Brittney Saunders Turns Lemons into Lemonade

Add the yay to your Friday as Jess and Bec are joined by the force that is Brittney Saunders! The entrepreneur, podcaster and founder of FAYT The Label, shares her refreshing insights into making the most of business mistakes, the cost of hiring the wrong person for the job, her formative entrepreneurial experiences from making phone cases to spray tans in her basement and SO much more!

Plus the team give thoughts on this weeks Money Dilemma of scaling your business, and our community D.M on managing a toxic work environment.

Check out Brittney's podcast Big Business with Brittney Saunders!

Acknowledgement of Country By Natarsha Bamblett aka Queen Acknowledgements.

The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs.  Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708,  AFSL - 451289.

See omnystudio.com/listener for privacy information.

Episode Transcript

Speaker 1 (00:00):
Hello, my name's Santasha Nabananga Bamblet. I'm a proud yor
the Order Kerni Whoalbury and a waddery woman. And before
we get started on She's on the Money podcast, I
would like to acknowledge the traditional custodians of the land
of which this podcast is recorded on a wondery country,
acknowledging the elders, the ancestors and the next generation coming

(00:22):
through as this podcast is about connecting, empowering, knowledge sharing
and the storytelling of you to make a difference for
today and lasting impact for tomorrow.

Speaker 2 (00:33):
Let's get into it.

Speaker 3 (00:34):
She's on the Money, She's on the Money.

Speaker 4 (00:58):
Hello, and welcome to She's the Podcast Millennials who Want
Financial Freedom. My name is Jessica Rickey and as always,
I've got the beautiful Becksyed joining me No Victoria for
the next month or so. She's living her best europe
life must be very nice.

Speaker 5 (01:13):
It must be nice.

Speaker 4 (01:14):
But I'm excited because we're bringing back the guest episodes.
You guys loved them, so did we, And I'm really
really excited because we've got an awesome guest joining us today.
We'll be sharing some of our favorite money wins, helping
to answer a juicy money dilemma, which this week is
all about discovering your dream job is actually a bit
of a toxic nightmare, and we're going to unpack something

(01:36):
you slid into our DMS about which this week is
all about figuring out costs and suppliers when starting a business,
which I think today's guest will have some insight.

Speaker 5 (01:46):
To share that oo so mysterious.

Speaker 6 (01:49):
We are super excited today to be joined by founder
of fashion brand Fate podcast in all round force of inspiration,
Britney Saunders.

Speaker 5 (01:58):
Welcome.

Speaker 3 (01:59):
Oh hey guys, I love that intro. You're making me
sound amazing.

Speaker 1 (02:03):
You are.

Speaker 4 (02:06):
I feel like there's gonna be a lot of people
so excited to hear this episode because you're super well
known now because you're a bit of a business mogul,
You've got so much going on, but also a lot
of people who maybe remember you from like way back
in the og beauty guru YouTube days.

Speaker 3 (02:20):
It's it's been a really interesting journey for me to
go from that like YouTube days back in the day,
like they were the glory days of the Internet, to
now I've just fully, you know, gone in this other direction.
And I remember for so many years I'd run into
people out and about and it'd be like, I love
your videos, I love your YouTube, And now it's just

(02:43):
super cool. It's people will be saying I love your
podcast or I love your business source. You know more
so what I'm doing now, which is super cool.

Speaker 4 (02:51):
You're one of the few people that I feel like
really transitioned super cleanly from that space into another space
like spring board it off, and really like established yourself
as a super not official but like you run so
many businesses now you seem so successful. So I'm really
excited to hear more about that, and I'm sure everybody
else is too. But before you get started, has everybody's

(03:14):
week been do you.

Speaker 5 (03:15):
Want to go first for it?

Speaker 2 (03:16):
Yeah? My week is.

Speaker 3 (03:17):
I mean it's only tuesdays so far, so so far,
so good. I go to Sydney every single Monday. So
I'm based in Newcastle.

Speaker 2 (03:25):
Yeah.

Speaker 3 (03:25):
So I'm based in Newcastle, which is like two and
a bit hours from Sydney. So every Monday is my
podcast day in Sydney, so I go there and back
every Monday. So I did that yesterday and then this
morning we've done a bit of a photo shoot this
morning and then I've ducked out of the office to
come and do this podcast with you guys.

Speaker 2 (03:41):
So so far the week is great.

Speaker 4 (03:43):
Well, he did a lot. It's only like in the morning.

Speaker 6 (03:47):
Oh my god, busy, busy girl. That is extremely impressive.
I could do half of those things in like a
whole month. That sounds awesome.

Speaker 5 (03:57):
But jess what about you? How's you we been?

Speaker 4 (03:59):
It's been good. Not a lot on obviously vd's away
missing dearly. Just I think enjoying the wintery weather that
we've had. The crazy vibes.

Speaker 2 (04:09):
Yeah, I love that fashion.

Speaker 3 (04:10):
I can winter fashion so much more than summer, Like totally.
I love summer weather because it makes me feel like
I want to go out more and do things, and
on the weekends I want to be out doing things.
But I kind of love this cooler weather and rugging
up and wearing like all my favorite clothes and they're
not feeling guilty if I am just staying home all
weekend doing absolutely nothing, Whereas when it's a beautiful day outside,

(04:31):
I'm like, I really should get out there.

Speaker 2 (04:33):
But I love winter for that.

Speaker 4 (04:34):
Yeah, like listening to the rain on the roof, the
leak in my roof has been fixed, by the way
for anyone at home. So now I'm back to enjoying
the cooler weather.

Speaker 6 (04:43):
I think, no more anxiety, No, not at all. It's
just coziness, pure coziness. It's been really good also enjoying
the weather. It's really like winter is the month of
guilt free rest. I think, not that you know, you
should never feel guilty for resting, but just like this
thing we do to ourselves, but winter is like time
for coziness, time for rest, time for just like wholesome wholesomeness.

Speaker 5 (05:04):
Have always been really.

