Some days we all think about chucking in our day jobs and starting up our own small biz. Maybe your unpleasant boss yelled at you for no reason, maybe you’re just doing just something you’re not very passionate about, or all your co-workers have taken to sticking pictures of Nicolas Cage on your phone receiver (that is a true thing that happened).
So many of us have a big or little small biz idea to either fill a gap in the market or revolutionise an entire industry by the sheer force of our creativity/bold ingenuity, but just have no idea what we need to do to get there.
Speaking of getting down to (small) business, we looked to young-gun Chris Mathews, founder and CEO of natural sunscreen and skincare company, Little Urchin, for guidance about how to become your own boss, and how you should start looking out for future you – say by being a dedicated applier of sunscreen, or having your super sorted.
There’s one piece of advice from Mathews we’d like to highlight right off the bat: set some money aside now. You’re gonna have some hectic start-up costs to pay for, and that’s before we even get started on the long view – which includes putting some dough away in superannuation, and consolidating all those super funds you forgot you were even signed up to. Remember your high school casual job? You might still have some super stowed away from there. Pool them all together and future you, small biz owner, will be cheersing to you.
And if you’re keen to finally get onto your poor neglected super, it’s easier than you think. You don’t need to sacrifice your chai latte today (and put your hard-earned $$ into super), just consider spending five minutes now to set yourself up. Then you can check your super balance on the CommBank app. Convenient right?
Check out CommBank’s Essential Super HERE.
*Colonial First State Investments Limited ABN 98 002 348 352, AFS Licence 232468 (Colonial First State) is the issuer of interests in Commonwealth Essential Super ABN 56 601 925 435. This information is not financial product advice and does not take into account any person’s individual objectives, financial circumstances or needs. You should read the Product Disclosure Statement (PDS) for Commonwealth Essential Super and consider talking to a financial adviser before deciding whether to acquire or continue to hold this product. Click here to download the PDS, or call us on 13 4074 and we’ll post one out to you. Colonial First State is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (‘the Bank’). The Bank and its subsidiaries do not guarantee the performance of Essential Super or the repayment of capital by Essential Super. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries. An investment in Essential Super is subject to risk, loss of income and capital invested.Image: Ghostbusters