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The Mind Your Business Show
The Mind Your Business Show explores what it takes to excel in business and Sales. Our hosts, Tahmid and Arshvyn, hold candid conversations with business owners and sales experts. These conversations go deep. With the aim of understanding these amazing people and finding out the how and the why of what they do, and what can we – the listener- learn from it
The Mind Your Business Show
127 – The Reality of Being Self-Employed - with Zach [Part 2]
In this episode of The Mind Your Business Show, Zach and his guest delve into the complexities of the real estate payment cycle. They discuss the extended timelines associated with HDB and private property transactions in Singapore, the common misconceptions about liquidating property assets quickly, and the impact of bureaucratic processes on payment delays. They also touch on the challenges faced by real estate agents, including the need for efficient cash flow management and the differences between handling property transactions and other self-employed professions like financial advising. Additionally, the discussion covers the importance of maintaining separate business and personal accounts to manage finances effectively as a self-employed individual.
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Guest
Zach: https://www.instagram.com/byhavenhomes/?hl=en-gb
Businesses explored
Property & Sales
Hosts
Tahmid Nasif: https://www.instagram.com/tahmzup/
Arshvyn Prakas: https://www.instagram.com/arshvynprakas/
Show notes:
00:00 Introduction to The Mind Your Business Show
00:12 Understanding the Payment Cycle in Real Estate
01:41 HDB vs. Private Property Transactions
02:40 Challenges in Real Estate Payments
03:54 Financial Planning and Real Estate
05:20 Managing Cash Flow as a Self-Employed Professional
06:06 The Importance of Separate Accounts for Self-Employed
06:48 The Reality of Being Self-Employed
11:14 Finding Your Rhythm in Self-Employment
19:07 Conclusion and Final Thoughts
As always, thank you for listening. We hope you found value in this.