Speaker 6 (05:05):
Good, just been seeing friends, just going out obviously, you know,
with limited funds, been trying to find ways to have
fun without money, and it's actually been an exciting challenge
of set for myself.

Speaker 5 (05:15):
So yeah, it's been really good week so far.

Speaker 4 (05:18):
Amazing.

Speaker 6 (05:18):
Yeah, speaking of money challenges, Oh very nice?

Speaker 5 (05:23):
Was that good?

Speaker 4 (05:23):
That was good?

Speaker 5 (05:24):
Who money wins all losses? Do you have this week?

Speaker 4 (05:27):
I've got a good little round up for you guys
this week. I'm going to start with one from Kim
who said I achieved my initial three thousand dollars emergency
fund savings goal, which I'm going to be topping up
every fortnight with extra hundred bucks. She had her first
investment on Charesis. She had some overtime work last Saturday
and the money is going to be added to her
emergency fund and her investment. And she said she's back

(05:48):
doing an office job as a part of hersal conment.
And she said it's a win because she can listen
to the podcast while working from home.

Speaker 1 (05:55):
Cute.

Speaker 5 (05:55):
I love that.

Speaker 4 (05:56):
Four wins. Well done, Kim. Next, I've got a money
win from Beck who said good name back, absolute money win.
We were gifted a bunch of cleaning supplies when we
bought our first house in December, which was also a
big win. It included a very luxe centered fabric softener.
Say that five times fast, And she said at Coals
it's fifteen bucks one point nine leaders. But she happened
to be at Costco and got five leaders for seventeen dollars.

Speaker 5 (06:19):
That's so good.

Speaker 4 (06:20):
One of the few times that Costco is actually cheaper
than everywhere else. Cause I feel like it never is normal.

Speaker 2 (06:25):
You reckon, it's not you reckon, it's just the same.

Speaker 4 (06:28):
You've got to do the unit. So a lot of
the time you're buying heaps but it's not as much
depending on what the item is a lot of the
times if you compare it to like your coals or
wooly sale price, it's not necessarily as much.

Speaker 2 (06:41):
Probably bad.

Speaker 3 (06:42):
You love costco though, like I love just going there
experience and going through every island just seeing all the
stuff that's there.

Speaker 2 (06:50):
It's amazing.

Speaker 5 (06:50):
It's so goodtally buying nothing, just looking.

Speaker 2 (06:54):
Taking.

Speaker 4 (06:56):
And trying all the samples one hundred percent. And the
pizza the pea through is so good. Next, I've got
a money win from Lauren and she said she received
a notification that a unit next door to hers had
termites in their side fence. Sounds like money loss. They
organized for apest and termite inspection as she could see
parts of her fence were looking a little bit spicy.

(07:16):
Turns out the mowing guys were going too hard on
the whipper snipping no termites, and the company didn't charge
her for the inspection.

Speaker 5 (07:23):
Oh great.

Speaker 4 (07:25):
So sometimes the worst case scenario is in fact the
best case scenario.

Speaker 5 (07:28):
True.

Speaker 4 (07:28):
Love that for you, Lauren. And then lastly I have
a money win from Millie who said I used my
wrong debit card when I tried to pay for parking
at work, and it declined and I got so embarrassed
and let the person behind me go first. Happens to
me literally all the time, she said. Once they'd finished,
she went to pay for her parking and it had
already been paid. She wasn't looking, so she's not sure
if the people in front of her paid for her

(07:50):
or if it was just a glitch, but the universe
aligned and she was feeling super blessed.

Speaker 5 (07:54):
Wow, that is really wholesome.

Speaker 6 (07:56):
I can imagine that the person in front was like, oh,
it declined, I'll pay for you.

Speaker 4 (08:00):
That is so sweet. Has that ever happened to either
of you, guys, where someone's like paid for something like
in front of you or like for you.

Speaker 3 (08:06):
No, not for me, but I feel like I should
do it for someone, like I always see that on
TikTok and stuff, like people paying for the car in
front of them. Yeah, I think, or like paying it
forward with coffees as well, like I know a lot
of people do that.

Speaker 2 (08:17):
Yeah.

Speaker 4 (08:17):
Yeah, it's such a fun idea. I've never done it
because I've never been in a position where it felt
like it made sense to me to do it. But
I go it seems like such a fun idea. I
need to figure out how to pay it forward.

Speaker 5 (08:28):
It would be so cute.

Speaker 6 (08:28):
I think that, like the only time I've kind of
had that is when you know someone is leaving a
car park and the like, do you want to use
the rest of my ticket?

Speaker 1 (08:34):
You know?

Speaker 4 (08:34):
Yeah, Oh that's kind of cute. That is iconically Australian.

Speaker 5 (08:37):
Yeah, totally.

Speaker 3 (08:39):
I think I saw another video the other day too
of someone topping up someone's needed parking in their car
or something, so they saw that it was about to
run out or whenever they put a fresh one for
them in there like paid it again.

Speaker 4 (08:51):
Yeah, it's sweet in literally, it's just like it makes
you feel good, does it?

Speaker 7 (08:54):
Yeah?

Speaker 4 (08:55):
Now, Britt, we did only ask our guests if they
have a money in all have money loss that they
would like to share, to bring one to the table
if you happen to have one with.

Speaker 2 (09:02):
You, Yes, I actually have.

Speaker 3 (09:04):
I've got two money losses that also related to business.
One's about turning lemons into lemonade, and then the other
one is just a bit of a general lesson in
business in general. So a big money loss for us
that we experienced in our business, but then we turned
it into something positive.

Speaker 2 (09:23):
And I think that's something important.

