Do I have what it takes to start a business? Where do I want to go professionally? How do I get there? These are questions most of us ask ourselves when it’s time for a career change. So how can you take the intangible assets you’ve acquired and map out a new career path? In this “greatest hits” replay, co-hosts Lori Vajda and Nola Boea get the answers from former chef Nikki Sherin, who used her Identity Capital to become an event marketer and marketing lead for one of the largest IT events in the world.

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Business success strategies are in the works. Come have a listen!

In This Episode You’ll Learn

• How the things you put your time and energy into (identity capital) become what you are known for (your identity).
• Your journey and the elements that have formed who you are, are assets of your Identity Capital you use to purchase’ a new job, career advancement, or entrepreneurship.
• There are many ways to build capital including a degree, your hobby, the books you’ve read, travel and more.
• How investing in that thing that motivates you, will put you on a path towards a satisfying professional and personal life.

Resources

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Do I need to incorporate my side business? Which type of incorporation, S Corp, C Corp, LLC, is the right choice for me and my business? What are the advantages and disadvantages of each? These are just a few of the many questions Lori Vajda and Nola Boea had for special guest and business attorney Tanya Bower, a director with law firm Tripp Scott. From protecting your assets to establishing credibility, there’s more to know about incorporating your small business than which corporation to choose.

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You can subscribe to Lori and Nola's show, (we love you and want to make it easy) on Apple Podcasts, Spotify, Google Podcasts, or wherever you listen to podcasts.

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Income growth strategies are in the works. Come have a listen!

In This Episode You’ll Learn

• When incorporating your business may not be the right choice.
• What a prenup is in the world of entrepreneurship and why you need one.
• The main, and maybe even the most important reason, for incorporating your business.
• Why choosing the wrong type of incorporation could cost you personally and financially.

While incorporating your side gig may reduce personal liability, there’s another important reason to do so, as Nola and Lori found out, tax saving. That’s right. Are you a musician on the side? Well, you musical instruments could earn a tax deduction. Photographer, hairstyle or yoga instructor? Yep, your equipment may all be deductible.

Of course you should consult with an accountant or business lawyer before filing your taxes. As attorney Tanya Bower explained, knowledge about incorporation is power, and that power is the ability to know the best way to protect yourself and the future of your business.

Resources

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Plan, Launch, Grow My Business TOOLKIT - 20 bundled tip-sheets, templates, worksheets, guides and checklists to get you started on your entrepreneurial journey.

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Lori Vajda and Nola Boea discuss the concept of "Saying Yes to the Mess" and share their personal experiences with starting side businesses and embracing the challenges that come with it. They also talk about the importance of taking small steps, being okay with imperfections, and providing support for each other and their listeners. The conversation includes anecdotes, reflections, interviews, and even a guided meditation.
But first, they explain what led them to consider rebranding the podcast.


00:00 Introduction: The Concept of 'Someday'
00:28 The Reality of 'Someday' and Its Impact on Dreams
02:04 Rethinking Our Podcast and Embracing Change
03:08 The Domino Effect of Change and Embracing the Mess
03:35 Overcoming Challenges and Saying Yes to the Mess
05:07 The Journey of Becoming an Entrepreneur
07:24 Our Personal Side Hustle Stories
10:34 The Challenges and Regrets of Having a Side Business
14:08 The Turning Point: Saying Yes to the Mess
21:32 Challenges and Triumphs of Having a Side Business
33:53 The Importance of Support and Encouragement in Entrepreneurship
35:11 Conclusion: Small Steps, Big Effects

Resources

Sign up for “News You Can Use” at StickyBrandLab.com- you'll get hot tips, fresh resources and new podcast episodes delivered directly to your inbox.

Subscribe to Lori and Nola's show on Apple Podcasts, Audible, or wherever you listen to podcasts.
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