. Be ready to make fast decisions and pivot quickly Your business is often wrong. Things get in the way of bold ideas. Find ways to adapt. It's a marathon and not a sprint Make your business anti-fragile, and focus on survival. To finish first, you must first finish. Surround yourself with like-minded people While having good people around you sounds lovely, always have one or two people who will challenge you. This is healthy. Australian Business Podcast resources Owen Rask’s free business course Ask a question 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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. ***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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nectr is an energy retailer that achieved 20,000 customers and annualised at $20 million of revenue within just two years.Nectr is run by Andrew Butler, a former electrical linesman born in regional Victoria.In this Australian Business Podcast episode, Andrew Butler and Owen Rask talk about the challenges and opportunities of running a renewable energy start-up, developing team culture that focuses on customers, remote work, being bought out by an overseas company, and more.Australian Business Podcast resources Owen Rask’s free business course Ask a question This Australian Business Podcast Episode is for founders 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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! You can book a $99 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. They pay farmers fairly so that they can invest in their land, their employees and their communities. You can buy some beans to drink at home or in the office via rumblecoffee.com.au. Alternatively, if you’re a coffee shop owner — get in touch and discover better ways to serve your customers. Tell them Rask sent you. ***The information on this website and in our podcasts is general financial advice 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. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website. Learn more about your ad choices. Visit megaphone.fm/adchoices

Glen James is the founder of My Millennial Money, a financial education and podcast business that turns over $1.2 million in revenue annually. This podcast episode with Glen James was originally featured on The Australian Investors Podcast so it covers building a podcast, Glen's story from tradie, to financial adviser, to investor, to podcast empire.It also dives into what Owen and Glen know about money, investing, careers, life and more.Everyone can learn something from this episode of The Australian Business Podcast with Glen James and Owen Rask.WATCH THE VIDEO VERSIONYou'll enjoy this discussion with Glen James if you are interested in: Starting, growing and selling a business How to make more money How to save more money How to spend money better How to invest better Building on your career Why mental health could be your untapped gold mine 15+ years of podcast experience rolled into one hour Glen's company recently ranked in the Australian Financial Review's Fast Starters Companies list for 2022. Australian Business Podcast resources Glen's website AFR write-up on My Millennial Money Owen Rask’s free business course Ask a question This Australian Business Podcast Episode is for founders 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.Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 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 tomorrowDo 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! You can book a $99 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. They pay farmers fairly so that they can invest in their land, their employees and their communities. You can buy some beans to drink at home or in the office via rumblecoffee.com.au. Alternatively, if you’re a coffee shop owner — get in touch and discover better ways to serve your customers. Tell them Rask sent you. ***The information on this website and in our podcasts is general financial advice 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. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website. Learn more about your ad choices. Visit megaphone.fm/adchoices