Speaker 3 (09:24):
To remember, is you can, you know, take a really
negative situation and turn it into something great. Was last year,
we had manufactured these beautiful corset tops and they were
kind of like silky and finished with boning in them.
And it was our first time ever making corsets. And
they're obviously really tricky compared to like a usual top
or whatever that's really stretchy because I've got a lot

(09:46):
of structure in them. But when our bolk stock arrived
and we've made these corsets in like four different colors,
the straps were just a little bit too long, and
because they were like made of this silk fabric with
no adjustable straps, it was kind of like they're gonna
fit some people and they're not going to fit others. Yeah,
And so it was this whole dilemma of like, we
can't sell these because when we shot them on the models,

(10:07):
like it was not fitting them, right.

Speaker 5 (10:09):
What are we going to do?

Speaker 2 (10:09):
Like this is a massive.

Speaker 3 (10:10):
Loss for us, Like we've got these four corsets, the
bulk stock is here, what are we going to do?
And I was speaking with my partner Aj and then
we just come up with this idea, why don't we
just because we don't want them to go to waste obviously,
but I didn't want to sell them because with us,
like I don't want to sell anything that.

Speaker 2 (10:26):
Isn't like amazing quality.

Speaker 3 (10:28):
Yeah, so then we said, like, why don't we We're
obviously not just going to throw these tops out that
is completely wasteful. What if we just give them away
in people's orders just as like a gift and then
we just cop the loss, you know, of the manufacturing
we're not selling them. So then we're like, all right,
let's do that, and we'll just put them in people's
orders that have ordered a top so that we like
have an idea roughly of their size.

Speaker 2 (10:49):
And then so we got these little cards.

Speaker 3 (10:51):
And we got like a bunch of them printed out
for the same amount of tops that we had, and
then we'd pop them in every order saying like, hey,
this is a little gift from us to you, like
it may not fit or it might fit someone that
you know, And we kind of tried to make it
this whole like maybe you can give this top a
life in some way if people were handy, like they
could probably shorten the shoulder strap. So that was like

(11:12):
our little activation I guess that we made. We also
made a video about it and chucked it up on
Instagram and TikTok, and I kind of was just like
laughing about the mistake that we'd made and just said, oh,
we've made all these corsets and this hasn't worked out,
but we're going to be throwing them in people's orders
just to kind of teach a lesson of you know,
turning those lemons into lemonade. And then it ended up
being kind of a win for us because that video

(11:36):
then absolutely blew up on socials and then we ended
up getting like so manys because then all of a
sudden people were like, I want one of these toph
and so it all kind of worked out at the end.
We had like so many people placing in orders just
in hopes to get the corsets, even though that wasn't
like the objective at all, and it turned out to
be this really positive thing even though we'd obviously lost

(11:57):
the money on the tops. It kind of made this
really nice vibe within our community and people were getting free.

Speaker 2 (12:03):
Tops, and yeah, kind of worked out well in the end.

Speaker 5 (12:06):
Yeah, I love that and then I.

Speaker 3 (12:08):
Did have another one that comes to mind, which is
more of a loss that business owners will experience, and
it's probably not something that people think of much, but
it's very real and relevant to me and to any
other business owners out there. A huge loss that a
lot of business owners will experience is hiring the wrong
person for the job.

Speaker 5 (12:29):
Oh tell us right.

Speaker 3 (12:35):
So it's is something that I've experienced time and time again.
It's something that all business owners will experience, and it's
not something that you ever really think about. And this
is what I speak about a lot on my new
business podcast, Big Business Shout Out to my own podcast.
It's brand new, but it's just one of those things
that I never thought about when I started Fate. But

(12:58):
hiring the wrong person for the job can be a
huge loss for a business financially, and I guess I
just really want to stress the importance of spending your
time finding that right person.

Speaker 2 (13:10):
And it can be really tricky because.

Speaker 3 (13:13):
The reason why it can be a loss for a
business is you spend so long doing your hiring process
for that particular role. You've got everyone in your team
hiring them, interviewing, going through resumes, calling references, doing all
these rounds of interviews. You then get this employee on
their contracts and everything like that. Like all this takes time, effort, money.
You're paying everyone to do these things. Then you have

(13:35):
this new person come into your business, and then you're
spending all your time and energy training them for.

Speaker 2 (13:41):
Getting them into the team.

Speaker 3 (13:42):
And then if for some reason, for whatever reason, there
can be a billion reasons, it doesn't work out or
that person isn't the right fit for.

Speaker 2 (13:49):
The role, then you're back at square one.

Speaker 3 (13:52):
So it's really important for anyone out there in business,
especially if you're new to business or if you're a
startup and you're hiring that first employee, which feels like
yesterday to me, and people always ask me, how do
I know when to hire that first employee?

Speaker 2 (14:07):
And I'm scared and I don't know how to trust people.

Speaker 3 (14:09):
My advice so that would be take your time, hire slowly,
and make sure that you're hiring that right person, because
it does cost a lot of money to bring someone
on board, and you want to make sure that that's
that right person because you don't want to be back
at square one and have to do it all over again.

Speaker 5 (14:26):
Hundred percent.

Speaker 4 (14:26):
We talked about that a lot from like an employee
perspective on the show and how if you're like in
a workplace and something's not right, like working with your
employer where you can to you know, upskill or change
or sidestep or whatever, because from you know, for a business,
it makes so much more sense for them to try
and find a way for you to still continue to
fit within the workplace rather than just having you know,

(14:48):
leaving and going somewhere else be your first option because
it is such a big cost to businesses that you know,
on both sides, that makes sense for people to try
and make it work.

Speaker 3 (14:56):
You always want to try, in my experience, to promote
people with in your team rather than constantly just bringing
in new people.

Speaker 2 (15:03):
For sure.

Speaker 3 (15:04):
One of the most interesting parts of that from a
business owner's perspective as well is trying to scale your
company at a sustainable rate that your staff can also
continue to grow with you. Yeah, especially for a smaller startup,
I find but like small startups, they're going to struggle
maybe with their employees not being able to grow as

(15:26):
much as they want to because that owner is in
those startup days. I think back to years ago, you know,
we had our store manager at the time, Grace working
in our store when we just had our one retail
store here in Newcastle, and she was just working like
casually but like quite a lot of hours. But she
would always say to me, like, I really want to grow.
I really want like a full time role. Like I

(15:47):
don't know.

