Owen's 5 tips for starting a business (introducing The Australian Business Podcast)

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Australian Finance Podcast 29 min 2 speakers 2 chapters transcribed 4 months ago
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What are the key statistics about businesses in Australia?

Owen 0:00
Property investors often talk about using debt to build wealth. In the share market, that's called gearing. With the BetaShares WealthBuilder range, investors can access moderate gearing into shares, and with the newly launched GG-BL, That means exposure to a diversified portfolio of around 1,300 global companies excluding Australia, all with no loan applications, credit checks, or margin calls. Gearing magnifies both gains and losses, so it's only suitable for investors with a very high tolerance for risk. You can learn more about the WealthBuilder range of ETFs at the BetaShares website. And don't forget to read the PDS and TMD to decide if it's right for you. BetaShares Capital Limited is the issuer.
Owen 0:45
Here's something worth knowing if you've been meaning to make the switch to a better broker. To celebrate their fifth birthday, Perla are offering three free trades a month for five months if you transfer your portfolio across with a minimum of $1,000. For anyone investing regularly, that's meaningful savings on brokerage that can stay invested instead. Perla is chess-sponsored, built specifically for long-term investors, and now has over $3 billion invested on the platform. If you've been with a platform that doesn't quite fit your strategy anymore, it might be time to take a look. You'll find all of the details at perla.com slash LP slash RASC. That's perla.com slash LP slash RASC. Kate Campbell, welcome to this episode of the Australian Finance Podcast.
Kate 1:46
It is wonderful to be back to announce a pretty special new podcast.
Owen 1:50
Yes, the long-awaited Australian business podcast is officially in your podcast player.
Kate 1:56
It is very long-awaited. I mean, I think you were trying to start this January 2021.
Owen 2:00
Yeah, so this is 18 months in the making. So we did one episode. I can't remember when that was. Actually, it was a while ago.
Kate 2:09
It came out in January 2021. Okay, so you know that.
Owen 2:12
Okay, so here we go.
Kate 2:13
I looked that up. But I think it's a good example of the fact that starting and running a business is a marathon and not a sprint. And that is definitely the case in our world. For the brand new Australian Business Podcast, you can find it on Spotify, Apple Podcasts or your favorite podcast players. We will give you a little taste in today's episode. Owen's going to share a little bit of his own journey, a bit about what the podcast and the new free business course that is highly awaited as well because we launched it.
Owen 2:40
Yes.
Kate 2:40
A way before it actually existed.
Owen 2:42
We had, before we launched the course, we had 1500 people enroll in it.
Kate 2:48
Yes.
Owen 2:48
And there was nothing in it. There was nothing in it. It was a shell of a course. It was an empty soul of a course. But it actually, you know, it's super important. So after that, we did that episode a little while ago. So many people reached out to us and said, I really want to hear more of this. I'm thinking of starting a small business. I have plans to go into business for myself. I want to run my own business. I want to be a contractor. I want to be a freelancer.
Kate 3:17
Or I just want to understand businesses better to invest in them. So how all the mechanics work.
Owen 3:23
Absolutely. And then there's a heap of people that are in businesses. They run their own business or they're a manager and they kind of feel lost. So it can be a very... Like if we say finance is a solo journey, I think running a small business is probably even more so because... every business is unique yeah and so we think to ourselves when we run a business well there's no one that can really help me and or i've got to figure it out or i've got to take it on and that happens so much in small businesses especially when you're the only employee at the very start yeah the very start you're the one that lays the groundwork decides on the strategies for you wear marketing hats you wear a hr you are the tax person you just do it do it all
Owen 4:06
So, the idea behind the Australian Business Podcast, which you can look it up in your podcast player right now and subscribe. If you're on Apple Podcasts, you can just look it up while you listen to this and hit subscribe.

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