301. Mistakes we've made in business

Running a business means making mistakes. Sometimes expensive ones.In the second episode of the Get Rich Slow Club small business series, Tash and Emma from The Broke Generation share some of the business decisions they wish they'd handled differently, from misunderstanding GST and undercharging for their work to hiring, outsourcing and waiting too long to try new things.In this episode:💼 The GST mistakes that caught both Tash and Emma out💼 Why the admin side of turning your side hustle into a real business can feel so overwhelming💼 The pricing mistakes they made, including undercharging for products, speaking gigs and book deals💼 Why knowing what other people charge can completely change how you negotiate💼 The tricky balance between charging what you're worth and actually having the experience to back it up💼 What Tash learned from hiring, firing and building a team💼 Why outsourcing doesn't always save as much time as you think💼 The business investments that didn't pay off, and why they don't necessarily regret trying them💼 What they've learned about contracts and people who promise you the world💼 Why some of their biggest mistakes were actually the things they waited too long to startThe big takeaway? You probably won't get every business decision right the first time. Sometimes the mistake is doing something that doesn't work, and sometimes it's waiting years because you're worried about getting it wrong.You learn, adjust, and hopefully make slightly different mistakes next time.@tashinvests@anakresina@getrichslowclub@pearlerhqGet Rich Slow ClubPearlerYouTubeHow To Not Work ForeverCase Study FormDisclaimer: Any advice is general and does not consider your financial situation, needs or objectives, so consider whether it’s appropriate for you. You should also consider seeking professional advice before making any financial decision.Tash Invests Pty Ltd is a Corporate Authorised Representative #1317713 of Rask Licensing Pty Ltd. Read the FSG available from https://tashinvests.com/linksPearler is an Authorised Representative #1281540 of Sanlam Private Wealth Pty Ltd AFSL #337927. Read the FSG available from https://pearler.com/financial-services-guideIf you are considering any of the products we spoke about during the show, be sure to read the Product Disclosure Statement & Target Market Determination available from the product issuer’s website before deciding. Hosted on Acast. See acast.com/privacy for more information.