Have you ever thought about why some businesses thrive while others barely survive? Ever wondered whether there's a secret formula or if it all comes down to luck? Join me as I reveal the lessons I've learned on my journey through the ups and downs of business, and how you can use them to sidestep potential pitfalls on your own path. The first lesson I'll share is about financial awareness. I was so focused on growing my business that I didn't pay enough attention to the financial side, leading to a shockingly high tax bill. We'll talk about personal boundaries in an online world and how easy it is to overshare in the name of transparency, leading to undue entitlement from others. I'll help you navigate the fine line between being personable and preserving your privacy. In the final segment, I'll discuss the crucial importance of action and protection in business. It's about overcoming the fear of judgment, perfectionism, and seizing the opportunity when it presents itself. We'll also underline the importance of having proper contracts and agreements in place to shield your business from potential risks. To wrap up, I'll share my insights on team building and marketing strategies, and the importance of respecting people's skill sets and steering clear of blind trend-following. Come along with me on this candid journey of my business highs and lows – let's learn and grow together. (0:00:08) - Avoiding Financial Mistakes in Business (0:07:34) - Navigating Personal Boundaries in Online Presence (0:18:21) - Friendship, Investments, and Missed Opportunities (0:26:22) - Taking Action, Utilizing Contracts in Business (0:30:28) - Legal Protection and Checks in Business (0:36:37) - The Mistake of Underestimating the Process (0:41:15) - Team Building and Marketing Strategies (0:51:38) - Finding Growth in Past Challenges To connect with Kate on Instagram, click ⁠HERE⁠. To apply for ITI, click ⁠HERE⁠.