The Voluntary Life: March 2013

30 March 2013

101 How To Dream Big

An episode about how to use goals and visions to move forward in creating the life you want.

Show Notes:
Previous Episode on GTD
Getting Things Done by David Allen

Podcast Episode

20 March 2013

100 Entrepreneurship Part 16: Limited Liability Is Not A Magic Shield

This episode is about the concept of limited liability and it's role in entrepreneurship.
  • The purpose of the limited liability principle is not to protect the entrepreneur as director or manager of a business, it is for the protection of investors.
  • There is a big difference between this principle and how the actual law of limited liability works in practice. The law is messy and confusing, with strange concepts such as "corporate personhood" granted by the State. 
  • I argue that the principle of limited liability for investors could be implemented through contracts and that the whole messy legal implementation that we currently have is unnecessary to achieve investor protection.
  • I argue that it makes sense for entrepreneurs to use contractual limits of liability wherever possible and to use insurance whenever you need to reduce risk in that way.
  • The reality for small business entrepreneurs is that you will not be able to hide behind a shield of limited liability, for example you will be expected to personally underwrite loans.
These are just my opinions. As always, you need to rely on your own due diligence and get your own legal advice.

9 March 2013

99 Taking Risks With Money And Business

This episode discusses the question of risk in investment, speculation and entrepreneurship. When is it a good idea to take risk and when isn't it? I share my own personal opinion.