EP 072: This week's podcast is a little bit different.

As it’s an episode in which I was a guest on the James Schramko podcast.

James and I went back and forth on sharing our experiences from both selling businesses and setting businesses up for cash flow.

The conversation brought out the pros and cons of each and why we are both focused on cash flow today.

You can see we both put a lot of thought and intention into the businesses and business models we have today.

We didn’t pick them by whim like my sister in the video store.

I hope this podcast lets you be more strategic and intentional about your business.

 

Episode Highlights:

00:00 Welcome to Business and Investing

2:43 What is a full stack business owner?

4:20 Building a business to sell versus building a business for cash flow

12:43 Why having an objective is a great head start in building a business?

16:32 Is it profitable to sell your personal business brand?

19:44 Can you build a business to sell that has great cash flow?

22:05 Pros and cons of selling a business

26:25 The skills involved in selling a business

31:11 What are some business models that are more suited to sell?

34:31 What’s the importance of knowing your numbers in selling a business?

39:40 Reasons why you need to make a plan before selling your business

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

 

Resources:

○ Business and Investing website: https://www.businessandinvesting.com/

○ James Schramko website: https://www.jamesschramko.com/

○ F E International website: https://feinternational.com/

○ Built to Sell: Creating a Business That Can Thrive Without You: https://www.amazon.com/Built-Sell-Creating-Business-Without-ebook/dp/B004IYISQW

○ Master the ART OF NEGOTIATION and WIN Any Exchange: https://www.youtube.com/watch?v=TllU5IXAP40

○ John Warrillow: https://ca.linkedin.com/in/johnwarrillow

 

About the Guest: 

James Schramko is a highly sought-after business coach and the founder of SuperFastBusiness, who has a unique vision that shaped his digital marketing business into a success. 

James is also the author of the best-selling book, "Work Less, Make More."

To connect with James, head over to: https://www.jamesschramko.com/

 

Subscribe: 

○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting

○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

 

Connect with Business and Investing: 

○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480

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○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom

○ Send your enquiries or drop by to say hello: [email protected]

 

DISCLAIMER:

All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 071: On this week’s podcast, Grant and I discuss happiness.

More specifically, we share the strategies and tactics we use to live happier lives.

Swipe and deploy what has worked for us and bring it into your own life.

You can always go back to being unhappy if you don't like it 😛

 

Episode Highlights:

00:00 Welcome to Business and Investing

02:07 Do businesses always have to be hard and challenging?

07:05 Charley’s epiphany on happiness

09:37 Grant and his seemingly happy life

15:19 Does being happy mean avoiding things that make you unhappy?

18:49 How do you interpret happiness?

19:51 Does your health affect your emotional state?

20:46 Unrealistic expectations and desires

27:15 Be careful with the people you work with

34:42 Happiness, employee retention, and increased profits

37:28 Doing the stuff that you like with good people

43:24 Increasing happiness outside your business

51:03 Money and happiness

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

 

Resources:

○ Business and Investing website: https://www.businessandinvesting.com/

 

Subscribe:

○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting

○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

 

Connect with Business and Investing:

○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480

○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom

○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom

○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom

○ Send your enquiries or drop by to say hello: [email protected]

 

DISCLAIMER:

All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 070: This week on the podcast, we have Ray, our resident financial advisor, on to talk about superannuation.

I wanted to bring Ray on the show to break down how super works and its many advantages and disadvantages.

I suspect many business owners don’t understand its power, and that’s why they choose to ignore it.

 

Episode Highlights:

00:00 Welcome to Business and Investing
1:56 Who is Ray Regmi?
2:15 What is Superannuation?
3:51 How can we think about Super in a better way? 
8:12  Downsides of superannuation contributions
10:54 Why is superannuation contribution a tax structure?
12:04 Increasing your assets and retirement income using Super
17:49 Good tax strategies in superannuation
19:26 Super as a phenomenal opportunity to business owners
21:52 How insurance can be in your super?
24:27 The difference between a self-managed fund and a general super fund
30:43 How to leverage your self-managed super funds (SMSF)?
31:27 What are the types of self-managed super funds (SMSF) that are more suited to business owners?
34:25 What to consider when choosing a super fund?
37:46 Is it easy to change the type of your super fund?
39:40 Why you should not invest all your assets in a super fund?

