EP 062: This week on the podcast, Grant and I are covering more Q&A from the community.

Including the question

“How much house is too much house?”

A question all business owners should consider…

If you would like the hear the discussion, tune in to this episode now.

Episode Highlights:
00:00 Welcome to Full Stack Business Owner
02:17 How much is too much house?
05:40 Reasons people get massive and expensive houses
12:58 Decision-making through calculating time and costs
17:33 The recommended ratio between your residence and net worth
20:53 What happens when you buy too much house
24:21 Do 90% of business owners fail in the first five years?
29:13 Fear and overconfidence in business
35:07 Learning by failing
39:25 Being a continuous learner
41:17 The mindset that drives business success

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


Resources:
○ Business and Investing website: https://www.businessandinvesting.com/
○ Ep 15: Looking Rich vs Being Rich: https://businessandinvesting.com/ep-015-looking-rich-vs-being-rich/

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 061: This week on the podcast, Grant and I are doing some Q&A.
Covering questions from the community (Yes, you.)

My favourite question on this round was.
“What does a healthy business look like?”

If you have a question for future episodes, send us an email.

I enjoy hearing from you and the questions you have!

Episode Highlights:

00:00 Welcome to Business and Investing
02:38 What a healthy business looks like
08:12 Evaluating profit margins for a healthy business
15:00 How to improve profit margin in business
19:24 Putting in the effort to understand your metrics
23:01 The profit margin to help scale your business
27:43 Effective strategies for recruiting great employees
33:24 Promoting employees in your organisation
36:30 Considering cash buffers before recruitment
41:22 Weighing your applicants
50:20 When is the right time to hire?
55:19 The best way to train a new talent

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 060: This week on the podcast, I have brought on Toni Versic.

Toni specialises in helping business owners with their relationships.

Really what he does is help business owners not do dumb things like I did in the above story.
And… help them fix their relationships if they have done some dumb things like me.

What I love about this episode…

Toni gives away some strategies that are easy to implement today and will yield a big win in your relationship.

Part of being a FULL STACK business owner means having a great home life.
Many business owners end up getting taken for half of what they worked so hard to build and finish their remaining years broke and alone.

DO NOT ignore your relationships as a part of your full stack journey.


Episode Highlights:
00:00 Welcome to Business & Investing
01:09 Learn about Toni Versic and what he does
03:19 The highest-risk asset for business owners
07:52 Signs to look out for if your home life is taking a downturn
12:45 Focusing on self-improvement for the business
15:55 How to get back on track with your health and relationship
19:44 Balancing multiple areas in your life as a business owner
28:55 Why communication is the key to connection
36:41 Improving relationship with your kids
43:15 Dealing with uncertainties from your partner
51:02 Get in touch with Toni Versic

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

Resources:
○ Business and Investing website: https://www.businessandinvesting.com/
○ The Empowered Man website: https://www.elitebusinessman.com/
○ The Empowered Man Method on YouTube: https://www.youtube.com/ToniVersicTalks
○ Free Video: Day 6 - Connection in Relationships: https://vimeo.com/738794703

About the Guest: 
Toni Versic is the CEO and Coach for The Empowered Man Method, a proven roadmap to help men become the best husband, father, and business owner. He aims to help career-driven men become more successful in business without sacrificing their health or relationships.

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 059: This week on the podcast, Grant and I discuss this topic in more depth.
“The unexpected impacts of being financially independent”

I wanted to go into a bit more detail on how my life has changed since becoming financially independent.

Shed some light on what it’s really like.

I hope it encourages you on your own journey, and it doesn't come across as some rich asshole preaching.


Episode Highlights:
00:00 Welcome to Business & Investing
02:03 Business owners in a grind loop
05:43 Financial independence versus retirement
10:06 The perks of being a financially independent business owner
16:58 Achieving financial independence: a progressive journey
23:40 Approaching wealth creation when you're financially independent
29:53 Generating wealth outside of business
33:44 How financial freedom leads to better health
39:33 Less pressure and more enjoyment in personal life
45:04 Being better with family and relationships

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 058: This week on the podcast, we have Matt Williams, our resident bookkeeper.

We do a deep dive on setting up your reports to match your goals and how to get dialed in with your bookkeeper to get the reports you need.

Consider this a great place to start with improving your financial skills
(and a great tune-up for those who know the basics).


Episode Highlights:
00:00 Welcome to Business & Investing
02:06 Having a quality bookkeeper for your business
03:36 Bookkeeper horror stories
11:22 Getting started with your bookkeeper
18:24 The value of being transparent with your bookkeeper
22:50 How a good financial report should look like
30:43 Choosing the right financial reporting cycle 
37:42 The essence of looking after your cash flow
43:42 Signs that you're not getting good financial reports
47:37 Reach out to Matt and Platinum Financial Services

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://businessandinvesting.com/partners


About the Guest: 
Matt Williams is part of Platinum Financial Services which focuses on providing business owners with the best bookkeeping service across their business, investments and personal income, which allows you to concentrate on more significant aspects of your business.

They completely reconcile all of your financials and help you understand your numbers so you can make the right decision for your business based on evidence, not opinions.

To connect with Matt and his experienced team of bookkeepers, head over to: https://businessandinvesting.com/partners/platinum-financial-services/

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 057: When I was three years into business, I thought all business problems could be solved with marketing and sales.

