Your masterclass host for this week can help you structure your business the right way

Every Tuesday at 12.30pm you can watch an online business masterclass delivered by an adviser member.

This week, Enterprise Nation member and ICAEW chartered accountant Hussain Ahmed hosted 'Should I be a sole trader or limited company?' which you can replay here.

If you're not yet a member, free live online masterclasses and access to more than 200 recorded masterclasses are two of many membership benefits. Join now from only £10 a month.

Company: Ahmed Cliffords Chartered Accountants

Company founded: 1993

Describe your business in a tweet.

We are a firm of chartered accountants and chartered tax advisers. We specialise in small and owner managed businesses and companies.

Who is your business hero and why?

Richard Branson. His unorthodox approach to business and management skills sometimes breaks some of the traditional myths of business and management ideas. A perfect example of business and management as an art as well science with plenty of luck!

What has been your biggest challenge?

Trying to find enough time in a day.

Time is the most important scarce resource in business and to manage work/life balance is a big challenge.

What has been your greatest success?

Setting up an accounting practice during the recession and giving up a well paid position in the City would probably be the greatest success. It was also very enjoyable and satisfying.

Over the years it was probably the right choice because to advise and solve clients' business accounting and tax problems gives me the buzz.

What piece of advice do you wish you had known when starting out?

Always expect the unexpected.

When setting up business, you tend initially to be a Jack of all trade and master of none. This brings set of new challenges that will try to you out of your comfort zone.

Why do you consider long-term strategic advice important to business success?

I feel the most important risk factor in business is the unknown future. To gain advice from experts and minimise this risk will allow businesses to prepare for such uncertainties and plan and prepare for their long term goals.

But it is very important that your long term strategy compliments with your short term objective. Otherwise, such advice may result in not achieving your long term goal.

As always, it's important to take good advice as in the long term it will pay dividends in business.

If you had a superpower what would it be and why?

Time travel.

To travel in the future would give me an enormous advantage in business.

But also to time travel in the past will make me understand and learn and amend mistakes and misfortunes.

Replay Hussain's online masterclass, Should I be a sole trader or limited company?, here.

If you're an adviser member and you'd like to host a masterclass, log in to your member dashboard and go to the content section to apply.