The starting point is to consider why you might choose to be a business owner. Certainly it's not the right option for a lot of people. There's risk, extra stress, and a requirement for a broad skill set. A great analogy I think is comparing a decathlete at the Olympics to an athlete in a single pursuit. A decathlete isn't good enough to be a gold medalist in any one single event. But they are better than average across a whole variety of events such that when they combine their results they produce an impressive outcome.
A business owner needs to be like a decathlete. They need to be able to understand marketing, the finances, people management, planning, pricing and operations.
If you are the Usain Bolt of you are field, then chances are you're better off as an employee than a business owner. As an employee you can just focus on doing what you're good at, and let others worry about all the other cogs in the machine. Pursuing the business ownership path is best suited to the all-rounder.
[Website]
[Disclaimer]
What's a Reasonable Price to Pay For an Investment Property?
Case Study with Dan McCutcheon
Why is Record Low Unemployment a Bad Thing? What is Driving Markets Right Now?
How to Manage Sequencing Risk
3 Tips to Rapidly Accelerate Your Wealth Creation
Exploring the Intersection of Psychology and Money with Psychologist Parris Davenport
What Can We Learn From Past Market Downturns?
Market Update with Victor Huang from Milliman
What Are Franking Credits and How Do They Work?
Mind Over Money - Evan Lucas
Holding your nerve when markets are down
Strategies and Opportunities in a Rising Interest Rate World
This property buyers agent runs his Australian business from the other side of the world
Wrong! - 3 Things I Got Wrong
Tax
Ice Cream FI - Mark Hutchins
Understanding Superannuation Contributions
Family Trusts Deep Dive
How To De-Stress Your Personal Finances
What's on Australians minds right now with Glen James from My Millennial Money
Create your
podcast in
minutes
It is Free
The Meaningful Life with Andrew G. Marshall
Heal, Survive & Thrive!
A Voice In The Darkness
The Jordan Harbinger Show
BPLUS بیپلاس پادکست فارسی خلاصه کتاب