Some people grow up in entrepreneurial environments where they watch a parent run a successful business.
Financial acronyms get bandied about at breakfast, while the breadwinner checks their shares as Tokyo closes.
Business acumen gets absorbed by osmosis and financial success is written in the stars.
The offspring will be on one of those 30 under 30 lists before they can even buy a pint.
Then there’s the rest of us whose last interaction with the world of commerce was in Junior Cert business studies.
They’ll just about recall the Sale of Goods and Supply of Services Act 1980.
(OK fine, that last one is me).
But perhaps they have a passion project that’s selling well at a local market.
Or maybe they’re considering leaving the rat race to become a pilates instructor.
The idea of setting up a small business, for the uninitiated, might feel daunting enough to put them off.
In this episode of Better with Money, PwC partner Colm O’Callaghan gives a crash course in setting up a small business.
For those who don’t move in corporate circles, you’ll find this episode a refreshingly jargon-free zone.
O’Callaghan takes us through the basics:
Should you be a sole trader or a limited company?
What’s the best way to pay yourself?
What tax reliefs are available to small businesses?
So if you’re thinking about turning that side hustle into a full time job, make sure you check out this episode of Better with Money.
You can listen on the player above or click through to listen on your preferred podcast app.
Presented by Aideen Finnegan. Produced by Declan Conlon and Aideen Finnegan.
Brought to you in association with PwC.
