In this episode, Ben and Nathan dive into a hot topic that’s gaining traction among small business owners: allowing employees to buy into the business. This option is becoming increasingly popular, with more clients asking about and pursuing it. But is it right for your business?

Tune in as we explore:

• The benefits to both the business and its team members, from fostering loyalty to enhancing growth potential.

• The accounting and tax considerations that business owners need to keep in mind, ensuring you’re prepared and compliant.

• The legal implications and key points to consider before allowing employees to buy in, from structuring the deal to navigating complex agreements.

Whether you’re thinking about making this move or just curious about the possibilities, this episode is packed with valuable insights.

With rising staff wages and a shortage of job applicants in Australia, many business owners are feeling the pressure. It’s time to think outside the box and explore how A-grade virtual assistants can significantly reduce labour costs and drive business growth.

In this episode, Ben sits down with Rejin Rajan and Darshan Chavan, founders of Scale-X, a company recognised in the AFR Top 100 fastest-growing companies in Australia in 2022, built entirely through an offshore team. They share their insights on how to successfully integrate virtual assistants into your business to boost ROI and propel growth.

Tune in as we cover:

• How to identify ‘A’ players offshore using unique profiling strategies.

• How to create effective daily actions and systems to scale your offshore team.

• How to maximise ROI and achieve tangible results with virtual assistants.

If you’re looking to cut costs, overcome hiring challenges, and supercharge your business with a virtual team, this episode is for you!

Join us for an engaging discussion that could transform how you approach staffing and scaling your business.

There’s no time like the present to protect the future of your family and business through effective Estate Planning and Asset Protection. In this episode, Ben Walker is joined by Sakshi Sareen and Reggie Guzman from Inspire Accountants to delve into this critical topic.

Join us as we discuss:

• Why estate planning is often overlooked and how your estate may now be worth significantly more than it was just a year ago.
• The risks facing business owners today and why these risks have increased recently.
• An overview of estate planning, including essential documents beyond just a will (Hint: It’s more comprehensive than you might think!).

Take proactive steps to safeguard your family’s legacy and ensure your business’s stability. Don’t miss this opportunity to gain valuable insights and prepare for a secure future.

In today’s rapidly changing economic landscape, inflation is a major factor that can significantly impact your wealth-building strategies and goals. In this episode, Ben Walker is joined by Nick Webb, a seasoned Financial Adviser and Founder of Milenia, to discuss how to build and preserve wealth during times of inflation.

Tune in as we explore:

• The importance of asset allocation and its impact on long-term investment returns.
• Strategies for navigating investments in different economic climates.
• The role of diversification in creating a well-constructed investment portfolio.
• How human biases can affect investment decisions.
• The ongoing active vs. passive investment debate and the challenges of trying to “beat” the market.

Join us for an in-depth discussion filled with actionable insights to help you make informed financial decisions in an inflationary environment.

Don’t miss this opportunity to learn from the experts and fine-tune your approach to wealth building!

As your business grows, so does the complexity of your financial and tax structures. In this episode, Ben Walker discusses a significant challenge many business owners face: Division 7A loans.

Join Ben as he covers:

• How Loan Repayments are Calculated: Understand the methods for calculating repayments under the new Division 7A interest rates to ensure compliance and avoid unexpected costs.

• Pitfalls of Commonly Accepted Solutions: Learn about the drawbacks of the most common approaches to managing Division 7A loans and how to navigate around them.

• Long-Term Strategies to Avoid Division 7A Loans: Discover proactive strategies to reduce reliance on Division 7A loans, keeping your business finances in check.

• Using Bucket Company Money for Investments: Explore the structures for using bucket company funds to invest in shares or property, providing potential growth opportunities for your business.

• Strategies to Navigate Increased Interest Rates: Gain insights into managing the financial impact of rising interest rates on your loans and business.

In this episode, Ben Walker dives into the exciting world of property development. With many clients exploring various types of developments—from land subdivisions and duplexes to knock-down rebuilds, spec homes, and splitters—this episode is packed with valuable information.

Ben will cover:

1. The Top 3 Structures for Property Development

2. Tax Implications to Consider

3. Creative Funding Solutions

Whether you’re just starting out or looking to expand your property development portfolio, this episode offers practical advice and expert guidance to help you succeed.

Tune in now to learn more about building wealth through property development!

Join Podcast Host, Ben Walker and Special Guest, Sean Soole for this empowering episode and learn how to transform your business from a one-man show into a thriving enterprise that allows you the freedom to live the life you desire.

Many entrepreneurs start their businesses as experts in their craft, yet often lack the skills to build and grow their businesses effectively. Too many business owners find themselves stuck in a cage of their own making. The good news is that you have the key to unlock it and create the life you want.

Episode Highlights:

• Transitioning to High-Value Tasks: Learn how to shift from performing $25/hour tasks in your business to focusing on high-value activities that drive growth and success.

• Strategic Planning & Execution Framework: Discover the power of using a structured Strategic Planning & Execution Framework to streamline your business operations and achieve your goals.

• Proven Business Fundamentals: Understand how to implement fundamental business principles to create a self-sustaining business that can thrive without your constant involvement.

In this episode, Ben Walker dives into the powerful benefits of Self-Managed Super Funds (SMSFs) and why they have been a cornerstone of Inspire Accountants’ strategy since they started in 2013. SMSFs are particularly advantageous for business owners, offering a unique opportunity to grow family wealth and expand businesses simultaneously.

Episode Highlights:

• Introduction to SMSFs: Discover why Inspire Accountants are such strong advocates for SMSFs and how they have become a key part of their financial strategies for clients.
• 8 Reasons to Love SMSFs: Ben goes through the top eight reasons why SMSFs are a fantastic choice for managing super and securing financial futures.
• Leveraging SMSFs for Business Owners: Learn how business owners can utilize their SMSF to significantly boost their wealth and support their business growth.
• Strategies to Boost Your Super Balance: Explore some lesser-known strategies to enhance super balances and maximize retirement savings.
• Recent Updates on SMSFs: Stay informed with the latest updates from the federal budget and how they impact SMSFs.