I was so certain the more I focused on these activities, the better my business would do.

I mean, it makes sense, right?
If I want to make more $$$, then doing more marketing and sales would surely solve that.

If I could go back in time, I would focus much more on these four things.
- Business model
- Moat (strategic advantage)
- Pricing
- Innovation (riding the trends)

And this week, that's what we discuss on the podcast.

Grant and I dig into each of these four elements and explain how each of these could be the thing to unlock the next level in your business.


Episode Highlights:
00:00 Welcome to Business & Investing
01:07 What's stopping business owners from hitting their wealth goals
05:52 Creating the right business model
10:01 What makes a better business model
15:59 Leveraging your business model
19:34 Building a moat around your business
23:33 How to create a competitive moat for your business
30:57 Correct pricing in business
37:15 Delivering value in your products or services
39:55 Business innovations
47:47 Innovating by combining and franchising

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 056: This week on the podcast I have Goose McGrath on for part 2 of our podcast:
“The Danger of Following the Crowd”

We dig heavily into more discussion around the danger of following the masses.
More importantly, where the masses have it wrong today.

PS: I highly recommend you read Howard Marks memos.
They are free and up on his website.

You will become a better business owner and investor for reading them!


Episode Highlights:
01:42 Here’s how you can beat interest rates 
05:15 Covid era drops building approval rates 
10:37 Soup up your portfolio to change the game
13:17 Playing business to win
21:01 Why waiting is often a better idea
30:08 Everything is transitory
33:01 The bellwether mindset

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://businessandinvesting.com/partners
○ The Investor Lab: https://theinvestorlab.com.au/


About the Guest:
Goose McGrath is the CEO of Dashdot, a property investment firm helping business owners build prolific, profitable property portfolios. They specialise in sourcing properties that are under market value, cashflow positive and have strong growth and value add potential. 

Get a special discount from Dashdot when you get in touch with them through:
https://businessandinvesting.com/partners/dashdot/

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 055: In this week's episode of the podcast, I have brought on a good friend of the show, Goose McGrath.

This episode will absolutely challenge what the masses are thinking and doing.

I was considering not publishing it as I'm sure we will get some haters leaving mean comments.

But... Goose backs his opinions up with data.

And… He makes some damn good points.

There are some serious flaws in what the masses are being told today.

Make sure you check them out in this episode.


Episode Highlights:
01:04 Get to know Goose McGrath
05:05 Do property prices go down when interest rates go up?
08:47 Impact of change in interest rates to property prices
12:41 The Australian property market at present
17:40 Media narratives versus reality in business and investing
21:46 A theory on circulating negative news
25:19 Factors why property prices in Australia dropped
31:02 Goose's reliable team of experts

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://businessandinvesting.com/partners
○ The Investor Lab: https://theinvestorlab.com.au/


About the Guest:
Goose McGrath is the CEO of Dashdot, a property investment firm helping business owners build prolific, profitable property portfolios. They specialise in sourcing properties that are under market value, cashflow positive and have strong growth and value add potential. 

Get a special discount from Dashdot when you get in touch with them through:
https://businessandinvesting.com/partners/dashdot/

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 054: This week on the podcast, Grant and I discuss our next investment moves and how we approach making better investment decisions.

I share my process of gathering information and taking responsibility for my actions.
(You might find it similar to the story above about the Fajitas.)

We also share what we are getting up to when it comes to investing for ourselves.
(NOT FINANCIAL ADVICE! PLEASE SEEK OUT QUALIFIED ADVISORS.)

Also…Does anyone else enjoy cooking?

How do you unwind and relax?

Send an email and let me know!


Episode Highlights:
00:00 Welcome to Business & Investing
02:54 Exploring the investment side of things
04:24 Why more is not always the answer
11:06 The art and option of not doing anything
12:59 A powerful three-step strategy you need to know
17:18 Understanding the many ways to build wealth and how other people do it
23:16 A rare financial advice from our podcasters
24:17 Asking questions is imperative in forming your own opinion

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 053: Building wealth is not just about building it, it’s also making sure that you keep it.

As many of you know, this topic is close to my heart as my father (a fellow business owner) had a workplace accident.

He was not properly insured and lost everything.
It was devastating for him and horrible for our family to go through.

Part of the reason I am so driven with finances is to make sure what happened to my father does not happen to me.

And hopefully, I can help many of you avoid that pain.

To help with this topic, I have brought Ray Regmi on the podcast to talk about personal insurance.

I know a part of you won't want to listen to this episode.
As insurance is boring AF.

But, it could be the very thing that helps you the most.

Please make sure you connect with a qualified EXPERT on insurance and get the coverage.


Episode Highlights:
00:00 Welcome to Full Stack Business Owner
01:25 Why getting an insurance policy is essential
02:57 Common mistakes people make about 
07:46 Who to look for when getting a personal insurance
09:34 Variables to consider before getting an insurance policy
14:57 Evaluating personal and financial situations
19:04 Does the super rich need personal insurance?
20:06 Reviewing your personal insurance
23:34 Getting insurance: the earlier, the better
24:22 Types of personal insurance
28:48 Receiving claims
34:33 Get in touch with financial adviser Ray Regmi

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


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

About the Guest: 
Ray Regmi is the Senior Financial Adviser and Principle of Ryker Capital.

Ryker Capital (AFSL: 243313) offers 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.