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Business Q&A: a lawn mowing side hustle, 2 businesses: 1 ABN, how to make acquisitions, and should I buy or build a laundromat?

Welcome to the first Q&A session on The Australian Business Podcast! Business experts Owen Rask, Danil Goloubev and Jordan Kidis answer your questions!

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About this episode

The Australian Business PodcastĀ is proud to announce our first-ever question and answer (Q&A) session!

Your host Owen Rask is joined on The Australian Business Podcast by tax, accounting and small business experts Jordan Kidis & Danil Goloubev from Grey Space Advisory to answer your questions.

Some of the topics covered in today’s business Q&A, include:

  • Can two businesses share an ABN?
  • I have a laundromat and car wash, should I buy or build a new one?
  • I’m studying for a master’s degree, but I’ve been approached to buy a business. It’s an established lawn mowing business and I was thinking of employing someone. Is this a very bad idea?
  • What key risks and opportunities should I think about when doing a business merger?
  • Help! I’ve been approached by a competitor to merge. How can I weigh this up?

Got a question for The Australian Business Podcast team? Click here to ask it.

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šŸ“ˆ Free online business community – InflectionĀ 

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.

āœ… 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.

šŸ°Rask – Get Owen’s best investing research

The Australian Business Podcastā€™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.”Ā 

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Grey Space Advisory is a long-term sponsor of The Australian Business Podcast.

Information warning: 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 donā€™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 ourĀ Terms & ConditionsĀ andĀ Financial Services Guide before using this website.

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