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#26 - Business Mishaps and Lessons Learned: My Company's Deletion Saga

Episode Summary: In this episode of the Education Business Success Podcast, I share a vulnerable account of how my company was deleted from the Estonian business register due to a combination of my and my accountant's mistakes. I share the stressful journey of trying to reinstate the company, facing numerous bureaucratic challenges, plus the financial and emotional side.... This episode is for you if you've ever found yourself in a seemingly impossible situation, and you felt like you were a complete failure....

Key Takeaways:

  • Strategies for overcoming significant business challenges.
  • The value of resilience and learning from mistakes in business.
  • Tips for ensuring better communication and accountability with your accountant.
  • Importance of understanding the financial and administrative aspects of running a business.
  • How to face and resolve business challenges head-on.

Highlights:

  • [00:01:00] Introduction and purpose of the episode.
  • [00:02:00] The initial mistake and the phone call from the accountant.
  • [00:03:00] Discovering the company’s deletion and immediate reactions.
  • [00:04:00] Steps taken to attempt reinstatement and subsequent challenges.
  • [00:05:00] Financial implications and dealing with an unhelpful accounting firm.
  • [00:06:00] Language barriers and document rejection.
  • [00:08:00] Personal struggles and dealing with illness during the process.
  • [00:10:00] Finding a glimmer of hope.
  • [00:11:00] The importance of handling business problems methodically.
  • [00:12:00] Reflection on lessons learned and the decision to move forward.
  • [00:13:00] Encouragement to understand business obligations and maintain communication with accountants.
  • [00:15:00] Advice for aspiring business owners on dealing with financial and administrative tasks.
  • [00:16:00] Invitation to join the "Seven Days of Academy Bliss" program.

Resources Mentioned:

Connect with Eszter:

Call to Action:

  • Join the "Seven Days of Academy Bliss" program to overcome fears and challenges in running your business. Visit https://esztergodor.com/7  for more information.

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