Speaker 2 (15:48):
What it is, I don't care what it is, but
I just really want a full time role.

Speaker 3 (15:51):
And I remember saying her, leave that thought with me,
and I'm going to make it happen for you kind
of thing. And then it's like, you're trying to grow
your company so your staff can grow, and you have
this fear of them going elsewhere because maybe your company
isn't big enough for them yet. Yeah, but now she's
our national retail manager, so she's.

Speaker 4 (16:07):
All good and great. Yeah, how many stores do you have?

Speaker 5 (16:11):
Now?

Speaker 2 (16:11):
We have four and we're about to open the fifth.

Speaker 4 (16:14):
That's amazing.

Speaker 5 (16:14):
I love that you amazing.

Speaker 4 (16:16):
No, Like you know the names of everybody too, Like
that's just really nice. I mean, it's a business that
you know everyone because you'd have so many people, I
guess employee with running all those stores and running all
your other businesses. It's just lovely that you remember, But
we'll come back in the second half of the show
because we have a little bit more talk about employee
employee stuff. But Beck, do you have any super fun

(16:36):
broke tips for us this week?

Speaker 5 (16:37):
I most certainly do.

Speaker 6 (16:39):
Now usually I share two from the community, but I'm
going to reserve one for you, Britt, if you happen
to have a broke tip at the end of this.
So first one from the community is from Catherine, who
says the plant Jammer app or similar gives you recipe
ideas based on what you already have in the fridge
or pantry, which I think is really cool because we
have mentioned that before, like little you know, different websites

(16:59):
and things like that. But the plant jamer app, which
I have not heard of before, I think that would
be very convenient. So just download that, chuck whatever you
have in your pantry or fridge already, and it'll come
up with a recipe for you. You don't have to
spend any money, and I feel like we always feel
like we do. If we have like bread and maybe
a tin of dice tomatoes, you can probably make a
whole meal.

Speaker 5 (17:18):
Out of that.

Speaker 4 (17:18):
You know, it's a brisk getter.

Speaker 6 (17:23):
So I think that's a really cool thing, and also
just like a friendly reminder that that's also an option,
so do that before you go to the shops. And
then my broke tip for this week is it's kind
of like common knowledge. It's a little bit common sensical,
but I also still feel like it's a bit of
a good reminder, as everyone knows, because I won't shut
up about it.

Speaker 5 (17:43):
I don't really have money at the moment in.

Speaker 6 (17:45):
Between jobs, and I have used this week as like
a little challenged myself to have fun without spending much money.
So as I mentioned before, I go to pubs that
have free soda, water things like that. But just the
other day, I think I I spent in total three
dollars and I fed myself and I brought my girlfriend
a little gift.

Speaker 5 (18:05):
And you know how I did that.

Speaker 6 (18:06):
I made It's going to sound disgusting, but it was
really nice. I made a little thing of rice, which
you know, it depends where you go, but you can, like,
if you're being really lazy, you can get like a
dollar twenty five sachets. We just microwave it and that's plenty.
And then I bought a ninety cent can of sardines,

(18:26):
and that was my meal. That's all I needed. That's
actually less than three dollars. And I had like some
bread and stuff. I am cheating because I had bread
already in the house and so but that was like
my that was my dinner.

Speaker 5 (18:35):
And I was like, this is.

Speaker 6 (18:36):
Plenty for me, and that was great and it was
like it kind of felt healthy. All I did was
I like walked around the neighborhood and picked flowers and
made like a mini bouquet and potted it in a
pre existing mason jar. And that was a gift for
my girlfriend. So I spent in total, less than three dollars.
I managed to feed myself all day, and I managed
to bring a cute little gift for my girlfriend to

(18:57):
her house. And I just think that's, like God, that's
such a win win, you know what I mean. Yeah,
So just remember that there are treats around you. Even
if you make a little bouquet of rosemary from your
communal garden, like, there are ways to kind of go,
you know, make someone's day, make your own day without
having to spend much money or any money.

Speaker 5 (19:17):
And I know it's a very privileged position.

Speaker 6 (19:18):
I don't have kids, I don't have like, you know,
anything other than myself to really take care of. So
that's really only relevant if you are like that. So
that's my brogue tip for this week. Find joy in
a little thing so wholesome, and.

Speaker 4 (19:33):
It's those little like thoughtful gifts. They mean so much
more I think than oh, like I felt like I
just bought you this expensive thing, like, yeah, totally took
the time, you took the larva, you picked things that
you thought she would like. Like, I think those things
are so much more meaningful in a relationship than just oh,
I just bought you something because totally you know what
I mean, I could, Yeah, I totally agree with that.

Speaker 5 (19:53):
Okay, do you happen to have a broke tip for us?

Speaker 3 (19:56):
I have a savings tip that I used when I
started to want to save money. But I'm like, maybe
this is something that everyone already does. I don't know,
I could be just saying something here that everyone already does.

Speaker 2 (20:08):
But so I dropped out of school when I.

Speaker 3 (20:11):
Was sixteen, and I didn't even get to experience driving
to school because I didn't get my pees in time,
Like everyone got to drive to school, Like I fully
missed that. I was talking about that with my friend yesterday.
I'm like, I didn't even get to do the whole
like driving myself to school thing. And then so when
I dropped out of school. The reason I dropped out
of school was because all I wanted to do is work.
I wasn't interested in any of the subjects I was

(20:33):
doing at school. I wasn't interested in going to UNI
or anything. I didn't know what I wanted to do.
All I wanted to do was work and earn money.
So I ended up working like in over twenty jobs.
And I was basically on a mission to just try
and find something that I enjoyed doing. And as soon
as I knew that I wasn't enjoying a job, and
I'm talking, I did like waitressing, bar work, retail. I
worked at a school camp, doing sports, instructing.

Speaker 2 (20:54):
Far working sales. I did absolutely everything.

