Zulf breaks down the seven non-negotiable categories of spending that every new business owner must consider, including why high revenue is often a “lie” if you don’t understand your net profit. Whether you are setting up your first website or navigating the frustrating world of lazy accountants, this episode provides a realistic roadmap for budgeting your first year. Learn how to calculate your “monthly survival number” and why a safety buffer is the only thing that will truly free you up to be creative in your business.

Show Notes: https://trustedcreators.org/s17ep3/

0:00 – Introduction to business startup expenses
1:27 – Can you start with zero dollars? The honest answer
2:25 – Digital infrastructure and website costs
3:28 – The hidden reality of accountant fees
4:19 – Setting up wages and director salary foundations
5:06 – Legal requirements and business insurance types
6:13 – Software subscriptions and receipt management tools
8:15 – Reality check on gear: Laptop and production needs
9:41 – Gross vs Net: Why high revenue can be misleading
11:02 – The struggle of finding a proactive accountant
13:30 – Preview: Sole Trader vs Limited Company options

🎙️ About Zulf Talks

Think of this as a chat between friends. I share business tips and advice on how I transitioned from a 9-5 office role to a Director of my own company. Expect banter, financial freedom talk, and the reality of a documented career journey.

Connect with me:Got a story about invisible wealth? Reach out!#UkCreators #InvisibleWealth #ZulfTalksPodcast #WealthMindset #StatusTax

📢 Please Note:The information shared is for educational purposes and does not constitute financial advice. I am not regulated by the Financial Conduct Authority (FCA) and cannot address your specific requirements. Do your own research and seek independent advice.