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Radical Personal Finance

31: Basic First Steps to Starting a Business

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.41.9K Ratings

🗓️ 30 July 2014

⏱️ 33 minutes

🧾️ Download transcript

Summary

I was recently speaking with a friend of mine who is in the process of starting a business. I was answering some of his questions when I realized how daunting it can be to start a business if you haven’t done it before. And how simple it seems after you’ve done it.

Transcript

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0:00.0

Radical Personal Finance Podcast for today, Wednesday, July 30, 2014.

0:27.0

I'm your host, Joshua Sheets, and today we're going to be talking about business,

0:31.0

specifically starting one. One of my favorite topics in case

0:35.0

you can't tell from previous episodes and I'm just going to give a few tips and ideas

0:38.9

for practically how do you start a business?

0:43.0

Unfortunately, it's a subject they don't teach in school, so we're going to start teaching

0:46.2

in here today.

0:50.3

This podcast is actually the result of some recent conversations with a friend of mine who

0:57.5

was just starting a business of his own.

1:00.3

And when we were talking, he was, I was trying to give him some ideas and some tips and we started talking about a few of the details surrounding business startup and I realized that I don't know why I don't know why I haven't realized this in the past but I realize that you know we don't

1:15.2

talk a lot about business and about starting about starting businesses how to start

1:20.6

businesses and it's, I was reflecting back

1:23.2

on the book that Jake DeSylus wrote on entrepreneurship

1:27.7

and was just reflecting on why that is.

1:30.1

And the reality is that most of our teachers in life, in formalized schooling, most of our

1:36.7

teachers are employees.

1:38.4

They're employees of the school board, of the, or of a private institution and so I thought well it's no

1:45.9

shock that we don't know how to start business but that was just reflecting on

1:49.6

and speaking with my friend I was I was just reflecting on how valuable just some basic

1:55.4

knowledge about how to start a business would be and can be and there are lots of

2:00.0

books lots of excellent books that are written about this that I think are well worth reading and I'll try to maybe

2:05.9

at the end of the show if I can remember a few of the ones that I've really enjoyed over the years.

...

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