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6 things no-one told us about business (but I wish they did!) ft. Grey Space Advisory

On The Australian Business Podcast Owen Rask, Jordan Kidis & Danil Goloubev share the 6 things you should know about running a business -- ideally before you start.

Listen to the Australian Business Podcast now

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:

  1. Be ready to be switched on 24/7
    1. Your best ideas come at the most random times. Whether working on the business or taking customer calls 24/7.
  2. It can be a very lonely road
    1. Business plans can change, unexpectedly, and only you will ‘get it’. Co-founders can help. So too is writing to yourself.
  3. Wearing all the hats becomes impossible at a certain stage
    1. 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.
  4. Be ready to make fast decisions and pivot quickly
    1. Your business is often wrong. Things get in the way of bold ideas. Find ways to adapt.
  5. It’s a marathon and not a sprint
    1. Make your business anti-fragile, and focus on survival. To finish first, you must first finish.
  6. Surround yourself with like-minded people
    1. While having good people around you sounds lovely, always have one or two people who will challenge you. This is healthy.

Send us your business questions for this weekend’s episode

Anyone can send us questions… that means you! Click here send Jordan, Danil and Owen a question to answer on air. Just select “The Australian Business Podcast” when prompted.

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Amazing deals go below 👇

📈 Free online business community – Inflection 

Zara, Owen, Jordan and Danil are proud to invite you to join our free online business owners community. Filled with videos, PDF downloads, daily discussion and more, you can join now for free to unlock episode resources and goodies. Click here to join us online.

✅ Grey Space Advisory – snag a $100 health check

Do you get stuck worrying about your business’ finances? Or what needs to be paid to ATO, employees, Super funds and so on? The Australian Business Podcast is proud to announce that our sponsor, Grey Space Advisory, is offering all business owners a financial health check.

Jordan and Danil’s expert team of accountants will conduct a review of your tax structure, bank setup, ATO obligations and reporting, business insurance and provide some advice on how to manage all of this — for just $99! You can book a $99 health check with the Grey Space Advisory team and tell them Owen sent you.

🏰 Rask – Get Owen’s best investing research

The Australian Business Podcast’s official sponsor is Rask, our very own company. We empower hundreds of thousands of investors around Australia, whether you’re new or have been investing for 40 years. You can take an investing course on Rask Education to discover how Owen carefully researches small or blue chip companies, or become a premium Rask member today to speak directly with Owen and see what he is investing in.

As Warren Buffett famously said, “I am a better investor because I am a businessman, and a better businessman because I am no investor.” 

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The information on this website and in our podcasts is general financial advice only. That means, the advice does not take into account your objectives, financial situation or needs. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. Please read our Terms & Conditions and Financial Services Guide before using this website.

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