Speaker 3 (20:57):
I was just trying anything and everything, and I would
sometimes it was really bad, Like I would get a
job for three weeks and if I hated it, I'd
just go get another one because I was like, I
don't like that. Would I advise people to do that?
Maybe not, But also like I'm all for trying to
find that thing that brings you happiness, you know, even
though that means you are job hopping.

Speaker 2 (21:15):
But during all those years I had no money.

Speaker 3 (21:18):
I remember constantly looking at my bank account and it
would be in like negative one dollar twenty five, like
just always sitting around there. And throughout my late teens
and into my early twenties, I really did struggle to
save I never had any kind of guidance from family
or anything to save money like that was never taught
to us.

Speaker 2 (21:36):
When we were kids.

Speaker 3 (21:37):
And I moved out of home when I was seventeen
as well, so I never really had anyone around and
to be like, you should save money, and you know,
so it wasn't until I got into my youtubing days
and when I quit my full time job when I
was twenty one to try and be come this youtubeer
like that was my thing that I found that I
really wanted to do that.

Speaker 2 (21:57):
I thought, I'm going to try.

Speaker 3 (21:59):
And save money, which I had never ever done before,
never had more than a couple of hundred dollars in
the bank at any given point. And so the way
that I did it back then, when I was not
working anymore and trying to make this YouTube thing work
and this was like ten years ago now, so this
is when YouTube was so new. I was earning a
bit of money here and there, like just enough to
get by and pay my rent in my sharehouse and

(22:22):
sixty bucks on petrol.

Speaker 2 (22:24):
But what I did was, and it's so basic.

Speaker 3 (22:26):
Everyone probably does this, but you know, I started to
get focused on a certain number that I always wanted
to have in my bank account.

Speaker 2 (22:33):
And I remember starting with one thousand dollars.

Speaker 3 (22:36):
So I would build my bank account up until I
had one thousand dollars in there, and then I would
get really fixated on always trying to make sure that
I had one thousand dollars in that savings account. Mind you,
then like car Regio would come and then it would
go back down again. But I found that having that
number was really motivating. And I just remember starting with that,

(22:58):
I always want to have a thousand dollar, like I
always want to have a thousand dollars. And then once
I got to that, and then I could grow my
account a little bit more beyond that, then I thought
I would change that number and I'd go, I want
it to be two thousand dollars that I always have,
and I think it's really good to kind of. It
was good for me anyway, who had never done any
type of saving before, just to like find a number

(23:19):
that was achievable for me and stick to it. And
then once I was comfortable with that, then I would
up it and go, well, now I want to try
and save five thousand dollars. Yeah, And that was a
way that I started saving in my early twenties.

Speaker 4 (23:31):
Make that competitive nature work for you, girl.

Speaker 3 (23:34):
Yeah, And I don't know what it is, like you've
become a bit obsessive with the number and it's like, nope,
I can't I can't buy that thing that I really
want because I've got my two thousand dollars in savings
and like, I never wanted it to go below that.

Speaker 4 (23:45):
Yeah.

Speaker 3 (23:45):
And I know it's not realistic like if something comes
up or an emergency happens or breadgo or anything like that,
but that was the start of saving for me.

Speaker 4 (23:55):
And it filts a good habit for you for sure.

Speaker 6 (23:57):
Yes, I really like that, and I think I actually
might start doing that.

Speaker 5 (24:01):
That's definitely not well.

Speaker 3 (24:02):
Just have a number, like even if you're just starting
with like five hundred bucks or like mine was a thousand,
and I don't know, I just became really hyper fixated
on always ensuring that I had that.

Speaker 2 (24:11):
Yeah, and then I continued to grow it from there.

Speaker 5 (24:13):
I yeah, that's all really really cool.

Speaker 3 (24:15):
When I had no money, that's how I started saving
and it worked for me. So I always say that
to people if they're wanting to save.

Speaker 5 (24:21):
Yeah, Okay, that's don't feeling right now.

Speaker 4 (24:23):
Yeah, that's an awesome Absolutely. Let's go to a really
quick break and when we come back, we're going to
talk all about getting a job that turns out the
grass is maybe not greener, and also how you can
figure out costs and suppliers and all those really fun
but overwhelming kind of things if you're thinking about starting
a business. So don't go anywhere, guys.

Speaker 5 (24:45):
Welcome back everyone. Here's our money dilemma.

Speaker 8 (24:49):
Hi, there, have you got a money dilemma you just
can't solve? The Sheese on the Money team is here
to help. Every week, we tackle your dilemmas, both big
and small, to answer your most burning money, career and
life questions. To get involved, simply head to our website
and leave us a short voice recording and you might
just find yourself on the show. Now, let's take a
listen to this week's money dilemma.

Speaker 7 (25:11):
Hi, Gils, I'm currently very unhappy at my job. This
is really getting me down because I was certain it
was my dream job. I'm not going to say who
they are, as they're big on socials, but they are
a business that makes great social content and I adored
and followed them for ages because they really resonated with
my values. Basically undepressed and deflated. Because the workplace is toxic,

(25:35):
I know I should leave, but I am finding it
hard now looking at other companies who seem more boring
on socials to even know how to trust myself all
my instincts. I guess I'm just in need of a
pep talk or some advice.

Speaker 5 (25:48):
Baby girl.

Speaker 4 (25:49):
I feel like everybody has had that experience where they've
taken a job and they've thought it was going to
be one particular thing, and you've been there for a
little while and the shine's worn off and you've gone,
oh my god, what have I done?

Speaker 7 (26:00):
Yeah?

Speaker 6 (26:00):
Totally, and you do kind of feel like, am I
going to regret this in the future? Like will it
get better? I don't really have any solid advice here.
I'm thinking in any kind of situation where you think
it's going to be one thing and it's kind of not,
and you don't really trust yourself enough to know that
it's not for you, and so you kind of stick around.
But I guess ask yourself, like what are you waiting for,
Like what does the ideal perfect utopia world look like

(26:25):
for you, and then figure out if it's actually possible.
If not, I think you just got to trust your guard.
But again, like I'm not really I feel like you'd
probably have a lot more.

