But what would our listeners need to know about, because Dave, your background and then Luke, obviously, but if they were to just know a little bit about your background before we get into the actual story of Grandad Jacks, what would they need to know about it?

Well, I'm probably the dumbest one in the room because I left school at like 14 and a half.

I'm with you.

Become a car painter.

And then I sort of bought my own business at 19 years old, first business I had.

And I've had a fair few since then.

Some have been reasonably successful.

Why Newy? We

For small business owners like David Ridden, the real profits often come when their business is sold.

We tend to just reinvest everything in our business, don't pay ourselves super, and get it to a point where it becomes sellable to a bigger organization.

All of our wealth comes from selling the business at some point.

What does this mean for you coming at this stage of your working life?

It's a real kick in the guts because now in my mid-50s I'm thinking, "Well, you know, I've, I've only got this small window now to get my business to a sellable point, because after that, where am I gonna go?" So all of my retirement's based on how well I can build my business and what I can sell it for.

For small business owners like David Ridden, the real profits often come when their business is sold.

We tend to just reinvest everything in our business, don't pay ourselves super, and get it to a point where it becomes sellable to a bigger organization.

All of our wealth comes from selling the business at some point.

What does this mean for you coming at this stage of your working life?

It's a real kick in the guts because now I'm in my mid-50s, I'm thinking, "Well, you know, I've, I've only got this small window now to get my business to a sellable point, because after that, where am I gonna go?" So all of my retirement's based on how well I can build my business and what I can sell it for.

Is this ringing true for you?

Yeah, absolutely, for sure.

Um, I think that, I mean, there's no doubt, you know, uh, I've been 37 years working for myself this year.

Different businesses, but, but definitely in the last, you know, three to four years we've seen this, this real shift to, you know, really overcompliance, you know, much more difficulty to run a business.

Um, and, you know, and the, and the challenge is that, you know, if, if, if you've got a business that's doing a million dollars a year and one that's doing 10 million, your co- your compliance costs are the same.

So, um, there's just, there's just, you know, way too many compliance challenges now for, for small business and that's making it really, really difficult to concentrate and focus on what you wanna do and that's, you know, grow your business.

David, what are some of the big changes that would make things easier for you?

I thi- I think, um, you know, we've gotta look at, we've gotta look at these compliances reporting, um, structures a-and really think about, you know, what level of reporting and compliance sits within what level of business.