12/22/2025
Episode 4 of the Mastering Business Basics Podcast is now available!!
In our previous three episodes, I've talked about your why and the necessity of creating one and determining what it is, because it's gonna help determine your success.
I've talked about your likes and your dislikes and how you need to determine those. And incorporate them into your business plan, which will give you a better chance of success. I've talked about your skillset, sitting down and taking a close look at what you like to do, what you don't like to do, what your skillset is, what it isn't. What you need to develop yourself, and what you need to hire other people for.
Those are important, but even more important than that is the foundational aspects of running a business. There's three pillars that undermine every business. I don't care if you're a small Schedule C or whether you're a huge C corporation, it doesn't matter.
All three of these things are important. It's just the scale of them that changes. And those three pillars are your legal format, your logistical organizations, and your tax considerations. You have to know these because if you change one, it changes the other two. They work together.
That's why it's important to know all three of these because if you change something over here, you could be changing things over there and not realize it, get yourself in a lot of trouble, or lose a lot of money in the process
We don't want that.
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