Want to create an interactive transcript for this episode?
Podcast: The Numbers Game
Episode: Adam Sullivan’s Hard Lessons: Division 7A, FBT & Avoiding Costly Mistakes in Business
Description: Adam Sullivan’s incredible rise in business revenue came with some serious financial lessons. Today we dive into Adams financial rollercoaster - how he scaled to $1.5M a month, bought an $11M mansion, and nearly came undone by Division 7A loans, tax traps, and flashy spending. We unpack the real costs of pulling money from your company, how fringe benefits tax can sting, and why financial literacy is essential for every business owner.On this episode, we discuss:(00:00) Intro(00:27) Who is Adam Sullivan? $1.5M a Month Business Story(02:51) The Trap of Treating Company Mo...