Episode 109: The Greatest Mistakes New Entrepreneurs Make and How to Avoid Them

The 9Innings Podcast by Kevin Thompson, RICP®, CFP®

Episode notes

In this podcast episode, Kevin Thompson, founder and CEO of 9i Capital Group, discusses the fundamentals of business ownership. He covers essential topics like business structures (sole proprietorships, LLCs, S corps), taxation, and the importance of building a supportive team. Kevin shares personal anecdotes to highlight the opportunities in the U.S. economy and encourages listeners to pursue their passions. He emphasizes the necessity of seeking professional advice and mentorship. The episode aims to educate, empower, and engage aspiring entrepreneurs, providing practical insights to help them succeed in their business endeavors.

Business Structures Overview (00:03:20) Explaining the differences between sole proprietorships, LLCs, and S corps for starting a business.

Understanding Taxation (00:06:26)

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Keywords
9inningscapitalgroupfinancial planningirseconomyfiduciarycertified financial plannerbusinessowner9icapitalgrouptax planningentreprenuershipCPAEA safe harborfranchise documentboi