Speaker 3 (26:36):
This is a great question, and I think this plays
into the more tricky part of this modern day world
that we are living in where businesses are on social media,
whereas you know, ten or so years ago, like we
didn't see businesses on TikTok and Instagram and the behind
the scenes of their ass So I can completely understand

(26:56):
it from both the employee side and then all so
from my side being that a business that also is
on social media. And this is something that I've spoken
about in depth on my podcast, but I'll absolutely talk
about it again because I love talking about this. I
think as amazing as it is for businesses to have
these platforms to show their workplace online just like we

(27:20):
do it fate. We show our warehouse, we show our office,
we're doing dances, we're having fun, we're doing music videos.
Like it looks like the most amazing place ever to work,
and in my eyes, it absolutely is. But one thing
that I always say to people is you've got to
remember that social media is a highlight reel. It is
one hundred and ten percent fabricated, put together. It is

(27:42):
all for show. When we're creating our content on social media,
it's to entertain people. It's to make people like us.
Like so of course we're going to make our workplace
look like this fun and amazing place.

Speaker 2 (27:54):
And it absolutely is.

Speaker 3 (27:55):
But I think one of the hard things from the
employees point of view is that's all they ever seen
of a company like that fun content on social media,
and I think it just makes the lines blurred because
at the end of the day, yes, these workplaces are
super fun and they have a great social media presence,
but they're a workplace.

Speaker 4 (28:15):
For sure, and you still have boring work to do.

Speaker 3 (28:20):
And us, this is what I say on my podcast,
is like those fun videos that we put out every
single day, because that's what we do on social media
is a slither of our actual work day. Like the
fun happens for five minutes while we're filming those videos,
but then we go to our desks and our heads
are down and we're working. And that's a really tricky

(28:41):
thing in this modern day social media world. And that's
one thing that scares me as well when we are
growing and we're hiring so many new people, is we've
had people say in interviews and I love it, but
they're like, it just looks so fun on social media
and I just really want to get in there and
get amongst it. And I absolutely love that, and we're like,

(29:01):
we love that you love us, but we also want
to let you know, like that is not what it
looks like all day, every day. And so to the
person asking this question, like I really loved what you said,
what is the ideal? Like, what is it that you're
looking for? I think that's a really important question to
ask yourself. What is it that you're looking for in

(29:22):
a job? Maybe write those things down. What is it
that you're looking for in a workplace? What do you
want to be doing in your role? And they also
mentioned that the workplace is toxic. Another thing I'd say
to that is, don't be afraid to speak to people
who are your managers or the owner of the company,
whoever you do have there to speak to. We are
all about open communication in our workplace, and if anyone

(29:44):
ever felt that way about us, like I'd want to
be the first person to know about it kind of thing.
I feel like a lot of employees feel like they
don't have a voice in a workplace. And again I
can only speak from my own experience in business, but
with us, like, if someone felt a certain way about
our workplace or was having troubles with anyone, I would
want that employee to know that their voice will absolutely

(30:05):
be heard. So yeah, maybe my advice is obviously, you know,
follow your gut instinct one hundred percent, but also maybe
talk to someone within that workplace and express your concerns,
like is there potential for you in this company or
you know, are you more so leaning towards I'd just
done with this workplace.

Speaker 2 (30:23):
This is not the place for me.

Speaker 3 (30:24):
Yeah, and then maybe start exploring those other options.

Speaker 4 (30:27):
Yeah, and it's okay to pull the plug, Like, if
you are somewhere and it is a toxic I think workplace,
it takes a toll on you so significantly in it.
I think that can really bleed into other areas of
your life, and no job is necessarily worth the anguish
that something can put you through, for it is a
really toxic environment. I was watching a really interesting TikTok
from I don't know if you guys know Maggie's out.

Speaker 2 (30:48):
I love her.

Speaker 4 (30:48):
She works a lot in the sustainable fashion space, and
she was talking about how social media has like fundamentally
changed the way that we as humans interact with the
world around us. And I think that that's really relevant
to this person because you know, you're talking about how
you see other workplaces online and they don't seem as

(31:09):
fun as your current work on social media. And I
completely agree with you, Britt. I think like social media
is fake at the end of the day. It is
curated by the person behind it.

Speaker 3 (31:19):
Yes, I will admit that a million times over, Like, yes,
it's us and it's real and it's me in my content,
but also like we've set up that phone on that
tripod and we are going out of our way to
make it so it is fake in that kind of sense.

Speaker 4 (31:31):
Yeah, I think like, no matter how good a place is,
you're still putting out a polished thing, like, it's not
a live stream moment that's captioned. Even if it is
live stream, someone set it up and probably said, all right, guys,
we're getting on the live street.

Speaker 3 (31:43):
Yeah, if we did a live stream of our work dail,
it would be boring.

Speaker 2 (31:47):
Yeah, because it's just working.

Speaker 3 (31:48):
Actually, like, oh, this actually looks really boring, like because
the tiktoks and the reels are so fast and fun.

Speaker 2 (31:54):
Yeah.

Speaker 4 (31:55):
So I think keeping that in mind, I don't think
that a company's social media platform is really the best
measure of the workplace. I think all like, I can
understand that, you know, you can build an affinity with
a brand or with the people behind the brand from
you know, I feel like a lot of people feel
that way about us in the podcast, Like so many
people identify with us and say to us, same as

(32:17):
you all the time, Oh my gosh, i'd love to
work it cheese and the money. It seems so fun,
And yeah, absolutely it is, and there's all of these wonderful,
great things that we've got going on. But same as you, like,
ninety percent of the time, it's hard work.

Speaker 2 (32:28):
Oh ninety percent of the time, it's shit hitting.