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/
○ Business and Investing partners: https://www.businessandinvesting.com/partners

About the Guest: 
Ray Regmi is the Senior Financial Adviser and Principle of Ryker Capital (AFSL: 243313). They offer services to Australian business owners who are looking to reach financial independence and create true wealth.

With a team of degree-qualified professionals who have a collective of decades of experience, they can provide you with expertise in wealth creation, self-managed super funds, risk insurance, retirement planning and more.

To connect with Ray and the Ryker Capital Team, head over to: https://businessandinvesting.com/partners/ryker-capital/

Subscribe: 

○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing:
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 069: Ahh, the budget.
What a boring and dry topic.

It’s one of those things that I know is important but still resist.

Anyhow, this week on the podcast, Grant and I take a deeper dive into the budget and what it means for Australian business owners.

Episode Highlights:

00:00 Welcome to Business and Investing

03:02 Thinking of Australia as a business instead of a country

05:01 Rating the federal budget

09:58 The dominance of the inflation

17:52 What does it mean to have debt

27:44 The value of human resources for a country

30:05 How does the population’s growth affect property prices

38:45 Dealing with the cost of energy

42:28 Renting vs owning a home

44:53 Adjusting to the increased cost of energy

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

Resources:

○ Business and Investing website: https://www.businessandinvesting.com/

Subscribe: 

○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting

○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing: 

○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480

○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom

○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom

○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom

○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 068: This week on the podcast, Grant and I talk about doing things that compound and why it's more important than leverage alone.

Leverage will only take you so far.

Compounding is the thing that moves the needle and ultimately gets you to a point of financial independence.

Episode Highlights:

00:00 Welcome To Business and Investing
01:46 Compound And Leverage Explained
03:25 Is Obsessing Over Leverage Profitable?
06:47 The Power Of Compounding
09:24 How Affluent People Build Wealth
12:39 Overcoming Your Business’s Built-In Profit Ceiling
15:21 The Problem With Just Playing The Leverage Game
17:45 Why Many Developers Lose Money & Rob Flux’s 1-In-6 Rule
19:54 Charley’s Cheat Code To Winning At Life
24:51 Is There A ‘Best Approach’ To Building Cash Flow?
26:37 Why No One Talks About Combining Leverage And Compounding
31:36 How Awareness Affects Your Wealth-Building Decisions

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/

Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 067: So what are the power moves in a recession?

The answer is in this episode.

This week, Grant and I did a podcast on why a recession is a great time to grow a business.

If Stan is correct in his call on the upcoming recession, then this episode might just be the most important one to listen to.

Episode Highlights:

00:00 Welcome to Business and Investing
03:35 The certainty or uncertainty of an upcoming recession
05:29 Why are tough times a good option for running a business
11:05 Market share absorption
12:30 Preparing your business for tough times
14:16 Opportunities during a recession
20:07 Hiring A-players during an economic downturn
26:31 Forcing new business owners to drive innovation
30:02 How to reshape your business offers
33:10 Leveraging your negotiation skills
37:15 How your perception changes the situation
41:41 The importance of thinking long term

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/

Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 066: This week on the podcast I have brought on Ash Playsted.

A master of human behaviour and psychology when it comes to investing.

In this episode, you will learn some incredibly powerful strategies and tools to level up your own psychology.

Just my opinion here…
A business will always be limited by the business owner.

I believe most business owners would do substantially better if they invested in developing themselves instead of more business skills.

