Young Family, Small Business

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: The Top 3 Structures for Property Development Tax Implications to Consider 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.

The last few years have been ‘mental’ for business owners, from lockdowns to unpredictable demand. And we’re still not in the clear from the financial impact. In this episode, Ben Walker hosts a webinar on navigating the next big challenge: high inflation. What You’ll Learn: Why your profit might be slowly eroding (and you may not have noticed) The critical reasons why every business should be increasing their prices Practical steps to effectively increase prices with your customers

In this episode, Rizal Ramzan and Ben Walker provide valuable insights and practical advice on selling your business. They cover essential topics such as: What buyers are looking for in your business The best times and methods to share your financial information with potential buyers Tax implications of a business sale (and why it might be less than you expect) Tune in to learn how to navigate the selling process and maximise the value of your business.

In this episode, podcast host, Ben Walker and founder of Arch Brokerage, Colin O’Loughlin discuss everything you need to know about purchasing commercial property in your Self-Managed Super Fund (SMSF). Topics include: Requirements for buying commercial property in super Overview of lending requirements Step-by-step process for purchasing commercial property in an SMSF Tune in for expert advice and practical tips on navigating this complex process.

In this episode, Ben Walker explores asset protection methods to safeguard your family’s wealth as you grow your business. Topics include: Basics of asset protection Balancing risk-taking with asset protection Best practices for property ownership Structuring businesses and investments for protection Advanced strategies for maximum asset security Join us to learn essential tips for protecting your assets and ensuring your family’s financial future.

In this episode, Ben Walker delves into the critical steps business owners must take to implement an effective tax planning strategy before the end of the financial year. Tune in to discover how to maximise your tax savings legally and stay compliant with recent tax changes. Key Discussion Points: Maximising Tax Savings Legally Essential tips and strategies to minimise your tax burden. Impact of the ATO Attack on Trust Distributions (Section 100A) Understanding the implications of the Australian Tax Office’s focus on trust distributions and how it affects your business. Recent Tax Changes An overview of the Stage 3 Tax Cuts introduced by the Albanese government and how they impact small businesses.

In this episode of the Young Family Small Business Podcast, hosts Ben Walker and Rizal Ramzan provide a debrief on the Federal Budget that was announced by Treasurer Jim Chalmers on Tuesday the14th of May 2024. The discussion centres on the government’s plans to tackle inflation pressures, rising living costs, and stage 3 tax cuts. Ben & Riz dive into the specific impacts of the budget and what that means for: Small business owners Investors Self Managed Super Funds (SMSFs).

In this episode of the Young Family Small Business Podcast, Ben talked to Brendan Gibson of Anspired – Protective IT Solutions. For over 20 years, Brendan has been working in the technology space and has worked with IT Business owners to gain their efficiencies. He has got a comprehensive understanding of all things tech and a passion for ensuring your business’s IT Infrastructure that is running to the best of its ability and finding the right solutions for your tech issues. Brendan also looks at cyber security and cyber risks. Tune in to hear Ben and Brendan talk about knowing the potential risks for your business such as attacks on big organisations, data leakage, the dark web that comes with different styles of attacks, and some fixes you can do (e.g. multi-factor authentication). Aside from the Cybersecurity topics, Brendan also shares his journey of growing his business and his relationship with his wife – Louise.

In this episode, Ben interviews the Quality Assurance of Inspire, Ali Alajmi. Ali is in his 6th year with Inspire and it has been unbelievable growth for him since he joined. Ben walker threw him into the deep end, exceeded expectations, and grew his own client base. His current role is Quality Assurance and a reviewer for all jobs that get finalised at Inspire. There’s been a massive benefit to the rest of the team to have someone dedicated to this role. Tune in to hear Ben and Ali talk about what life was growing and what life looked like growing up in Bahrain, the benefits of having a QA role in Inspire, and the process on how to implement a dedicated technical reviewer or QA in your business. Get in touch with Ali Alajmi W: https://inspire.accountants/team/ali-alajmi/

In this episode, Ben Walker interviews the Marketing & Partnerships Manager of Inspire Accountants, Roze Ferrer. Roze joined Inspire in 2019 and she can confidently say that the past three years have been the most significant growth in her career and personal development. Her primary focus is not just the figures of the business, but its legacy – creating generational wealth and always prioritising family, which for people that know her, is her highest value in life. Tune in to hear Ben and Roze talk about the overview of Inspire’s own marketing strategy, and some tips on how she spends some present time with her partner. Get in touch with Roze Ferrer W: https://inspire.accountants/team/roze-ferrer/

In this episode, Ben Walker interviews the Managing Director of Employee Matters, Natasha Hawker. Natasha is a leader in the Australian HR space – as well as a sought-after speaker, author, podcaster and media commentator. Natasha’s book “From Hire to Fire & Everything In Between” is an Amazon best seller and Natasha has helped Hire, Manage and Exit thousands of employees, for businesses around the world, over the last twenty plus years. Natasha leads the Employee Matters Group in helping business owners with their people-management and has turned her attention, of late, to mentoring and advising business owners. She has also recently graduated from the Australian Company Directors course. Tune in to hear Natasha and Ben talk in the context of what’s taken place over the last two years in HR space, the concept of discretionary effort, and also some personal tips from her about working with your spouse in a business, involving the kids, and what that means for the children as well in the business. Get in touch with Natasha Hawker W: https://www.employeematters.com.au/

In this episode, Ben Walker interviews the Founder & Executive Director of HealthTechX, Yianni Serpanos. Yianni is a passionate and motivated digital health innovator wanting to make a difference to the world by helping modernise and transform healthcare with HealthTech & cultural innovation. He is building and leading a co-created and co-designed digital health innovation/ education & start up community toward a Vision of a world of integrated digital health empowerment for all people. For the last 10 years, He’s been growing an Allied Health patient & practice management software called coreplus.com.au with a mission to connect, help and grow Allied Healthcare providers across Australia using their unique Digital Health connected network approach. Yianni also produces and hosts the Reimagining Healthcare podcast for innovative Healthcare Providers, Advisers, HealthTech Developers and Investors to share ideas, insights & experiences for Reimagining Healthcare. Tune in to hear Yianni share about his business journey and the reason why he started a business around healthcare. Get in touch with Yianni Serpanos W: https://healthtechx.com.au/

In this episode, Ben Walker interviews world-renowned business coach and the Founder of Abundance Global, Dr David Dugan. He’s a co-author of “Bullet Proof Business”, a high-performance mentor and keynote speaker with over 16 years of experience. He served in the Navy as a Commander and was awarded the Humanitarian Overseas Medal for his work during the 2004 Tsunami. His innate desire to serve led him to be the founder of ‘Abundance Global’ which supports small and medium business and entrepreneurs from around the world. Tune in to hear Dr Dugan & Ben Walker speak about the difference between balance and harmony with your business and your family life, and turning your time into team, and chaos into clarity. Get in touch with Dr Dugan W: https://www.abundance.global/