“They can sole source now any one of us a contract for any size, regardless of our status of small business, non-small business, as long as we have the qualifications”
♫
Said on Govcon Giants
“Sole trader is the cheapest and easiest way of setting up... the tipping point ... profit of around $100,000 because that's when the 25% tax rate starts being more beneficial.”
Dave Ebdon · The Quiet Operator · From Zero Clients to a Thriving Accounting Practice - Dave Ebdon S2 E3 - The Quiet Operator
Play from 43:10
43:10
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What was described
Recommend new businesses start as a sole trader (ABN free, business name $50-$120 per year) until profit reaches ~$100,000, then switch to a company
$50 for a year business name, $120 for three years, profit threshold $100,000
Said nearby on the same subject
“When we launched the company … we could help the average business cut their expenses by about 2% per year… Today, a typical business running on ramp is able to cut their expenses by about 7.5% per year.”
♫
Said on Joe Lonsdale: American Optimist
“We give each trader the maximum risk points he can risk per a cycle… when the trader is at base, like at zero, he starts slow… as he's going into some winning streaks… he can increase the risk… we go to a certain point of risk points, and then we reset the cycle”
SM
Simon Mach MyCryptoParadise
Risk Management Show ·
“I bought a profitable free cash flow generating business…in a very narrow vertical…make your first sale profitable.”
TW
Tristan Walker
Equity ·
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