Australian Business Podcast is back on the airwaves and this time. Owen Rask is joined on The Australian Business Podcast by accounting experts Jordan Kidis & Danil Goloubev from Grey Space Advisory to share the 6 things you should know about running a business — before you start.
Here are the 6 things Owen, Danil & Jordan have identified:
- Be ready to be switched on 24/7
- Your best ideas come at the most random times. Whether working on the business or taking customer calls 24/7.
- It can be a very lonely road
- Business plans can change, unexpectedly, and only you will ‘get it’. Co-founders can help. So too is writing to yourself.
- Wearing all the hats becomes impossible at a certain stage
- How did you know? You start leaving things out and putting them to the side “I’ll do it tomorrow” then tomorrow never comes — it’s endless cycle. For Danil & Jordan it was marketing.
- Be ready to make fast decisions and pivot quickly
- Your business is often wrong. Things get in the way of bold ideas. Find ways to adapt.
- It’s a marathon and not a sprint
- Make your business anti-fragile, and focus on survival. To finish first, you must first finish.
- Surround yourself with like-minded people
- While having good people around you sounds lovely, always have one or two people who will challenge you. This is healthy.
Grey Space Advisory – snag a $100 health check
Rask – Get Owen’s best investing research