Speaker 3 (32:31):
The fin trying to work out problems like someone's done this,
this is happening there, yeah, around, it's not what you
see on socials. And further to that, I would say,
because they mentioned they've seen other companies social media and
they look more boring, like that might be not the
case at all. You might get a job somewhere that

(32:51):
their socials seem a bit more boring, and it might
be the best group of people ever and you might
have the best time. It's really hard to judge a
company based on their social media.

Speaker 4 (33:01):
Yeah, yeah, I just don't think that it's the necessarily
the most important metric that you should be considering when
you are looking at workplaces, whether that be the one
that you're currently in or other potential future employers. I
think there are so many other more important things than
how fun it looks externally. It's about the people that
you're working with. It's about the work that you'll be
doing and how much you can enjoy and the work

(33:22):
life balance. So I think exactly what you said, like,
what do you want, figure out what's important to you,
and then use other aspects or avenues beyond social media
to assess that. Talk to other employees, have a look
at their employee turnover rate. That's always a really good
good gauge of how you know what a workplace is
like if they're chewing through employees, not necessarily the best signed.

(33:46):
So there are lots of other things that you can
do to assess whether somewhere is good or not good.
But I think definitely keeping in mind that social media
is so curated and so yes, you know, not a
bad indicator, because you can have a wonderful workplace puts
out these videos that is it shows you exactly what
the culture is like, because culture is so important. But
just take it with a grain of salt, I think,

(34:08):
is what I would suggest.

Speaker 6 (34:09):
Yeah, and it kind of like sets you up for
a bit of disappointment if you already kind of go
in with It's like if someone tells you that a
movie is so good, like's the best movie they've ever seen,
you go in with that expectation, and even if it's
just like a regular movie, but it would have been
good if.

Speaker 5 (34:22):
No one told you anything. Yeah, you kind of still
go in.

Speaker 6 (34:26):
You're like, oh, my expectations were so high that there's
nowhere to go down. So yeah, just like find out
what the root of what you want is and you
can't go wrong, Like if you just follow that and
if it's fun, it's great.

Speaker 5 (34:40):
If it's not fun, it's still what you want to do.
Whatever you know? Yeah, perfect, do we have a juicy
juicy DM to.

Speaker 4 (34:47):
Get to Oh you know that we do it everybody's
favorite time of the week. Let me tell you watch
our listener set the dam goes Hi, galv. I've been
thinking for a while that I'd really like to start
my own small busin thank you Business Bible for the inspo.
You're so welcome, But I don't know where to begin.
I'm feeling overwhelmed trying to work out how much to

(35:08):
invest into the business at the beginning, or where to
start with the nitty gritty things like finding suppliers and manufacturers.
I'm struggling to calculate what the actual costs associated with
starting the business might be. So many things to think about, samples, packaging, etc.
Or how to even begin the process of connecting with
the right people. Please help so I don't have to

(35:30):
quit before I even start. To be completely truthful with you,
we are a business, but we're not a product based business.
So I completely understand how this person is going where
do you start, because I really wouldn't know where to
start either. The financial side of things we can probably
talk to a bit more, but bring how did you
even figure it out? You obviously run Fate the label,

(35:51):
which is this incredible inclusive clothing brand that does something
that not a lot of other brands do. So I'd
be interested to know how you kind of feel get
that all out.

Speaker 3 (36:01):
I think the first thing to remember when it comes
to starting a business is it's okay if you have
no idea what you're doing. I think there's a lot
of pressure and I can only imagine, like I obviously
started fake six years ago now and it's different now
to what it was back then, and I'm kind of
glad that I started back then because now I can

(36:22):
imagine someone wanting to start a business and seeing all
of these established business owners online on TikTok and Instagram
and all this and that, and you would feel like you,
in a way are comparing yourself to them at where
they are at their journey now. And I always say
to people like, don't look at me and compare you
at the beginning of your journey to me where I

(36:43):
am now six years in. It can very much look
like I've got all my shit together and then I
know what I'm doing and that's one hundred percent correct.
But at the same time, I still feel like I'm
figuring all this out as I go. And I guess
the beauty of business, especially like a startup and starting
it yourself, is.

Speaker 2 (37:01):
You don't have to know how to do everything.

Speaker 3 (37:03):
No one does. No one when they start a business
knows what they're doing. Like you're not born knowing how
to be a business owner, the same way you're not
born knowing how to be a boss. You quite literally
learn everything as you go, and the only way that
you learn is by trying one thing, going all right,
I'm gonna do that again, but differently, and that is

(37:24):
quite literally what owning a business looks like. It is
just trying, trying, trying, making mistake after mistake after mistake,
and then just learning to do better by the one
hundredth time, and then you finally understand what you're doing.
I can understand that it would be super overwhelming to start,
and I think the good thing about me when I

(37:44):
started Fate was that I was so naive to the
whole thing, and I didn't really have anyone that I
was comparing myself to. I wasn't seeing all these other
businesses online being like, oh, I want to be like them.
And as for me, I'd always had the entrepreneurial spirit.
I never really realized it at the time, but as
I mentioned, I dropped out of school really early, and
throughout my teenage years and into my early twenties, I

(38:06):
tried my hand at a million little business opportunities, just
to name a few. I was just wanting to do anything.
I didn't know that I was wanting to start my
own business, but I was just on this search. I
was going through jobs and at the same time trying
all these little side hustle things.

Speaker 2 (38:20):
So I started a beauty business. At one point, I.

Speaker 3 (38:23):
Could do makeup half okay, So I was doing freelance
makeup for like thirty five dollars for a full face
and lashes.

Speaker 4 (38:30):
Stop the bargain.

Speaker 2 (38:32):
I would come to you and do it.

