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Business By Design
Business by Design is the podcast for owners who want to start, scale or exit a business. Each week, Stuart Wemyss and Mena Abraham unpack the four things every business must get right: value, engine, reach and team. Using the VERT flywheel, they show how these fit together to build a business that runs without you, and how the choices you make inside the business flow through to your personal wealth, lifestyle and exit options. Every episode is short and to the point, with no fluff and no sales pitches. Go to https://www.vertflywheel.com
Episodes
204 episodes
Ep 54: Best way to use your business build personal wealth
In this episode, Mena and Stuart discuss how we typically advise our clients to use their business to build personal wealth, including: Making sure you have a distribution strategy Super: don’t ignore it.
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Ep 53: Key financial ratios to measure the health of your business
In this episode, Mena and Stuart discuss several financial ratios that you can use to monitor the health of your business, including: There’s no point having a good accounting system if it doesn’t give you useful and actionable info...
Ep 52: Capital raising for your business
In this episode, Stuart and Mena discuss alternative methods of raising funds considering increased interest rates, including:Convertible notesFixed price equity Equity and loan How to choose the...
Ep 51: Did you have to pay more tax on super contributions (Div. 293 tax)?
In this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including: What is Div. 293 tax and when does it applyIs it still worthwhile making additional contributions?
Ep 50: Should you employ contractors or employees?
In this episode, Mena and Stuart discuss whether staff will be deemed contractors or employees, including: The 7 guidelines that the ATO sets out to determine whether the staff member is an employee or contractorFair W...
Ep 49: Tax bonuses and incentives for business in FY23 and FY24
In this episode, Mena and Stuart discuss 3 tax incentives that are available for businesses in the FY23 and FY24 years, including: The technology investment boost – which will need to be included in your FY23 tax return. See
Ep 48: How to choose a great accountant – an insiders perspective
In this episode, Mena and Stuart discuss what they think makes a great accountant, including: The difference between a satisfactory accountant and a great one can be huge. A great accountant will save you more than they will ch...
Ep 47: The pros and cons of holding investments in a family trust
In this episode, Mena and Stuart discuss the pros and cons of using a family trust to own your investments, including: What is a trust? The main pros and cons The downsides for holding direct propert...
Ep 46: Tips for managing a happy and productive team
In this episode, Mena and Stuart share their tips and strategies for managing a happy and productive team, including:You can’t run a great business with unsuitable people Keeping someone that is not thriving in their ...
Ep 45: Simple things you can do that produce big results
In this episode, Mena and Stuart discuss some simple things you can do or steps you can take to dramatically improve your business, including:Spend 30 min on ‘the numbers’ per weekImprove management reporting and insights e...
Ep 44: How businesses can navigate high inflationary environments
In this episode, Mena and Stuart discuss how to deal with the challenges that high inflation is causing business, including:High inflation can have a big impact on profitability How some businesses are navigating highe...
Ep 43: How to own investment properties – trust, company, personal name, etc.?
In this episode, Mena and Stuart discuss the factors to consider when structuring the ownership of investment properties, including: Tax considering include income tax, CGT, and land taxYou must consider future plans
Ep 42: What to consider when buying into a business
In this episode, Mena and Stuart discuss the factors to consider when buying into a pre-existing business, including: How to value the share of the business Consider whether your business partners are aligned ...
Ep 41: When should you start employing staff?
In this episode, Mena and Stuart discuss when a small business should start employing staff I.e., what to consider, including: Why delaying employing staff so that you can optimise your systems and process is often the best ap...
Ep 40: Is it worthwhile engaging a business coach?
In this episode, Mena and Stuart discuss what a business coach does and whether they are worthwhile, including: The importance of accountability Better/different perspective & sounding board B...
Ep 39: 2023 tax planning ideas and tips
In this episode, Mena and Stuart discuss the common tax planning matters that you should consider prior to 30 June, including: Completing trustee minutes and dividend declarations Super contributions – when, how m...
Ep 38: What tax deduction am I entitled to as an investor?
In this episode, Mena and Stuart discuss tax deductions investors can claim, including:What expenses are considered capital and how they are treatedAre educational costs deductible? Subscriptions and financial...
Ep 37: What is a service entity and when should I use one?
In this episode, Mena and Stuart discuss what factors what a service entity is and when to use one including: How service entities are structured The benefits that service entities generateWhat types of b...
Ep 36: Should you own your business premise?
Mena and Stuart discuss what factors you must consider when deciding whether to buy the property that you use to operate your business. The first question to ask yourselfHow to own the property Why commer...
Ep 35: Beware: Unknown payroll tax liabilities
Mena and Stuart discuss how state governments are targeting business to raise more payroll tax revenue including:What types of businesses are they targetingWhat is the government argumentWhat action can businesses ...
Ep 34: Tax incentives for business people to buy an electric vehicle
Mena and Stuart discuss the tax incentives resulting from self-employed people buying electric vehicles in their businesses name including:Which vehicle that the incentives apply toWhat benefits are available?
Ep 33: Tax minimisation opportunities for PAYG employees
Mena and Stuart discuss what PAYG employee can do to minimise tax including: The importance of focusing on maximising wealth after-tax – not just saving taxNegative gearingMargin lendingSuper contribu...
Ep 32: Are holiday homes tax-effective investments?
This week, Mena and Stuart discuss the tax consequences of renting out your holiday home including: How the ATO is targeting these arrangementsRecording keeping and proof that the property is available for rent