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Ben Walker, Founder of Inspire Life Changing Accountants, deep dives into conversations with experts in small business, raising a young family, or are shining examples of mastery in both!
45 Episodes
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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, Ben interviews the Founder of Five by Five, Jon Hollenberg. Five by Five is Australia’s highest rated Digital Agency specialising in providing a customised digital solution for clients. Their services range from web design, web development, SEO, Google ads, and website hosting & support. Jon is a published author and has been in business for 16 years and got a team of almost 40 people across the Gold Coast and in the Philippines. And they've delivered thousands of websites over the years. Tune in to hear Jon talk about building a relationship with your spouse, and how he found awesome value in The Gottman Method for helping relationships. He also shared some tips from growing from 4 to 40 team members and the importance of building other leaders around you.Get in touch with Jon - W: fivebyfive.com.au
In this episode, Ben interviews inspirational author, writer, and speaker, Emily Gowor. After overcoming depression at the young age of 19, Emily devoted her life to bringing writing and inspiration to the world – and she has now spent more than 15 years helping people to live an extraordinary life.
She is the author of more than 11 books on the topics of self-help, entrepreneurship, and writing – including Born Great. Emily’s writings, programs, projects and speaking presentations have touched and moved thousands globally as she inspires people to reach for more.
Her purpose-finding tool, the Inspiration Formula, is licensed to consultants around the world who are dedicated to showing clients a lasting glimpse of their destiny on Earth. Tune in to hear Emily talk about how to boost your personal brand through writing and speaking, how helpful time blocks are for your day, and the importance of personal wellness.
Get in touch with Emily - W: www.emilygowor.com Instagram: @emilygowor
In this episode, Ben interviews the Founder of Ultimate Physio, Nick Schuster. Nick is a physiotherapist by trade, and 5 years ago started Ultimate Physio, a consulting business which provides educational products and services to owners of physiotherapy clinics.
Tune in to this episode to hear Nick discuss his learnings after loosing 2/3 of his team and what he implemented as a result to improve retention, and how he transitioned from being a Physio, to training other Physio clinic owners.
Get in touch with Nick -
Website: https://www.ultimate.physio/
In this episode, Ben interviews the Founder of Envirosmart Group, Steve Clark. Envirosmart is a manufacturer of spill response products, secondary containment, stormwater and flood management products.
Hear Steve talk about how he started his business from his garage and built it into a global company with offices in Perth, Singapore, Malaysia and the USA.
Get in touch with Steve -
Website: envirosmart.com.au
In this episode, Ben interviews co-founder and Director of Arch Brokerage, Colin O'Loughlin. Arch Brokerage specialises in helping everyday people purchase property, and while they've only been operating for two years, they have successfully settled just shy of $100 million in settlements.
Colin was also a finalist for Best Newcomer of the Year in 2019 & 2020 at the Adviser Mortgage Broking Awards. Hear from Colin talk about his experience launching a business with a young family, his expertise around buying property, and the importance of getting your debt structure right.
Get in touch with Colin -
Website: archbrokerage.com.au
Instagram: @archbrokerage
In this episode, Ben interviews the CEO of the ASE Group, Taj Pabari. Taj is one of Australia’s youngest and most successful social entrepreneurs.
He is the Chief Executive Officer of the Australian School of Entrepreneurship (ASE) - a social enterprise that helps develop the entrepreneurial skills of school students, young entrepreneurs and anyone aged 5 to 21 years with a passion for innovation.
ASE has partnered with Government, the Private Sector and Educational Institutions to deliver real and authentic entrepreneurial education for more than 100,000 students.
Get in touch with Taj -
Website: www.ase.edu.au/academy - the Academy, that helps equip young people with the important "adulting skills" that they didn't learn in the classroom
Instagram: @theasegroup
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