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.
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Market Outlook for 2021 - Vanguard and Vaneck's forecasts and what they might mean for you if they're right - Episode 181
How to increase your returns by over 5% - Episode 180
Money Management for Couples - Joint everything, or keep your finances separate? - Episode 179
How can you invest in your career - with Emily & Shelly from My Millenial Career - Episode 178
Year in review, and what's coming up in 2021 - Episode 177
CASE STUDY - How Financial Autonomy community member Jason Watts Gained Choice in rural Victoria - Episode 176
Are these Side Hustle Obstacles Holding You Back? - Episode 175
Property management for investors with Jeremy from RentBetter - Episode 174
Why has ESG investing shone in 2020? - Episode 173
Property - Yes or No?
Post election US Market Update with Amy Irvine in New York - 171
Property Market Update - Episode 170
Which Financial Independence Pathway is right for you? - Episode 169
CASE STUDY - Ryan Helms - Debt Slayer - Episode 168
What's the data telling us about the Australian Property Market with Pete Wargent - Episode 167
Is it time to gear into shares? - Episode 166
CASE STUDY - From employee to partner - Alex's journey to gaining choice via the self-employment pathway - Episode 165
Why (and how) I wrote Financial Autonomy - the money book that gives you choice - Episode 164
Market Update from the largest fund manager in the world - Blackrock - Episode 163
How to use a Core/Satellite Strategy in your share portfolio - Episode 162
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