 

Episode Highlights:
00:00 Welcome to Business and Investing
01:20 Charley’s trading journey
03:29 Who is Ash Playsted, and what does he do
08:30 Trading psychology in business
12:02 The shiny object syndrome
19:08 Improving through subtraction
20:54 Handling uncertainties when you’re used to having a structure
23:11 How your past affects your future
28:46 Is survival and success only about money?
33:28 What happens when you’ve already reached your goal?
36:34 Mindfulness and identifying oneself 
44:45 The first step toward mindfulness

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

 

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/
○ Ash Playsted’s Website: https://www.ashplaysted.com/
○ Subscribe to Ash Playsted’s YouTube channel: https://www.youtube.com/c/TradingPsychologyandMindset
○ Connect with Ash Playsted on LinkedIn: https://www.linkedin.com/in/trading-psychology-master-coach/ 

Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342


Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

 

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 065: Last week I released a podcast on business profit killers.

This week, I want to talk about how YOU and YOUR life can destroy your business's profits.

In this week's episode of the podcast, Grant and I discuss the PERSONAL profit killers.

The things you do in your personal life to destroy profits.


Episode Highlights:
00:00 Welcome to Business and Investing
01:56 Why Should We Talk About Profit Killers?
03:02 Poor Health Lowers Your Productivity
06:19 How to Kill Your Profit Using Your Health
07:33 Doing Things vs. Doing the RIGHT Things
09:40 Can We Avoid Burnout?
10:56 How to Extend Your Sickness
12:14 How to Approach Life Dramas
14:09 Life Dramas: Can We Ever Get Away With It?
23:56 Fixing Your Business Problems Using Personal Development
32:09 How Can Unhealthy Relationships Affect Your Business
36:28 Getting Serious About Building Your Reputation
41:00 First Impressions Are Important (More Than You Think)

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast! 

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/

 

Subscribe:
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing:
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 064: In this week's episode of the podcast, Grant and I go over the many profit killers that businesses can have.

More importantly, we share how to avoid and fix them.

Tune in now!

Episode Highlights:
00:00 Welcome to Business and Investing
01:45 Looking into the factors that destroy your profit
03:44 Holding onto legacy clients and suppliers
11:05 Why is it difficult to get rid of what we’re used to
13:00 Reasons you shouldn’t do ad hoc services and products
17:21 Changing directions too quickly
23:46 Ring fencing new ideas
24:52 Dealing with team drama and toxicity
30:03 Is re-recruiting a wise step to take?
36:55 How much does training cost your business? 
40:47 Keeping your team when the business has changed

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/

Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.

EP 063: Into this week's podcast topic.

What is the real purpose of your business?

Are you building a business for Cash? to Sell? Impact? Lifestyle?

Or are you chasing too many options at once…

BTW… the guy in the Skype group was Grant.

It’s actually how we met ;)

If I didn’t join that Skype group the podcast wouldn’t exist!

It changed my life.

Episode Highlights:
00:00 Welcome to Business and Investing
1:50 What is the Purpose of Your Business and Wealth?
5:02 Disadvantages of Not Knowing the Purpose of Your Business
7:37 The Importance of (Re)Defining the Purpose of Your Business
9:21 The Big Reason Why You Close Your First Business
11:28 The Impacts of Redirecting the Purpose of Your Business
19:13 Why Do You Need a Wealth Goal?
27:21 Selling a Job vs. Selling a Business
34:50 Why Hybrid is a Perfect Route for Your Business?

If you enjoyed this episode, be sure to subscribe, tune in and share this podcast!

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/

Subscribe: 
○ Subscribe on Youtube: https://www.youtube.com/@businessandinvesting
○ Subscribe on Apple Podcast: https://podcasts.apple.com/au/podcast/business-investing/id1607453342

Connect with Business and Investing: 
○ Join the Business and Investing Community: https://www.facebook.com/groups/440140397804480
○ Follow us on Facebook: https://www.facebook.com/businessandinvestingcom
○ Follow us on Instagram: https://www.instagram.com/businessandinvestingcom
○ Follow us on TikTok: https://www.tiktok.com/@businessandinvestingcom
○ Send your enquiries or drop by to say hello: [email protected]

DISCLAIMER:
All information we share is NOT financial or investment advice and is purely intended for entertainment and educational purposes only. Always seek professional advice before acting on any financial decision.

Support the show: https://linktr.ee/businessandinvestingcom

See omnystudio.com/listener for privacy information.