In the third ep of the YDA Podcast, hosts Cheryl Stainsby and James Flaherty are joined by Duncan Perkins from TaxTime to discuss some pressing issues faced by business owners.
In "None So Blind," the get deep into the common pitfalls and challenges that entrepreneurs encounter, especially when they fail to heed professional advice. Key Issues Discussed:
- Blame Game: Business owners often look for someone to blame when things go wrong, whether it's their accountant, bookkeeper, or even external circumstances.
- Undercapitalization: Many entrepreneurs start their ventures without adequate resources, not just financially but also in terms of human resources and industry knowledge.
- Ignoring Advice: A recurring theme is the reluctance of business owners to listen to their advisors, leading to repeated mistakes and missed opportunities.
- Franchise Pitfalls: The episode also touches on the challenges of buying into franchises and the unrealistic expectations set by franchisors.
So why Tune In? Business owners (and their advisors) will find this episode particularly insightful as it highlights the importance of listening to professional advice and being adequately prepared before diving into new ventures. Cheryl, James, and Duncan provide valuable perspectives and practical advice that can help avoid common mistakes and set businesses on the path to success. Don't miss out on this engaging and informative discussion!
