7. Is Starting A Business Really Worth It?

Hello! In today's episode we are answering the question of... IS STARTING A BUSINESS REALLY WORTH IT? Every millennial these days wants to create a passive income and a side hustle. The idea of making money sounds attractive, but what is the reality that comes along with it? Starting a business is so much more than simply reserving a URL or an Instagram handle. Is it really worth all the time, stress and financial commitment? With the challenges of the last year, 2020 has shown us that life is too short to live in your day job if you’re unhappy. But how do you decide whether to pursue an idea and take the leap into becoming a business owner? In this episode we cover: Side hustle vs serious venture - what's the difference? The average age of a successful entrepreneur Recognising what your skill set is and that not all of us are destined to be founders! How you can be involved in a business in other ways - both financially and with your time There's power in being successful in your 9-5 and other ways you can benefit from a business' success What is an employee share options plan, negotiating other benefits and joining businesses you believe in Re-framing business failures in other ways and the key take aways we've learnt If you're keen to check out more, or see the resources discussed in this episode, head to https://itsnosecret.co.nz/7 If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend. SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify Follow us for fun chat & financial tidbits on IG: @itsnosecretnz Got questions? Get in touch: www.itsnosecret.co.nz Disclaimer: Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time. The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice. Any information we provide is general only and current at the time of writing. Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz