Speaker 1: Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
Speaker 1: the Order Kerni Whoalbury and a waddery woman. And before
Speaker 1: we get started on She's on the Money podcast, I
Speaker 1: would like to acknowledge the traditional custodians of the land
Speaker 1: of which this podcast is recorded on a wondery country,
Speaker 1: acknowledging the elders, the ancestors and the next generation coming
Speaker 1: through as this podcast is about connecting, empowering, knowledge sharing
Speaker 1: and the storytelling of you to make a difference for
Speaker 1: today and lasting impact for tomorrow.
Speaker 2: Let's get into it.
Speaker 3: She's on the Money, She's on the Money.
Speaker 4: Hello, and welcome to She's the Podcast Millennials who Want
Speaker 4: Financial Freedom. My name is Jessica Rickey and as always,
Speaker 4: I've got the beautiful Becksyed joining me No Victoria for
Speaker 4: the next month or so. She's living her best europe
Speaker 4: life must be very nice.
Speaker 5: It must be nice.
Speaker 4: But I'm excited because we're bringing back the guest episodes.
Speaker 4: You guys loved them, so did we, And I'm really
Speaker 4: really excited because we've got an awesome guest joining us today.
Speaker 4: We'll be sharing some of our favorite money wins, helping
Speaker 4: to answer a juicy money dilemma, which this week is
Speaker 4: all about discovering your dream job is actually a bit
Speaker 4: of a toxic nightmare, and we're going to unpack something
Speaker 4: you slid into our DMS about which this week is
Speaker 4: all about figuring out costs and suppliers when starting a business,
Speaker 4: which I think today's guest will have some insight.
Speaker 5: To share that oo so mysterious.
Speaker 6: We are super excited today to be joined by founder
Speaker 6: of fashion brand Fate podcast in all round force of inspiration,
Speaker 6: Britney Saunders.
Speaker 5: Welcome.
Speaker 3: Oh hey guys, I love that intro. You're making me
Speaker 3: sound amazing.
Speaker 1: You are.
Speaker 4: I feel like there's gonna be a lot of people
Speaker 4: so excited to hear this episode because you're super well
Speaker 4: known now because you're a bit of a business mogul,
Speaker 4: You've got so much going on, but also a lot
Speaker 4: of people who maybe remember you from like way back
Speaker 4: in the og beauty guru YouTube days.
Speaker 3: It's it's been a really interesting journey for me to
Speaker 3: go from that like YouTube days back in the day,
Speaker 3: like they were the glory days of the Internet, to
Speaker 3: now I've just fully, you know, gone in this other direction.
Speaker 3: And I remember for so many years I'd run into
Speaker 3: people out and about and it'd be like, I love
Speaker 3: your videos, I love your YouTube, And now it's just
Speaker 3: super cool. It's people will be saying I love your
Speaker 3: podcast or I love your business source. You know more
Speaker 3: so what I'm doing now, which is super cool.
Speaker 4: You're one of the few people that I feel like
Speaker 4: really transitioned super cleanly from that space into another space
Speaker 4: like spring board it off, and really like established yourself
Speaker 4: as a super not official but like you run so
Speaker 4: many businesses now you seem so successful. So I'm really
Speaker 4: excited to hear more about that, and I'm sure everybody
Speaker 4: else is too. But before you get started, has everybody's
Speaker 4: week been do you.
Speaker 5: Want to go first for it?
Speaker 2: Yeah? My week is.
Speaker 3: I mean it's only tuesdays so far, so so far,
Speaker 3: so good. I go to Sydney every single Monday. So
Speaker 3: I'm based in Newcastle.
Speaker 2: Yeah.
Speaker 3: So I'm based in Newcastle, which is like two and
Speaker 3: a bit hours from Sydney. So every Monday is my
Speaker 3: podcast day in Sydney, so I go there and back
Speaker 3: every Monday. So I did that yesterday and then this
Speaker 3: morning we've done a bit of a photo shoot this
Speaker 3: morning and then I've ducked out of the office to
Speaker 3: come and do this podcast with you guys.
Speaker 2: So so far the week is great.
Speaker 4: Well, he did a lot. It's only like in the morning.
Speaker 6: Oh my god, busy, busy girl. That is extremely impressive.
Speaker 6: I could do half of those things in like a
Speaker 6: whole month. That sounds awesome.
Speaker 5: But jess what about you? How's you we been?
Speaker 4: It's been good. Not a lot on obviously vd's away
Speaker 4: missing dearly. Just I think enjoying the wintery weather that
Speaker 4: we've had. The crazy vibes.
Speaker 2: Yeah, I love that fashion.
Speaker 3: I can winter fashion so much more than summer, Like totally.
Speaker 3: I love summer weather because it makes me feel like
Speaker 3: I want to go out more and do things, and
Speaker 3: on the weekends I want to be out doing things.
Speaker 3: But I kind of love this cooler weather and rugging
Speaker 3: up and wearing like all my favorite clothes and they're
Speaker 3: not feeling guilty if I am just staying home all
Speaker 3: weekend doing absolutely nothing, Whereas when it's a beautiful day outside,
Speaker 3: I'm like, I really should get out there.
Speaker 2: But I love winter for that.
Speaker 4: Yeah, like listening to the rain on the roof, the
Speaker 4: leak in my roof has been fixed, by the way
Speaker 4: for anyone at home. So now I'm back to enjoying
Speaker 4: the cooler weather.
Speaker 6: I think, no more anxiety, No, not at all. It's
Speaker 6: just coziness, pure coziness. It's been really good also enjoying
Speaker 6: the weather. It's really like winter is the month of
Speaker 6: guilt free rest. I think, not that you know, you
Speaker 6: should never feel guilty for resting, but just like this
Speaker 6: thing we do to ourselves, but winter is like time
Speaker 6: for coziness, time for rest, time for just like wholesome wholesomeness.
Speaker 5: Have always been really.
Speaker 6: Good, just been seeing friends, just going out obviously, you know,
Speaker 6: with limited funds, been trying to find ways to have
Speaker 6: fun without money, and it's actually been an exciting challenge
Speaker 6: of set for myself.
Speaker 5: So yeah, it's been really good week so far.
Speaker 4: Amazing.
Speaker 6: Yeah, speaking of money challenges, Oh very nice?
Speaker 5: Was that good?
Speaker 4: That was good?
Speaker 5: Who money wins all losses? Do you have this week?
Speaker 4: I've got a good little round up for you guys
Speaker 4: this week. I'm going to start with one from Kim
Speaker 4: who said I achieved my initial three thousand dollars emergency
Speaker 4: fund savings goal, which I'm going to be topping up
Speaker 4: every fortnight with extra hundred bucks. She had her first
Speaker 4: investment on Charesis. She had some overtime work last Saturday
Speaker 4: and the money is going to be added to her
Speaker 4: emergency fund and her investment. And she said she's back
Speaker 4: doing an office job as a part of hersal conment.
Speaker 4: And she said it's a win because she can listen
Speaker 4: to the podcast while working from home.
Speaker 1: Cute.
Speaker 5: I love that.
Speaker 4: Four wins. Well done, Kim. Next, I've got a money
Speaker 4: win from Beck who said good name back, absolute money win.
Speaker 4: We were gifted a bunch of cleaning supplies when we
Speaker 4: bought our first house in December, which was also a
Speaker 4: big win. It included a very luxe centered fabric softener.
Speaker 4: Say that five times fast, And she said at Coals
Speaker 4: it's fifteen bucks one point nine leaders. But she happened
Speaker 4: to be at Costco and got five leaders for seventeen dollars.
Speaker 5: That's so good.
Speaker 4: One of the few times that Costco is actually cheaper
Speaker 4: than everywhere else. Cause I feel like it never is normal.
Speaker 2: You reckon, it's not you reckon, it's just the same.
Speaker 4: You've got to do the unit. So a lot of
Speaker 4: the time you're buying heaps but it's not as much
Speaker 4: depending on what the item is a lot of the
Speaker 4: times if you compare it to like your coals or
Speaker 4: wooly sale price, it's not necessarily as much.
Speaker 2: Probably bad.
Speaker 3: You love costco though, like I love just going there
Speaker 3: experience and going through every island just seeing all the
Speaker 3: stuff that's there.
Speaker 2: It's amazing.
Speaker 5: It's so goodtally buying nothing, just looking.
Speaker 2: Taking.
Speaker 4: And trying all the samples one hundred percent. And the
Speaker 4: pizza the pea through is so good. Next, I've got
Speaker 4: a money win from Lauren and she said she received
Speaker 4: a notification that a unit next door to hers had
Speaker 4: termites in their side fence. Sounds like money loss. They
Speaker 4: organized for apest and termite inspection as she could see
Speaker 4: parts of her fence were looking a little bit spicy.
Speaker 4: Turns out the mowing guys were going too hard on
Speaker 4: the whipper snipping no termites, and the company didn't charge
Speaker 4: her for the inspection.
Speaker 5: Oh great.
Speaker 4: So sometimes the worst case scenario is in fact the
Speaker 4: best case scenario.
Speaker 5: True.
Speaker 4: Love that for you, Lauren. And then lastly I have
Speaker 4: a money win from Millie who said I used my
Speaker 4: wrong debit card when I tried to pay for parking
Speaker 4: at work, and it declined and I got so embarrassed
Speaker 4: and let the person behind me go first. Happens to
Speaker 4: me literally all the time, she said. Once they'd finished,
Speaker 4: she went to pay for her parking and it had
Speaker 4: already been paid. She wasn't looking, so she's not sure
Speaker 4: if the people in front of her paid for her
Speaker 4: or if it was just a glitch, but the universe
Speaker 4: aligned and she was feeling super blessed.
Speaker 5: Wow, that is really wholesome.
Speaker 6: I can imagine that the person in front was like, oh,
Speaker 6: it declined, I'll pay for you.
Speaker 4: That is so sweet. Has that ever happened to either
Speaker 4: of you, guys, where someone's like paid for something like
Speaker 4: in front of you or like for you.
Speaker 3: No, not for me, but I feel like I should
Speaker 3: do it for someone, like I always see that on
Speaker 3: TikTok and stuff, like people paying for the car in
Speaker 3: front of them. Yeah, I think, or like paying it
Speaker 3: forward with coffees as well, like I know a lot
Speaker 3: of people do that.
Speaker 2: Yeah.
Speaker 4: Yeah, it's such a fun idea. I've never done it
Speaker 4: because I've never been in a position where it felt
Speaker 4: like it made sense to me to do it. But
Speaker 4: I go it seems like such a fun idea. I
Speaker 4: need to figure out how to pay it forward.
Speaker 5: It would be so cute.
Speaker 6: I think that, like the only time I've kind of
Speaker 6: had that is when you know someone is leaving a
Speaker 6: car park and the like, do you want to use
Speaker 6: the rest of my ticket?
Speaker 1: You know?
Speaker 4: Yeah, Oh that's kind of cute. That is iconically Australian.
Speaker 5: Yeah, totally.
Speaker 3: I think I saw another video the other day too
Speaker 3: of someone topping up someone's needed parking in their car
Speaker 3: or something, so they saw that it was about to
Speaker 3: run out or whenever they put a fresh one for
Speaker 3: them in there like paid it again.
Speaker 4: Yeah, it's sweet in literally, it's just like it makes
Speaker 4: you feel good, does it?
Speaker 7: Yeah?
Speaker 4: Now, Britt, we did only ask our guests if they
Speaker 4: have a money in all have money loss that they
Speaker 4: would like to share, to bring one to the table
Speaker 4: if you happen to have one with.
Speaker 2: You, Yes, I actually have.
Speaker 3: I've got two money losses that also related to business.
Speaker 3: One's about turning lemons into lemonade, and then the other
Speaker 3: one is just a bit of a general lesson in
Speaker 3: business in general. So a big money loss for us
Speaker 3: that we experienced in our business, but then we turned
Speaker 3: it into something positive.
Speaker 2: And I think that's something important.
Speaker 3: To remember, is you can, you know, take a really
Speaker 3: negative situation and turn it into something great. Was last year,
Speaker 3: we had manufactured these beautiful corset tops and they were
Speaker 3: kind of like silky and finished with boning in them.
Speaker 3: And it was our first time ever making corsets. And
Speaker 3: they're obviously really tricky compared to like a usual top
Speaker 3: or whatever that's really stretchy because I've got a lot
Speaker 3: of structure in them. But when our bolk stock arrived
Speaker 3: and we've made these corsets in like four different colors,
Speaker 3: the straps were just a little bit too long, and
Speaker 3: because they were like made of this silk fabric with
Speaker 3: no adjustable straps, it was kind of like they're gonna
Speaker 3: fit some people and they're not going to fit others. Yeah,
Speaker 3: And so it was this whole dilemma of like, we
Speaker 3: can't sell these because when we shot them on the models,
Speaker 3: like it was not fitting them, right.
Speaker 5: What are we going to do?
Speaker 2: Like this is a massive.
Speaker 3: Loss for us, Like we've got these four corsets, the
Speaker 3: bulk stock is here, what are we going to do?
Speaker 3: And I was speaking with my partner Aj and then
Speaker 3: we just come up with this idea, why don't we
Speaker 3: just because we don't want them to go to waste obviously,
Speaker 3: but I didn't want to sell them because with us,
Speaker 3: like I don't want to sell anything that.
Speaker 2: Isn't like amazing quality.
Speaker 3: Yeah, so then we said, like, why don't we We're
Speaker 3: obviously not just going to throw these tops out that
Speaker 3: is completely wasteful. What if we just give them away
Speaker 3: in people's orders just as like a gift and then
Speaker 3: we just cop the loss, you know, of the manufacturing
Speaker 3: we're not selling them. So then we're like, all right,
Speaker 3: let's do that, and we'll just put them in people's
Speaker 3: orders that have ordered a top so that we like
Speaker 3: have an idea roughly of their size.
Speaker 2: And then so we got these little cards.
Speaker 3: And we got like a bunch of them printed out
Speaker 3: for the same amount of tops that we had, and
Speaker 3: then we'd pop them in every order saying like, hey,
Speaker 3: this is a little gift from us to you, like
Speaker 3: it may not fit or it might fit someone that
Speaker 3: you know, And we kind of tried to make it
Speaker 3: this whole like maybe you can give this top a
Speaker 3: life in some way if people were handy, like they
Speaker 3: could probably shorten the shoulder strap. So that was like
Speaker 3: our little activation I guess that we made. We also
Speaker 3: made a video about it and chucked it up on
Speaker 3: Instagram and TikTok, and I kind of was just like
Speaker 3: laughing about the mistake that we'd made and just said, oh,
Speaker 3: we've made all these corsets and this hasn't worked out,
Speaker 3: but we're going to be throwing them in people's orders
Speaker 3: just to kind of teach a lesson of you know,
Speaker 3: turning those lemons into lemonade. And then it ended up
Speaker 3: being kind of a win for us because that video
Speaker 3: then absolutely blew up on socials and then we ended
Speaker 3: up getting like so manys because then all of a
Speaker 3: sudden people were like, I want one of these toph
Speaker 3: and so it all kind of worked out at the end.
Speaker 3: We had like so many people placing in orders just
Speaker 3: in hopes to get the corsets, even though that wasn't
Speaker 3: like the objective at all, and it turned out to
Speaker 3: be this really positive thing even though we'd obviously lost
Speaker 3: the money on the tops. It kind of made this
Speaker 3: really nice vibe within our community and people were getting free.
Speaker 2: Tops, and yeah, kind of worked out well in the end.
Speaker 5: Yeah, I love that and then I.
Speaker 3: Did have another one that comes to mind, which is
Speaker 3: more of a loss that business owners will experience, and
Speaker 3: it's probably not something that people think of much, but
Speaker 3: it's very real and relevant to me and to any
Speaker 3: other business owners out there. A huge loss that a
Speaker 3: lot of business owners will experience is hiring the wrong
Speaker 3: person for the job.
Speaker 5: Oh tell us right.
Speaker 3: So it's is something that I've experienced time and time again.
Speaker 3: It's something that all business owners will experience, and it's
Speaker 3: not something that you ever really think about. And this
Speaker 3: is what I speak about a lot on my new
Speaker 3: business podcast, Big Business Shout Out to my own podcast.
Speaker 3: It's brand new, but it's just one of those things
Speaker 3: that I never thought about when I started Fate. But
Speaker 3: hiring the wrong person for the job can be a
Speaker 3: huge loss for a business financially, and I guess I
Speaker 3: just really want to stress the importance of spending your
Speaker 3: time finding that right person.
Speaker 2: And it can be really tricky because.
Speaker 3: The reason why it can be a loss for a
Speaker 3: business is you spend so long doing your hiring process
Speaker 3: for that particular role. You've got everyone in your team
Speaker 3: hiring them, interviewing, going through resumes, calling references, doing all
Speaker 3: these rounds of interviews. You then get this employee on
Speaker 3: their contracts and everything like that. Like all this takes time, effort, money.
Speaker 3: You're paying everyone to do these things. Then you have
Speaker 3: this new person come into your business, and then you're
Speaker 3: spending all your time and energy training them for.
Speaker 2: Getting them into the team.
Speaker 3: And then if for some reason, for whatever reason, there
Speaker 3: can be a billion reasons, it doesn't work out or
Speaker 3: that person isn't the right fit for.
Speaker 2: The role, then you're back at square one.
Speaker 3: So it's really important for anyone out there in business,
Speaker 3: especially if you're new to business or if you're a
Speaker 3: startup and you're hiring that first employee, which feels like
Speaker 3: yesterday to me, and people always ask me, how do
Speaker 3: I know when to hire that first employee?
Speaker 2: And I'm scared and I don't know how to trust people.
Speaker 3: My advice so that would be take your time, hire slowly,
Speaker 3: and make sure that you're hiring that right person, because
Speaker 3: it does cost a lot of money to bring someone
Speaker 3: on board, and you want to make sure that that's
Speaker 3: that right person because you don't want to be back
Speaker 3: at square one and have to do it all over again.
Speaker 5: Hundred percent.
Speaker 4: We talked about that a lot from like an employee
Speaker 4: perspective on the show and how if you're like in
Speaker 4: a workplace and something's not right, like working with your
Speaker 4: employer where you can to you know, upskill or change
Speaker 4: or sidestep or whatever, because from you know, for a business,
Speaker 4: it makes so much more sense for them to try
Speaker 4: and find a way for you to still continue to
Speaker 4: fit within the workplace rather than just having you know,
Speaker 4: leaving and going somewhere else be your first option because
Speaker 4: it is such a big cost to businesses that you know,
Speaker 4: on both sides, that makes sense for people to try
Speaker 4: and make it work.
Speaker 3: You always want to try, in my experience, to promote
Speaker 3: people with in your team rather than constantly just bringing
Speaker 3: in new people.
Speaker 2: For sure.
Speaker 3: One of the most interesting parts of that from a
Speaker 3: business owner's perspective as well is trying to scale your
Speaker 3: company at a sustainable rate that your staff can also
Speaker 3: continue to grow with you. Yeah, especially for a smaller startup,
Speaker 3: I find but like small startups, they're going to struggle
Speaker 3: maybe with their employees not being able to grow as
Speaker 3: much as they want to because that owner is in
Speaker 3: those startup days. I think back to years ago, you know,
Speaker 3: we had our store manager at the time, Grace working
Speaker 3: in our store when we just had our one retail
Speaker 3: store here in Newcastle, and she was just working like
Speaker 3: casually but like quite a lot of hours. But she
Speaker 3: would always say to me, like, I really want to grow.
Speaker 3: I really want like a full time role. Like I
Speaker 3: don't know.
Speaker 2: What it is, I don't care what it is, but
Speaker 2: I just really want a full time role.
Speaker 3: And I remember saying her, leave that thought with me,
Speaker 3: and I'm going to make it happen for you kind
Speaker 3: of thing. And then it's like, you're trying to grow
Speaker 3: your company so your staff can grow, and you have
Speaker 3: this fear of them going elsewhere because maybe your company
Speaker 3: isn't big enough for them yet. Yeah, but now she's
Speaker 3: our national retail manager, so she's.
Speaker 4: All good and great. Yeah, how many stores do you have?
Speaker 5: Now?
Speaker 2: We have four and we're about to open the fifth.
Speaker 4: That's amazing.
Speaker 5: I love that you amazing.
Speaker 4: No, Like you know the names of everybody too, Like
Speaker 4: that's just really nice. I mean, it's a business that
Speaker 4: you know everyone because you'd have so many people, I
Speaker 4: guess employee with running all those stores and running all
Speaker 4: your other businesses. It's just lovely that you remember, But
Speaker 4: we'll come back in the second half of the show
Speaker 4: because we have a little bit more talk about employee
Speaker 4: employee stuff. But Beck, do you have any super fun
Speaker 4: broke tips for us this week?
Speaker 5: I most certainly do.
Speaker 6: Now usually I share two from the community, but I'm
Speaker 6: going to reserve one for you, Britt, if you happen
Speaker 6: to have a broke tip at the end of this.
Speaker 6: So first one from the community is from Catherine, who
Speaker 6: says the plant Jammer app or similar gives you recipe
Speaker 6: ideas based on what you already have in the fridge
Speaker 6: or pantry, which I think is really cool because we
Speaker 6: have mentioned that before, like little you know, different websites
Speaker 6: and things like that. But the plant jamer app, which
Speaker 6: I have not heard of before, I think that would
Speaker 6: be very convenient. So just download that, chuck whatever you
Speaker 6: have in your pantry or fridge already, and it'll come
Speaker 6: up with a recipe for you. You don't have to
Speaker 6: spend any money, and I feel like we always feel
Speaker 6: like we do. If we have like bread and maybe
Speaker 6: a tin of dice tomatoes, you can probably make a
Speaker 6: whole meal.
Speaker 5: Out of that.
Speaker 4: You know, it's a brisk getter.
Speaker 6: So I think that's a really cool thing, and also
Speaker 6: just like a friendly reminder that that's also an option,
Speaker 6: so do that before you go to the shops. And
Speaker 6: then my broke tip for this week is it's kind
Speaker 6: of like common knowledge. It's a little bit common sensical,
Speaker 6: but I also still feel like it's a bit of
Speaker 6: a good reminder, as everyone knows, because I won't shut
Speaker 6: up about it.
Speaker 5: I don't really have money at the moment in.
Speaker 6: Between jobs, and I have used this week as like
Speaker 6: a little challenged myself to have fun without spending much money.
Speaker 6: So as I mentioned before, I go to pubs that
Speaker 6: have free soda, water things like that. But just the
Speaker 6: other day, I think I I spent in total three
Speaker 6: dollars and I fed myself and I brought my girlfriend
Speaker 6: a little gift.
Speaker 5: And you know how I did that.
Speaker 6: I made It's going to sound disgusting, but it was
Speaker 6: really nice. I made a little thing of rice, which
Speaker 6: you know, it depends where you go, but you can, like,
Speaker 6: if you're being really lazy, you can get like a
Speaker 6: dollar twenty five sachets. We just microwave it and that's plenty.
Speaker 6: And then I bought a ninety cent can of sardines,
Speaker 6: and that was my meal. That's all I needed. That's
Speaker 6: actually less than three dollars. And I had like some
Speaker 6: bread and stuff. I am cheating because I had bread
Speaker 6: already in the house and so but that was like
Speaker 6: my that was my dinner.
Speaker 5: And I was like, this is.
Speaker 6: Plenty for me, and that was great and it was
Speaker 6: like it kind of felt healthy. All I did was
Speaker 6: I like walked around the neighborhood and picked flowers and
Speaker 6: made like a mini bouquet and potted it in a
Speaker 6: pre existing mason jar. And that was a gift for
Speaker 6: my girlfriend. So I spent in total, less than three dollars.
Speaker 6: I managed to feed myself all day, and I managed
Speaker 6: to bring a cute little gift for my girlfriend to
Speaker 6: her house. And I just think that's, like God, that's
Speaker 6: such a win win, you know what I mean. Yeah,
Speaker 6: So just remember that there are treats around you. Even
Speaker 6: if you make a little bouquet of rosemary from your
Speaker 6: communal garden, like, there are ways to kind of go,
Speaker 6: you know, make someone's day, make your own day without
Speaker 6: having to spend much money or any money.
Speaker 5: And I know it's a very privileged position.
Speaker 6: I don't have kids, I don't have like, you know,
Speaker 6: anything other than myself to really take care of. So
Speaker 6: that's really only relevant if you are like that. So
Speaker 6: that's my brogue tip for this week. Find joy in
Speaker 6: a little thing so wholesome, and.
Speaker 4: It's those little like thoughtful gifts. They mean so much
Speaker 4: more I think than oh, like I felt like I
Speaker 4: just bought you this expensive thing, like, yeah, totally took
Speaker 4: the time, you took the larva, you picked things that
Speaker 4: you thought she would like. Like, I think those things
Speaker 4: are so much more meaningful in a relationship than just oh,
Speaker 4: I just bought you something because totally you know what
Speaker 4: I mean, I could, Yeah, I totally agree with that.
Speaker 5: Okay, do you happen to have a broke tip for us?
Speaker 3: I have a savings tip that I used when I
Speaker 3: started to want to save money. But I'm like, maybe
Speaker 3: this is something that everyone already does. I don't know,
Speaker 3: I could be just saying something here that everyone already does.
Speaker 2: But so I dropped out of school when I.
Speaker 3: Was sixteen, and I didn't even get to experience driving
Speaker 3: to school because I didn't get my pees in time,
Speaker 3: Like everyone got to drive to school, Like I fully
Speaker 3: missed that. I was talking about that with my friend yesterday.
Speaker 3: I'm like, I didn't even get to do the whole
Speaker 3: like driving myself to school thing. And then so when
Speaker 3: I dropped out of school. The reason I dropped out
Speaker 3: of school was because all I wanted to do is work.
Speaker 3: I wasn't interested in any of the subjects I was
Speaker 3: doing at school. I wasn't interested in going to UNI
Speaker 3: or anything. I didn't know what I wanted to do.
Speaker 3: All I wanted to do was work and earn money.
Speaker 3: So I ended up working like in over twenty jobs.
Speaker 3: And I was basically on a mission to just try
Speaker 3: and find something that I enjoyed doing. And as soon
Speaker 3: as I knew that I wasn't enjoying a job, and
Speaker 3: I'm talking, I did like waitressing, bar work, retail. I
Speaker 3: worked at a school camp, doing sports, instructing.
Speaker 2: Far working sales. I did absolutely everything.
Speaker 3: I was just trying anything and everything, and I would
Speaker 3: sometimes it was really bad, Like I would get a
Speaker 3: job for three weeks and if I hated it, I'd
Speaker 3: just go get another one because I was like, I
Speaker 3: don't like that. Would I advise people to do that?
Speaker 3: Maybe not, But also like I'm all for trying to
Speaker 3: find that thing that brings you happiness, you know, even
Speaker 3: though that means you are job hopping.
Speaker 2: But during all those years I had no money.
Speaker 3: I remember constantly looking at my bank account and it
Speaker 3: would be in like negative one dollar twenty five, like
Speaker 3: just always sitting around there. And throughout my late teens
Speaker 3: and into my early twenties, I really did struggle to
Speaker 3: save I never had any kind of guidance from family
Speaker 3: or anything to save money like that was never taught
Speaker 3: to us.
Speaker 2: When we were kids.
Speaker 3: And I moved out of home when I was seventeen
Speaker 3: as well, so I never really had anyone around and
Speaker 3: to be like, you should save money, and you know,
Speaker 3: so it wasn't until I got into my youtubing days
Speaker 3: and when I quit my full time job when I
Speaker 3: was twenty one to try and be come this youtubeer
Speaker 3: like that was my thing that I found that I
Speaker 3: really wanted to do that.
Speaker 2: I thought, I'm going to try.
Speaker 3: And save money, which I had never ever done before,
Speaker 3: never had more than a couple of hundred dollars in
Speaker 3: the bank at any given point. And so the way
Speaker 3: that I did it back then, when I was not
Speaker 3: working anymore and trying to make this YouTube thing work
Speaker 3: and this was like ten years ago now, so this
Speaker 3: is when YouTube was so new. I was earning a
Speaker 3: bit of money here and there, like just enough to
Speaker 3: get by and pay my rent in my sharehouse and
Speaker 3: sixty bucks on petrol.
Speaker 2: But what I did was, and it's so basic.
Speaker 3: Everyone probably does this, but you know, I started to
Speaker 3: get focused on a certain number that I always wanted
Speaker 3: to have in my bank account.
Speaker 2: And I remember starting with one thousand dollars.
Speaker 3: So I would build my bank account up until I
Speaker 3: had one thousand dollars in there, and then I would
Speaker 3: get really fixated on always trying to make sure that
Speaker 3: I had one thousand dollars in that savings account. Mind you,
Speaker 3: then like car Regio would come and then it would
Speaker 3: go back down again. But I found that having that
Speaker 3: number was really motivating. And I just remember starting with that,
Speaker 3: I always want to have a thousand dollar, like I
Speaker 3: always want to have a thousand dollars. And then once
Speaker 3: I got to that, and then I could grow my
Speaker 3: account a little bit more beyond that, then I thought
Speaker 3: I would change that number and I'd go, I want
Speaker 3: it to be two thousand dollars that I always have,
Speaker 3: and I think it's really good to kind of. It
Speaker 3: was good for me anyway, who had never done any
Speaker 3: type of saving before, just to like find a number
Speaker 3: that was achievable for me and stick to it. And
Speaker 3: then once I was comfortable with that, then I would
Speaker 3: up it and go, well, now I want to try
Speaker 3: and save five thousand dollars. Yeah, And that was a
Speaker 3: way that I started saving in my early twenties.
Speaker 4: Make that competitive nature work for you, girl.
Speaker 3: Yeah, And I don't know what it is, like you've
Speaker 3: become a bit obsessive with the number and it's like, nope,
Speaker 3: I can't I can't buy that thing that I really
Speaker 3: want because I've got my two thousand dollars in savings
Speaker 3: and like, I never wanted it to go below that.
Speaker 4: Yeah.
Speaker 3: And I know it's not realistic like if something comes
Speaker 3: up or an emergency happens or breadgo or anything like that,
Speaker 3: but that was the start of saving for me.
Speaker 4: And it filts a good habit for you for sure.
Speaker 6: Yes, I really like that, and I think I actually
Speaker 6: might start doing that.
Speaker 5: That's definitely not well.
Speaker 3: Just have a number, like even if you're just starting
Speaker 3: with like five hundred bucks or like mine was a thousand,
Speaker 3: and I don't know, I just became really hyper fixated
Speaker 3: on always ensuring that I had that.
Speaker 2: Yeah, and then I continued to grow it from there.
Speaker 5: I yeah, that's all really really cool.
Speaker 3: When I had no money, that's how I started saving
Speaker 3: and it worked for me. So I always say that
Speaker 3: to people if they're wanting to save.
Speaker 5: Yeah, Okay, that's don't feeling right now.
Speaker 4: Yeah, that's an awesome Absolutely. Let's go to a really
Speaker 4: quick break and when we come back, we're going to
Speaker 4: talk all about getting a job that turns out the
Speaker 4: grass is maybe not greener, and also how you can
Speaker 4: figure out costs and suppliers and all those really fun
Speaker 4: but overwhelming kind of things if you're thinking about starting
Speaker 4: a business. So don't go anywhere, guys.
Speaker 5: Welcome back everyone. Here's our money dilemma.
Speaker 8: Hi, there, have you got a money dilemma you just
Speaker 8: can't solve? The Sheese on the Money team is here
Speaker 8: to help. Every week, we tackle your dilemmas, both big
Speaker 8: and small, to answer your most burning money, career and
Speaker 8: life questions. To get involved, simply head to our website
Speaker 8: and leave us a short voice recording and you might
Speaker 8: just find yourself on the show. Now, let's take a
Speaker 8: listen to this week's money dilemma.
Speaker 7: Hi, Gils, I'm currently very unhappy at my job. This
Speaker 7: is really getting me down because I was certain it
Speaker 7: was my dream job. I'm not going to say who
Speaker 7: they are, as they're big on socials, but they are
Speaker 7: a business that makes great social content and I adored
Speaker 7: and followed them for ages because they really resonated with
Speaker 7: my values. Basically undepressed and deflated. Because the workplace is toxic,
Speaker 7: I know I should leave, but I am finding it
Speaker 7: hard now looking at other companies who seem more boring
Speaker 7: on socials to even know how to trust myself all
Speaker 7: my instincts. I guess I'm just in need of a
Speaker 7: pep talk or some advice.
Speaker 5: Baby girl.
Speaker 4: I feel like everybody has had that experience where they've
Speaker 4: taken a job and they've thought it was going to
Speaker 4: be one particular thing, and you've been there for a
Speaker 4: little while and the shine's worn off and you've gone,
Speaker 4: oh my god, what have I done?
Speaker 7: Yeah?
Speaker 6: Totally, and you do kind of feel like, am I
Speaker 6: going to regret this in the future? Like will it
Speaker 6: get better? I don't really have any solid advice here.
Speaker 6: I'm thinking in any kind of situation where you think
Speaker 6: it's going to be one thing and it's kind of not,
Speaker 6: and you don't really trust yourself enough to know that
Speaker 6: it's not for you, and so you kind of stick around.
Speaker 6: But I guess ask yourself, like what are you waiting for,
Speaker 6: Like what does the ideal perfect utopia world look like
Speaker 6: for you, and then figure out if it's actually possible.
Speaker 6: If not, I think you just got to trust your guard.
Speaker 6: But again, like I'm not really I feel like you'd
Speaker 6: probably have a lot more.
Speaker 3: This is a great question, and I think this plays
Speaker 3: into the more tricky part of this modern day world
Speaker 3: that we are living in where businesses are on social media,
Speaker 3: whereas you know, ten or so years ago, like we
Speaker 3: didn't see businesses on TikTok and Instagram and the behind
Speaker 3: the scenes of their ass So I can completely understand
Speaker 3: it from both the employee side and then all so
Speaker 3: from my side being that a business that also is
Speaker 3: on social media. And this is something that I've spoken
Speaker 3: about in depth on my podcast, but I'll absolutely talk
Speaker 3: about it again because I love talking about this. I
Speaker 3: think as amazing as it is for businesses to have
Speaker 3: these platforms to show their workplace online just like we
Speaker 3: do it fate. We show our warehouse, we show our office,
Speaker 3: we're doing dances, we're having fun, we're doing music videos.
Speaker 3: Like it looks like the most amazing place ever to work,
Speaker 3: and in my eyes, it absolutely is. But one thing
Speaker 3: that I always say to people is you've got to
Speaker 3: remember that social media is a highlight reel. It is
Speaker 3: one hundred and ten percent fabricated, put together. It is
Speaker 3: all for show. When we're creating our content on social media,
Speaker 3: it's to entertain people. It's to make people like us.
Speaker 3: Like so of course we're going to make our workplace
Speaker 3: look like this fun and amazing place.
Speaker 2: And it absolutely is.
Speaker 3: But I think one of the hard things from the
Speaker 3: employees point of view is that's all they ever seen
Speaker 3: of a company like that fun content on social media,
Speaker 3: and I think it just makes the lines blurred because
Speaker 3: at the end of the day, yes, these workplaces are
Speaker 3: super fun and they have a great social media presence,
Speaker 3: but they're a workplace.
Speaker 4: For sure, and you still have boring work to do.
Speaker 3: And us, this is what I say on my podcast,
Speaker 3: is like those fun videos that we put out every
Speaker 3: single day, because that's what we do on social media
Speaker 3: is a slither of our actual work day. Like the
Speaker 3: fun happens for five minutes while we're filming those videos,
Speaker 3: but then we go to our desks and our heads
Speaker 3: are down and we're working. And that's a really tricky
Speaker 3: thing in this modern day social media world. And that's
Speaker 3: one thing that scares me as well when we are
Speaker 3: growing and we're hiring so many new people, is we've
Speaker 3: had people say in interviews and I love it, but
Speaker 3: they're like, it just looks so fun on social media
Speaker 3: and I just really want to get in there and
Speaker 3: get amongst it. And I absolutely love that, and we're like,
Speaker 3: we love that you love us, but we also want
Speaker 3: to let you know, like that is not what it
Speaker 3: looks like all day, every day. And so to the
Speaker 3: person asking this question, like I really loved what you said,
Speaker 3: what is the ideal? Like, what is it that you're
Speaker 3: looking for? I think that's a really important question to
Speaker 3: ask yourself. What is it that you're looking for in
Speaker 3: a job? Maybe write those things down. What is it
Speaker 3: that you're looking for in a workplace? What do you
Speaker 3: want to be doing in your role? And they also
Speaker 3: mentioned that the workplace is toxic. Another thing I'd say
Speaker 3: to that is, don't be afraid to speak to people
Speaker 3: who are your managers or the owner of the company,
Speaker 3: whoever you do have there to speak to. We are
Speaker 3: all about open communication in our workplace, and if anyone
Speaker 3: ever felt that way about us, like I'd want to
Speaker 3: be the first person to know about it kind of thing.
Speaker 3: I feel like a lot of employees feel like they
Speaker 3: don't have a voice in a workplace. And again I
Speaker 3: can only speak from my own experience in business, but
Speaker 3: with us, like, if someone felt a certain way about
Speaker 3: our workplace or was having troubles with anyone, I would
Speaker 3: want that employee to know that their voice will absolutely
Speaker 3: be heard. So yeah, maybe my advice is obviously, you know,
Speaker 3: follow your gut instinct one hundred percent, but also maybe
Speaker 3: talk to someone within that workplace and express your concerns,
Speaker 3: like is there potential for you in this company or
Speaker 3: you know, are you more so leaning towards I'd just
Speaker 3: done with this workplace.
Speaker 2: This is not the place for me.
Speaker 3: Yeah, and then maybe start exploring those other options.
Speaker 4: Yeah, and it's okay to pull the plug, Like, if
Speaker 4: you are somewhere and it is a toxic I think workplace,
Speaker 4: it takes a toll on you so significantly in it.
Speaker 4: I think that can really bleed into other areas of
Speaker 4: your life, and no job is necessarily worth the anguish
Speaker 4: that something can put you through, for it is a
Speaker 4: really toxic environment. I was watching a really interesting TikTok
Speaker 4: from I don't know if you guys know Maggie's out.
Speaker 2: I love her.
Speaker 4: She works a lot in the sustainable fashion space, and
Speaker 4: she was talking about how social media has like fundamentally
Speaker 4: changed the way that we as humans interact with the
Speaker 4: world around us. And I think that that's really relevant
Speaker 4: to this person because you know, you're talking about how
Speaker 4: you see other workplaces online and they don't seem as
Speaker 4: fun as your current work on social media. And I
Speaker 4: completely agree with you, Britt. I think like social media
Speaker 4: is fake at the end of the day. It is
Speaker 4: curated by the person behind it.
Speaker 3: Yes, I will admit that a million times over, Like, yes,
Speaker 3: it's us and it's real and it's me in my content,
Speaker 3: but also like we've set up that phone on that
Speaker 3: tripod and we are going out of our way to
Speaker 3: make it so it is fake in that kind of sense.
Speaker 4: Yeah, I think like, no matter how good a place is,
Speaker 4: you're still putting out a polished thing, like, it's not
Speaker 4: a live stream moment that's captioned. Even if it is
Speaker 4: live stream, someone set it up and probably said, all right, guys,
Speaker 4: we're getting on the live street.
Speaker 3: Yeah, if we did a live stream of our work dail,
Speaker 3: it would be boring.
Speaker 2: Yeah, because it's just working.
Speaker 3: Actually, like, oh, this actually looks really boring, like because
Speaker 3: the tiktoks and the reels are so fast and fun.
Speaker 2: Yeah.
Speaker 4: So I think keeping that in mind, I don't think
Speaker 4: that a company's social media platform is really the best
Speaker 4: measure of the workplace. I think all like, I can
Speaker 4: understand that, you know, you can build an affinity with
Speaker 4: a brand or with the people behind the brand from
Speaker 4: you know, I feel like a lot of people feel
Speaker 4: that way about us in the podcast, Like so many
Speaker 4: people identify with us and say to us, same as
Speaker 4: you all the time, Oh my gosh, i'd love to
Speaker 4: work it cheese and the money. It seems so fun,
Speaker 4: And yeah, absolutely it is, and there's all of these wonderful,
Speaker 4: great things that we've got going on. But same as you, like,
Speaker 4: ninety percent of the time, it's hard work.
Speaker 2: Oh ninety percent of the time, it's shit hitting.
Speaker 3: The fin trying to work out problems like someone's done this,
Speaker 3: this is happening there, yeah, around, it's not what you
Speaker 3: see on socials. And further to that, I would say,
Speaker 3: because they mentioned they've seen other companies social media and
Speaker 3: they look more boring, like that might be not the
Speaker 3: case at all. You might get a job somewhere that
Speaker 3: their socials seem a bit more boring, and it might
Speaker 3: be the best group of people ever and you might
Speaker 3: have the best time. It's really hard to judge a
Speaker 3: company based on their social media.
Speaker 4: Yeah, yeah, I just don't think that it's the necessarily
Speaker 4: the most important metric that you should be considering when
Speaker 4: you are looking at workplaces, whether that be the one
Speaker 4: that you're currently in or other potential future employers. I
Speaker 4: think there are so many other more important things than
Speaker 4: how fun it looks externally. It's about the people that
Speaker 4: you're working with. It's about the work that you'll be
Speaker 4: doing and how much you can enjoy and the work
Speaker 4: life balance. So I think exactly what you said, like,
Speaker 4: what do you want, figure out what's important to you,
Speaker 4: and then use other aspects or avenues beyond social media
Speaker 4: to assess that. Talk to other employees, have a look
Speaker 4: at their employee turnover rate. That's always a really good
Speaker 4: good gauge of how you know what a workplace is
Speaker 4: like if they're chewing through employees, not necessarily the best signed.
Speaker 4: So there are lots of other things that you can
Speaker 4: do to assess whether somewhere is good or not good.
Speaker 4: But I think definitely keeping in mind that social media
Speaker 4: is so curated and so yes, you know, not a
Speaker 4: bad indicator, because you can have a wonderful workplace puts
Speaker 4: out these videos that is it shows you exactly what
Speaker 4: the culture is like, because culture is so important. But
Speaker 4: just take it with a grain of salt, I think,
Speaker 4: is what I would suggest.
Speaker 6: Yeah, and it kind of like sets you up for
Speaker 6: a bit of disappointment if you already kind of go
Speaker 6: in with It's like if someone tells you that a
Speaker 6: movie is so good, like's the best movie they've ever seen,
Speaker 6: you go in with that expectation, and even if it's
Speaker 6: just like a regular movie, but it would have been
Speaker 6: good if.
Speaker 5: No one told you anything. Yeah, you kind of still
Speaker 5: go in.
Speaker 6: You're like, oh, my expectations were so high that there's
Speaker 6: nowhere to go down. So yeah, just like find out
Speaker 6: what the root of what you want is and you
Speaker 6: can't go wrong, Like if you just follow that and
Speaker 6: if it's fun, it's great.
Speaker 5: If it's not fun, it's still what you want to do.
Speaker 5: Whatever you know? Yeah, perfect, do we have a juicy
Speaker 5: juicy DM to.
Speaker 4: Get to Oh you know that we do it everybody's
Speaker 4: favorite time of the week. Let me tell you watch
Speaker 4: our listener set the dam goes Hi, galv. I've been
Speaker 4: thinking for a while that I'd really like to start
Speaker 4: my own small busin thank you Business Bible for the inspo.
Speaker 4: You're so welcome, But I don't know where to begin.
Speaker 4: I'm feeling overwhelmed trying to work out how much to
Speaker 4: invest into the business at the beginning, or where to
Speaker 4: start with the nitty gritty things like finding suppliers and manufacturers.
Speaker 4: I'm struggling to calculate what the actual costs associated with
Speaker 4: starting the business might be. So many things to think about, samples, packaging, etc.
Speaker 4: Or how to even begin the process of connecting with
Speaker 4: the right people. Please help so I don't have to
Speaker 4: quit before I even start. To be completely truthful with you,
Speaker 4: we are a business, but we're not a product based business.
Speaker 4: So I completely understand how this person is going where
Speaker 4: do you start, because I really wouldn't know where to
Speaker 4: start either. The financial side of things we can probably
Speaker 4: talk to a bit more, but bring how did you
Speaker 4: even figure it out? You obviously run Fate the label,
Speaker 4: which is this incredible inclusive clothing brand that does something
Speaker 4: that not a lot of other brands do. So I'd
Speaker 4: be interested to know how you kind of feel get
Speaker 4: that all out.
Speaker 3: I think the first thing to remember when it comes
Speaker 3: to starting a business is it's okay if you have
Speaker 3: no idea what you're doing. I think there's a lot
Speaker 3: of pressure and I can only imagine, like I obviously
Speaker 3: started fake six years ago now and it's different now
Speaker 3: to what it was back then, and I'm kind of
Speaker 3: glad that I started back then because now I can
Speaker 3: imagine someone wanting to start a business and seeing all
Speaker 3: of these established business owners online on TikTok and Instagram
Speaker 3: and all this and that, and you would feel like you,
Speaker 3: in a way are comparing yourself to them at where
Speaker 3: they are at their journey now. And I always say
Speaker 3: to people like, don't look at me and compare you
Speaker 3: at the beginning of your journey to me where I
Speaker 3: am now six years in. It can very much look
Speaker 3: like I've got all my shit together and then I
Speaker 3: know what I'm doing and that's one hundred percent correct.
Speaker 3: But at the same time, I still feel like I'm
Speaker 3: figuring all this out as I go. And I guess
Speaker 3: the beauty of business, especially like a startup and starting
Speaker 3: it yourself, is.
Speaker 2: You don't have to know how to do everything.
Speaker 3: No one does. No one when they start a business
Speaker 3: knows what they're doing. Like you're not born knowing how
Speaker 3: to be a business owner, the same way you're not
Speaker 3: born knowing how to be a boss. You quite literally
Speaker 3: learn everything as you go, and the only way that
Speaker 3: you learn is by trying one thing, going all right,
Speaker 3: I'm gonna do that again, but differently, and that is
Speaker 3: quite literally what owning a business looks like. It is
Speaker 3: just trying, trying, trying, making mistake after mistake after mistake,
Speaker 3: and then just learning to do better by the one
Speaker 3: hundredth time, and then you finally understand what you're doing.
Speaker 3: I can understand that it would be super overwhelming to start,
Speaker 3: and I think the good thing about me when I
Speaker 3: started Fate was that I was so naive to the
Speaker 3: whole thing, and I didn't really have anyone that I
Speaker 3: was comparing myself to. I wasn't seeing all these other
Speaker 3: businesses online being like, oh, I want to be like them.
Speaker 3: And as for me, I'd always had the entrepreneurial spirit.
Speaker 3: I never really realized it at the time, but as
Speaker 3: I mentioned, I dropped out of school really early, and
Speaker 3: throughout my teenage years and into my early twenties, I
Speaker 3: tried my hand at a million little business opportunities, just
Speaker 3: to name a few. I was just wanting to do anything.
Speaker 3: I didn't know that I was wanting to start my
Speaker 3: own business, but I was just on this search. I
Speaker 3: was going through jobs and at the same time trying
Speaker 3: all these little side hustle things.
Speaker 2: So I started a beauty business. At one point, I.
Speaker 3: Could do makeup half okay, So I was doing freelance
Speaker 3: makeup for like thirty five dollars for a full face
Speaker 3: and lashes.
Speaker 4: Stop the bargain.
Speaker 2: I would come to you and do it.
Speaker 3: And then I was living in a shared rental at
Speaker 3: the time, and we had like this brick room underneath
Speaker 3: the back of the house kind of thing, and I
Speaker 3: turned that into a spray tanning studio. So I went
Speaker 3: to my local beauty supply here in Newcastle. I got
Speaker 3: the tent, the machine, all the supplies, and then I
Speaker 3: used my Facebook account because I had what two to
Speaker 3: three hundred people on Facebook at the time, a lot
Speaker 3: of them lived in Newcastle. I would make little graphics
Speaker 3: with like palm trees so bad, fifteen dollars spray tnds,
Speaker 3: come on down and get them even if you want
Speaker 3: three codes, still fifteen bucks. And so I tried that.
Speaker 3: I did makeup. I did mobile makeup. At one point
Speaker 3: I purchased a bunch of plane phone cases off eBay,
Speaker 3: and then I went to spotlight and purchased a lot
Speaker 3: of decorations.
Speaker 2: I have photos of all. This is so embarrassing.
Speaker 4: Please send them to us for because you don't see
Speaker 4: nobody talks about this. No one talks about the hard
Speaker 4: things that they went through to them be successful. So
Speaker 4: you being willing to share, is I think so helpful
Speaker 4: to people.
Speaker 2: Yeah.
Speaker 3: Well, I purchased the phone cases. I sat there gluing
Speaker 3: on all these like gems and stuff, and then again
Speaker 3: I was putting them on my Facebook saying for sale,
Speaker 3: like I sold none, but that didn't matter because like
Speaker 3: I didn't know it at the time, but that was
Speaker 3: me having that entrepreneurial fire in my belly, and I
Speaker 3: was also the kind of person that would say yes
Speaker 3: to anything. I remember at one point my friends, this
Speaker 3: woman owned this secondhand thrift store here in Newcastle and
Speaker 3: she's like, do you want to come and visual merchandise
Speaker 3: our front shop window.
Speaker 2: I was like, of course, Like but I've.
Speaker 3: Never done something like that, however, and then she also
Speaker 3: owned this hair salon and she asked me, can you
Speaker 3: please run our social media? So then I was like
Speaker 3: posting photos to this hairdressing.
Speaker 2: Account for a while there. I tried so many things.
Speaker 3: And at one point as well, when I was more
Speaker 3: in my youtubing days, I started this skincare business called
Speaker 3: NKD like Naked, and I was making coffee scrubs and stuff,
Speaker 3: and I had like a little business partner, kind of
Speaker 3: in like the early Frank Body days.
Speaker 2: I did that for a while, but then I gave
Speaker 2: up on it because it wasn't for me.
Speaker 3: So by the time it came to launching Fate, and
Speaker 3: one of the amazing things about Fate, which I love
Speaker 3: telling people, is it was just another one of those
Speaker 3: little ideas. It was just like the spray tns. It
Speaker 3: was just like the phone cases. It was just like
Speaker 3: running the social media for some random hair salon. It
Speaker 3: wasn't this grand, big idea. It was like, oh, yeah,
Speaker 3: I'll give that to go, like you know, because I
Speaker 3: was just always willing to give anything go. Yeah, if
Speaker 3: you had told me back then that it would lead
Speaker 3: to where I am today, I would say, no way, that's.
Speaker 2: Not gonna happen at all. Like this was this tiny
Speaker 2: little thing.
Speaker 3: I had a double garage underneath my townhouse rental at
Speaker 3: the time, and I said to my partner, Aja, sorry,
Speaker 3: like you're losing your car spot. You have to park
Speaker 3: out on the street because I'm going to start this
Speaker 3: business under here. And I went to Bunnings and I
Speaker 3: got a bunch of plastic tubs and that's where my
Speaker 3: stock was going to go. And I put a table,
Speaker 3: I got a printer, and I honestly just figured out
Speaker 3: all of those little things step by step.
Speaker 2: And you just figure it out.
Speaker 3: I quite literally remember the day I was googling how
Speaker 3: to ship parcels in Australia. Yeah, and then you know,
Speaker 3: going on the Australia Post website, signing up, joining Facebook
Speaker 3: groups for women in business, trying to make connections there
Speaker 3: jumping online how to manufacture products. And the thing with
Speaker 3: business is I heard someone say once, and it's so true.
Speaker 3: Sometimes taking the first step is so embarrassingly small that
Speaker 3: a lot of people never take it.
Speaker 4: That's so true, Like you get in your own way
Speaker 4: before exactly what our listener said, she didn't want to
Speaker 4: quit before she even started because she was feeling so overwhelmed.
Speaker 3: Yeah, but it's there's no Again, I'm referencing my own podcast,
Speaker 3: but I do have an episode of every single step
Speaker 3: that you need to take to start a business in Australia.
Speaker 4: Perfect.
Speaker 3: That's one of my very first episodes. If you want
Speaker 3: to hear it in depth. I'm obviously not going to
Speaker 3: run through.
Speaker 2: That today with you will be here for another hour.
Speaker 3: But it's just writing everything down that you think you
Speaker 3: need to do and just tackling those steps one by one.
Speaker 3: And when it comes to costs, which I'm sure you
Speaker 3: guys can talk more to as well, it's figuring out
Speaker 3: how much all those things are going to cost, writing
Speaker 3: them down and seeing if it is feasible for you.
Speaker 3: I've heard a lot of people say you don't need
Speaker 3: much to start a business, and again, I think it
Speaker 3: depends on what you're doing. Yeah, you know, if you're
Speaker 3: decorating iPhone cases like me at home, that's obviously going
Speaker 3: to be a lot lower of a cost compared to
Speaker 3: if you're actually manufacturing something and you're needed to do
Speaker 3: samples and everything. So it's really hard to say how
Speaker 3: much starting a business costs. But I would say, especially
Speaker 3: if you are starting a product based business and you
Speaker 3: are manufacturing stuff and then you're sampling, you're going to
Speaker 3: need at least like five thousand dollars to get yourself started,
Speaker 3: because it really all does add up, all those little things,
Speaker 3: like even once you've done your products and then you
Speaker 3: need your mailer bags and your labels.
Speaker 4: And nine the things.
Speaker 3: Yes, all those things that you absolutely need, Like that's
Speaker 3: where the costs will really start to rack up. And
Speaker 3: you need racks in your house to put your products in,
Speaker 3: just all those little things. Yeah, but I would just
Speaker 3: really map it out and you'll get a good idea
Speaker 3: from there in terms of how much it is going
Speaker 3: to cost.
Speaker 6: This kind of like business idea never started, but when
Speaker 6: I don't know how useful this will be to our
Speaker 6: community member. But my best friend did try to start
Speaker 6: a business like a few years ago. She now has
Speaker 6: like a couple of coffee vans, which is awesome, so
Speaker 6: she could probably you know, there's some inside I could
Speaker 6: probably take from that. But basically when she tried to
Speaker 6: start the business, this is something I kind of struggle
Speaker 6: with too. There are so many ideas that I have,
Speaker 6: and I'm like, where do I even start? Like how
Speaker 6: do I create something that doesn't exist yet?
Speaker 5: You know what I mean?
Speaker 6: And so what she did was find businesses that are
Speaker 6: currently existing that are similar to the ones you want
Speaker 6: to start. And I feel like somewhere on their page
Speaker 6: they have their manufacturer details and they kind of like
Speaker 6: google that, and I guess, like all the little things
Speaker 6: like how do you actually where do you go? What
Speaker 6: do you start with? How do you create something doesn't
Speaker 6: exist yet? Find places that are similar to what you're
Speaker 6: trying to start, see if there's any info on the
Speaker 6: actual website, and exactly as you say, brit Like again.
Speaker 5: Like I'm no expert at all, but and you definitely are.
Speaker 6: But I'm like, yeah, just trying to build those connections,
Speaker 6: whether it's like literally reaching out to a manufacturer or
Speaker 6: reaching out to a pre existing business and seeing if
Speaker 6: anyone will give you some advice somewhere if it's in
Speaker 6: the same kind of like realm as what you're trying
Speaker 6: to start.
Speaker 5: But yeah, it is all very confusing.
Speaker 6: I don't understand it, and that advice probably didn't do
Speaker 6: anything for anyone because I don't know anything.
Speaker 3: I think that's a good I think it's a good
Speaker 3: point though, like, don't underestimate the power of networking. Yeah,
Speaker 3: and you'd be surprised how many people are out there
Speaker 3: that are willing to help you or give you advice.
Speaker 3: And I know that's what I did in my early days.
Speaker 3: I joined every women in e Commerce Facebook group that
Speaker 3: I could find, and there's tons of them that have
Speaker 3: tens of thousands or hundreds of thousands of members, and
Speaker 3: you can post in there and say, hey, I want
Speaker 3: to connect with people.
Speaker 2: I'm looking to get custom packaging made.
Speaker 3: And one of the most amazing things as well, and
Speaker 3: something that I always think is we have this thing
Speaker 3: at our fingertips called Google, and it is like people
Speaker 3: will be like, how did you figure that out?
Speaker 2: I'm like, I literally googled that shit and I figured
Speaker 2: it out.
Speaker 3: And now we have AI and we have chat, GPT,
Speaker 3: like we have all of this information right at our fingertips,
Speaker 3: and that's how I figured.
Speaker 2: Out my whole business.
Speaker 3: I didn't know anything, and now I know everything I
Speaker 3: know because I just did my research and I google
Speaker 3: the shit out of everything, and I continue to google
Speaker 3: the shit out of stuff every single day. And people
Speaker 3: will often say like how do I start a business?
Speaker 3: Like what's the first thing that I do? And you know,
Speaker 3: you could quite literally jump onto Google and go, hey,
Speaker 3: what's the first thing I need to do if I
Speaker 3: want to start a business in Australia.
Speaker 2: I think when people say like, what's the first thing
Speaker 2: that I do? Or where do I start? I don't
Speaker 2: think they're necessarily asking that question exactly. I think they're
Speaker 2: also asking.
Speaker 3: I'm scared, I'm hesitant, I'm worried that it won't work out.
Speaker 3: I think that's what actually stops people, because if you
Speaker 3: want to find out how to start a business in Australia,
Speaker 3: the world is your oyster. When it comes to Google
Speaker 3: and the Internet. I think it's more so them wanting reassurance.
Speaker 3: When I get asked that question, it's not how do
Speaker 3: I start a business? It's like, I know I want
Speaker 3: to start one, but I'm really scared yeah, and it
Speaker 3: is scary and it's a lot, and it's more than
Speaker 3: you would ever think when it comes to business. But
Speaker 3: that's like the beauty of it is starting from scratch
Speaker 3: and figuring it all yourself, because I don't think there's
Speaker 3: any other way to start a business, Like you've got
Speaker 3: to do all that groundwork yourself in the beginning, because
Speaker 3: let's be honest, like I mean, some people do have
Speaker 3: businesses handed to them, but for the most of us,
Speaker 3: you are there from that very first day figuring out.
Speaker 2: How on earth do I set up a shop of
Speaker 2: fy store?
Speaker 5: Yeah, yeah, one hundred percent.
Speaker 4: On the financial side of things, I think that you're
Speaker 4: absolutely doing the right thing thinking about you know, the finances,
Speaker 4: looking into whether or not it's viable. As you were saying,
Speaker 4: I guess that's a really good tool for risk assessment.
Speaker 4: If you need to invest twenty grand to get started,
Speaker 4: you might go, oh, that doesn't feel comfortable or doable
Speaker 4: for me right now, and maybe you look at something else.
Speaker 4: I would suggest looking into wholesaling. So if you're doing
Speaker 4: a product based business, you know, like you said, you
Speaker 4: were going down to Spotlight and buying all your beads
Speaker 4: and decorations to your phone cases, which is absolutely a
Speaker 4: viable option on a small scale, but you'll find that
Speaker 4: you can save a lot of money purchasing things wholesale.
Speaker 4: So whether that's direct frum suppliers, there absolutely is some
Speaker 4: things manufactured here. I know a lot of companies, you
Speaker 4: know you supplies and manufacturers. There's a lot of great
Speaker 4: ones in Asia, and they're super close to us. Obviously,
Speaker 4: you know, doing your research into who you're working with
Speaker 4: and the ethics of those places, if that's important to you,
Speaker 4: is also something that you might need to consider. But
Speaker 4: even from you know, direct manufacturers on shore, a lot
Speaker 4: of the time you can purchase things in larger quantities
Speaker 4: at a much better price than just going down to
Speaker 4: your local store and buying the bits and pieces that
Speaker 4: you need as one offs over the counter. The other
Speaker 4: thing that I would maybe suggest in terms of like
Speaker 4: finding suppliers and manufacturers, not that I have any experience
Speaker 4: whatsoever in this, but is just making sure that you're
Speaker 4: speaking to a couple of people, like anything, getting quotes
Speaker 4: from multiple places so you can compare prices, getting samples
Speaker 4: from multiple places so you can compare quality sample everything.
Speaker 3: I've seen so many video nightmares of people like ordering
Speaker 3: stuff from Ali Baba, which is like a massive website
Speaker 3: where you can find all the manufacturers in the world.
Speaker 3: I feel like everyone knows about Ali bub You guys
Speaker 3: know about Ali Barber might.
Speaker 4: Let's not assume it's a great platform.
Speaker 3: Yeah, so that's like a essentially a hub where you
Speaker 3: can find manufacturers for anything and everything. But even if
Speaker 3: you are jumping on there and connecting with manufacturers and
Speaker 3: you can do research into their businesses, don't just go
Speaker 3: with one and then stick with them and definitely explore
Speaker 3: those options, get samples made, don't just order based on
Speaker 3: a photo that they've sent you. I've seen some nightmare
Speaker 3: videos pop up on TikTok being like this is what
Speaker 3: I thought I was ordering, and then it's showed up
Speaker 3: with like another company's logo on.
Speaker 2: It or whatever.
Speaker 3: I'm sure a lot of people have made really expensive
Speaker 3: mistakes there. So yeah, definitely shop around as expensive as
Speaker 3: it can be. Then sampling with multiple manufacturers, like it's
Speaker 3: something that you have to do to ensure that quality.
