10 Lessons I Learned In My First Year As Managing Director – S12EP19

This should help you as I know it would have helped me if I had this before I started.

There are a lot of fluff and perfect stories out there about becoming your own CEO and Boss. Here I break down the details you actually need to know if you consider yourself on this journey.

Topics in this Episode:

1. It’s easy to set up a ltd company but the ongoing costs are higher than you would expect.

2. You will learn more from YouTube than you will from any financial advisors

3. Good Accountants cost more than you think.

4. You become a Tax expert in your first year

5. The money you make is not actually all yours

6. You need to find ways to keep your profits working for you

7. You start looking at investments and ways to keep your profits working for you

8. You will discover a lot of people talk the talk but can’t walk the walk.

9. Finding staff with the basic values of employment doesn’t exist

10. Make sure you have insurance

11. You will spend a lot of time planning the direction of your company and doing a lot without doing much at all.