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10 Lessons I Learned In My First Year As Managing Director - S12EP19
This should help you as I know it would have helped me if I had this before I started.
There are a lot of fluff and perfection stories out there about becoming your own CEO and Boss. Here I break down the details you actually need to know if you consider yourself on this journey.
Topics in this Episode:
1. It's easy to set up an ltd company but the ongoing costs are higher than you would expect.
2. You will learn more from YouTube than you will from any financial advisors
3. Good Accountants cost more than you think.
4. You become a Tax expert in your first year
5. The money you make is not actually all yours
6. You need to find ways to keep your profits working for you
7. You start looking at investments and ways to keep your profits working for you
8. You will discover a lot of people talk the talk but can't walk the walk.
9. Finding staff with the basic values of employment doesn't exist
10. Make sure you have insurance
11. You will spend a lot of time planning the direction of your company and doing a lot without doing much at all.
Show Resources:
A podcast i have been listening to recently that is cool - The Side Hustle Show https://podcasts.apple.com/gb/podcast/the-side-hustle-show/id655135292
You can get all the show resources I talk about in the show directly to your email please signup here:
https://www.subscribepage.com/zulftalks
Clarity
: The information talked about in this episode is not financial advice or recommendations. The information does not constitute financial advice or recommendation and should not be considered as such. I am not regulated by the Financial Conduct Authority (FCA), therefore not authorised to offer financial advice. Do your own research and seek independent advice when required.
Views and opinions expressed in this episode by the guests and or speakers are those of their own and do not necessarily reflect the views of Zulftalks.com or TrustedCreators.org. Having guests on this podcast does not endorse them, their services or their products.
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By ZulfTalks
5
22 ratings
This should help you as I know it would have helped me if I had this before I started.
There are a lot of fluff and perfection stories out there about becoming your own CEO and Boss. Here I break down the details you actually need to know if you consider yourself on this journey.
Topics in this Episode:
1. It's easy to set up an ltd company but the ongoing costs are higher than you would expect.
2. You will learn more from YouTube than you will from any financial advisors
3. Good Accountants cost more than you think.
4. You become a Tax expert in your first year
5. The money you make is not actually all yours
6. You need to find ways to keep your profits working for you
7. You start looking at investments and ways to keep your profits working for you
8. You will discover a lot of people talk the talk but can't walk the walk.
9. Finding staff with the basic values of employment doesn't exist
10. Make sure you have insurance
11. You will spend a lot of time planning the direction of your company and doing a lot without doing much at all.
Show Resources:
A podcast i have been listening to recently that is cool - The Side Hustle Show https://podcasts.apple.com/gb/podcast/the-side-hustle-show/id655135292
You can get all the show resources I talk about in the show directly to your email please signup here:
https://www.subscribepage.com/zulftalks
Clarity
: The information talked about in this episode is not financial advice or recommendations. The information does not constitute financial advice or recommendation and should not be considered as such. I am not regulated by the Financial Conduct Authority (FCA), therefore not authorised to offer financial advice. Do your own research and seek independent advice when required.
Views and opinions expressed in this episode by the guests and or speakers are those of their own and do not necessarily reflect the views of Zulftalks.com or TrustedCreators.org. Having guests on this podcast does not endorse them, their services or their products.