Speaker 4: Yeah, it's the equivalent of measure open well, measure twice,
Speaker 4: cut once, isn't it like do the due diligence at
Speaker 4: the start to get what you need down the track
Speaker 4: and save yourself from a huge, very expensive mistake. And
Speaker 4: if you are ordering online where possible, I would just
Speaker 4: say pay using secure payment options, because if you're dealing
Speaker 4: with companies or I can imagine would be very overwhelming,
Speaker 4: you know, going into this pool of people and within
Speaker 4: you know, like anything, there will be people out there
Speaker 4: who are not doing the right thing and it can
Speaker 4: be hard to differentiate that, especially if you are looking
Speaker 4: at international places, so you know, pay via PayPal, pay
Speaker 4: via a credit card that has some kind of protection
Speaker 4: on it, especially in those early days when you don't
Speaker 4: have the connections, you maybe don't know how to discern
Speaker 4: what is legit and what's not. Just that little extra
Speaker 4: step of protection I feel like might be kind of helpful.
Speaker 3: Yeah, if someone says do you want to do a
Speaker 3: direct transfer or whatever, just be like no, like I'm
Speaker 3: using PayPal.
Speaker 4: Immediately, nop powder there before we go. We did ask
Speaker 4: everyone on Instagram what they think and if you want
Speaker 4: to participate, we're actually is the money AUS. We love
Speaker 4: putting our dilemma up every week and putting our feelers
Speaker 4: out for what you guys think true. The first question
Speaker 4: we asked was do you have a small business, and
Speaker 4: we had seventeen percent of people say yes, fifty four
Speaker 4: percent of people said no, and twenty nine percent of
Speaker 4: people said I want you, but I don't know where
Speaker 4: to start, which is a huge number. We said, if
Speaker 4: you do have a small business, what were the first
Speaker 4: steps that you took at the beginning of your journey.
Speaker 4: Somebody said they contacted as many potential clients as possible
Speaker 4: to put themselves on people's radar. Somebody else said they
Speaker 4: found a gap in the market so that they could
Speaker 4: see that they would be able to service people that
Speaker 4: weren't currently being serviced, which I feel like is a
Speaker 4: little bit what you kind of did with Fate. We
Speaker 4: found that point of difference and really, you know, looked
Speaker 4: after so many people that didn't have people that were
Speaker 4: thinking about them. Somebody else said they budgeted their outlays
Speaker 4: and checked if they could afford to lose the money
Speaker 4: if they didn't work out. And I feel like that's
Speaker 4: a really great perspective. Look at it as a bit
Speaker 4: of an investment. You're taking on risk starting a business,
Speaker 4: and maybe it'll be amazing, and maybe it'll take off,
Speaker 4: or maybe you won't sell any phone cases.
Speaker 3: And mind you, the phone cases were hideous, Like I
Speaker 3: just want to throw that out there, like I'll send
Speaker 3: you guys photo. It's embarrassing, but it's like something I'm
Speaker 3: proud of because.
Speaker 2: I was trying to.
Speaker 4: Do something, Like it's something to be a because if
Speaker 4: they were disgusting, it's a good story now. But it
Speaker 4: really like it taught you something that you're using and
Speaker 4: you're bringing up now and sharing with people. Somebody else
Speaker 4: said they figured out what exactly their services were going
Speaker 4: to be and what they could offer. Someone else said,
Speaker 4: check all the permits and stuff, which I think is
Speaker 4: a great point. Depending on what product or industry, what whatever.
Speaker 4: Check permits, check copyright, all those kinds of things. Make
Speaker 4: sure you're not going to be infringing on something or
Speaker 4: in a little bit of hot water. Later, somebody else said,
Speaker 4: write a business plan. The common thread very much is
Speaker 4: do the work up front to pre plan yes, which
Speaker 4: I think really echoes kind of what we all were saying.
Speaker 3: I think I have one to add there as well,
Speaker 3: Sorry to cut you off. Another thing as well is
Speaker 3: to like ask yourself some important questions before even getting
Speaker 3: to the point of like then writing a business plan
Speaker 3: or coming up with your idea, or maybe you've already
Speaker 3: got the idea. But a really important question that I
Speaker 3: would ask myself if I was starting something new. And
Speaker 3: obviously I didn't ask myself this when I was starting
Speaker 3: fake because I never thought that it was going to
Speaker 3: be something grand, like it was just the thing that
Speaker 3: I thought, Yeah, that sounds like a good idea, Let's
Speaker 3: give it a go. But I'd really encourage people to
Speaker 3: ask themselves what it is they're wanting to do.
Speaker 2: Is something that they genuinely really want to do.
Speaker 3: I think because of social media again and how it
Speaker 3: is this highlight reel and you know, even I make
Speaker 3: business look so fun and easy and Laddie there and
Speaker 3: tiktoks and dancing around the warehouse, it can be very
Speaker 3: easy for people to go, I want to start my
Speaker 3: own business because it looks so fun. I can set
Speaker 3: my own hours, like I can have a great work
Speaker 3: life balance, and the reality of that is the absolute opposite,
Speaker 3: like you will work more than you ever have. So
Speaker 3: I think it's really important to stop and ask yourself,
Speaker 3: why do I want to start my own business, Like
Speaker 3: what is my reason for wanting to do this, and
Speaker 3: if you already have your idea, is this something that
Speaker 3: I can see myself doing in five years time from
Speaker 3: now or is it something that I just think is
Speaker 3: cool or fun or interesting now?
Speaker 2: Because business is such a big commitment. Yeah, and once
Speaker 2: you're in.
Speaker 3: There's really no turning back, especially if that business then
Speaker 3: starts to scale. Like sometimes I step back and look
Speaker 3: at what I'm doing, like, oh my god, like this
Speaker 3: has gone really far, like like there's no backing out now,
Speaker 3: you know.
Speaker 2: If I wasn't, I'm just lucky.
Speaker 3: I'm passionate about what I do, because man, I've dug
Speaker 3: myself a really deep hole.
Speaker 2: If I don't want to be in this anymore.
Speaker 3: So i'd really like ask yourself, you know, why is
Speaker 3: it that I want to do? What is my motive
Speaker 3: behind wanting to start this business? And I am I
Speaker 3: ready for this commitment because it's the biggest commitment you'll
Speaker 3: ever bloody make in my opinion.
Speaker 4: Yeah.
Speaker 3: Yeah, that's another thing I do too, like make sure
Speaker 3: it is something that you can see yourself doing for
Speaker 3: the long term, or for at least for like a
Speaker 3: long period of time.
Speaker 4: That's awesome advice, And I feel like the perfect place
Speaker 4: to kind of leave it off as well. The last
Speaker 4: thing I would add is listen to podcasts. There's so
Speaker 4: many resources out there for your Instagram pages. We obviously
Speaker 4: have the Business a series that we've done where we
Speaker 4: cover so much about small business, but you've just launched
Speaker 4: obviously your own as well. Tell people where they can
Speaker 4: find that. Tell people where they can find you, because
Speaker 4: I feel like you're so open with sharing your journey
Speaker 4: and that's really what people need to kind of help
Speaker 4: them figure out is listen to other people and what's
Speaker 4: happened for them.
Speaker 3: Absolutely, if you want to come and listen to my podcast,
Speaker 3: it's called Big Business, and you can find.
Speaker 2: My podcast wherever you get your podcasts.
Speaker 3: And I'm only up to like episode six or something,
Speaker 3: so it's still really new and it is genuinely a
Speaker 3: great place to start if you are new to business,
Speaker 3: because with my episode so far, I've kind of taken
Speaker 3: it back to the very beginning and I'm like going
Speaker 3: through all the phases and I'm being an open book
Speaker 3: on there. And I've had so many people dm me saying,
Speaker 3: I love how transparent you are.
Speaker 2: Being with this.
Speaker 3: I don't want it to be a Business podcast where
Speaker 3: it's just like, oh, business is just so fun and
Speaker 3: it's really challenging sometimes, but I really love it. Like
Speaker 3: each episode, I'm gone, this is what happens in business,
Speaker 3: this is how much things cost. I really want to
Speaker 3: try and share as much information with people as I can,
Speaker 3: because I never listened to anyone talking about that when
Speaker 3: I started Fate, and I would have loved to. Yeah,
Speaker 3: feel free to look me up Big Business. You can
Speaker 3: find me on Instagram and on TikTok. Just look up
Speaker 3: my name anywhere and everywhere.
Speaker 4: Amazing. We'll want some links in the show notes for
Speaker 4: you guys. Definitely check it out. And Britt, thank you
Speaker 4: so much for joining us and sharing all of your.
Speaker 2: Inside having me. It's been great to be here. Come
Speaker 2: back some time. Yeah, all right, I'll be back next
Speaker 2: week introducing.
Speaker 4: Our brand new co host for your Sorry, Victoria, you've
Speaker 4: been right.
Speaker 5: Our producer will let Victoria know that she's no longer needed.
Speaker 2: Yeah, yeah, we'll see you stepping in.
Speaker 6: You've been so great. Thank you so much, Brett. You're
Speaker 6: just amazing, You're so inspiring, So thank you so much again.
Speaker 4: Have a good weekend, guys, and Victoria will see you
Speaker 4: bright and early on Monday for money Darry Bye Guys.
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