Speaker 3 (38:34):
And then I was living in a shared rental at
the time, and we had like this brick room underneath
the back of the house kind of thing, and I
turned that into a spray tanning studio. So I went
to my local beauty supply here in Newcastle. I got
the tent, the machine, all the supplies, and then I
used my Facebook account because I had what two to
three hundred people on Facebook at the time, a lot

(38:56):
of them lived in Newcastle. I would make little graphics
with like palm trees so bad, fifteen dollars spray tnds,
come on down and get them even if you want
three codes, still fifteen bucks. And so I tried that.
I did makeup. I did mobile makeup. At one point
I purchased a bunch of plane phone cases off eBay,

(39:17):
and then I went to spotlight and purchased a lot
of decorations.

Speaker 2 (39:21):
I have photos of all. This is so embarrassing.

Speaker 4 (39:23):
Please send them to us for because you don't see
nobody talks about this. No one talks about the hard
things that they went through to them be successful. So
you being willing to share, is I think so helpful
to people.

Speaker 2 (39:36):
Yeah.

Speaker 3 (39:36):
Well, I purchased the phone cases. I sat there gluing
on all these like gems and stuff, and then again
I was putting them on my Facebook saying for sale,
like I sold none, but that didn't matter because like
I didn't know it at the time, but that was
me having that entrepreneurial fire in my belly, and I
was also the kind of person that would say yes

(39:57):
to anything. I remember at one point my friends, this
woman owned this secondhand thrift store here in Newcastle and
she's like, do you want to come and visual merchandise
our front shop window.

Speaker 2 (40:08):
I was like, of course, Like but I've.

Speaker 3 (40:09):
Never done something like that, however, and then she also
owned this hair salon and she asked me, can you
please run our social media? So then I was like
posting photos to this hairdressing.

Speaker 2 (40:20):
Account for a while there. I tried so many things.

Speaker 3 (40:24):
And at one point as well, when I was more
in my youtubing days, I started this skincare business called
NKD like Naked, and I was making coffee scrubs and stuff,
and I had like a little business partner, kind of
in like the early Frank Body days.

Speaker 2 (40:37):
I did that for a while, but then I gave
up on it because it wasn't for me.

Speaker 3 (40:40):
So by the time it came to launching Fate, and
one of the amazing things about Fate, which I love
telling people, is it was just another one of those
little ideas. It was just like the spray tns. It
was just like the phone cases. It was just like
running the social media for some random hair salon. It
wasn't this grand, big idea. It was like, oh, yeah,
I'll give that to go, like you know, because I

(41:01):
was just always willing to give anything go. Yeah, if
you had told me back then that it would lead
to where I am today, I would say, no way, that's.

Speaker 2 (41:11):
Not gonna happen at all. Like this was this tiny
little thing.

Speaker 3 (41:14):
I had a double garage underneath my townhouse rental at
the time, and I said to my partner, Aja, sorry,
like you're losing your car spot. You have to park
out on the street because I'm going to start this
business under here. And I went to Bunnings and I
got a bunch of plastic tubs and that's where my
stock was going to go. And I put a table,
I got a printer, and I honestly just figured out

(41:34):
all of those little things step by step.

Speaker 2 (41:38):
And you just figure it out.

Speaker 3 (41:39):
I quite literally remember the day I was googling how
to ship parcels in Australia. Yeah, and then you know,
going on the Australia Post website, signing up, joining Facebook
groups for women in business, trying to make connections there
jumping online how to manufacture products. And the thing with
business is I heard someone say once, and it's so true.

(41:59):
Sometimes taking the first step is so embarrassingly small that
a lot of people never take it.

Speaker 4 (42:05):
That's so true, Like you get in your own way
before exactly what our listener said, she didn't want to
quit before she even started because she was feeling so overwhelmed.

Speaker 3 (42:12):
Yeah, but it's there's no Again, I'm referencing my own podcast,
but I do have an episode of every single step
that you need to take to start a business in Australia.

Speaker 4 (42:21):
Perfect.

Speaker 3 (42:21):
That's one of my very first episodes. If you want
to hear it in depth. I'm obviously not going to
run through.

Speaker 2 (42:25):
That today with you will be here for another hour.

Speaker 3 (42:28):
But it's just writing everything down that you think you
need to do and just tackling those steps one by one.
And when it comes to costs, which I'm sure you
guys can talk more to as well, it's figuring out
how much all those things are going to cost, writing
them down and seeing if it is feasible for you.
I've heard a lot of people say you don't need
much to start a business, and again, I think it

(42:48):
depends on what you're doing. Yeah, you know, if you're
decorating iPhone cases like me at home, that's obviously going
to be a lot lower of a cost compared to
if you're actually manufacturing something and you're needed to do
samples and everything. So it's really hard to say how
much starting a business costs. But I would say, especially
if you are starting a product based business and you
are manufacturing stuff and then you're sampling, you're going to

(43:11):
need at least like five thousand dollars to get yourself started,
because it really all does add up, all those little things,
like even once you've done your products and then you
need your mailer bags and your labels.

Speaker 4 (43:23):
And nine the things.

Speaker 3 (43:25):
Yes, all those things that you absolutely need, Like that's
where the costs will really start to rack up. And
you need racks in your house to put your products in,
just all those little things. Yeah, but I would just
really map it out and you'll get a good idea
from there in terms of how much it is going
to cost.

Speaker 6 (43:41):
This kind of like business idea never started, but when
I don't know how useful this will be to our
community member. But my best friend did try to start
a business like a few years ago. She now has
like a couple of coffee vans, which is awesome, so
she could probably you know, there's some inside I could
probably take from that. But basically when she tried to
start the business, this is something I kind of struggle

(44:01):
with too. There are so many ideas that I have,
and I'm like, where do I even start? Like how
do I create something that doesn't exist yet?

Speaker 5 (44:08):
You know what I mean?

Speaker 6 (44:09):
And so what she did was find businesses that are
currently existing that are similar to the ones you want
to start. And I feel like somewhere on their page
they have their manufacturer details and they kind of like
google that, and I guess, like all the little things
like how do you actually where do you go? What
do you start with? How do you create something doesn't

(44:30):
exist yet? Find places that are similar to what you're
trying to start, see if there's any info on the
actual website, and exactly as you say, brit Like again.

Speaker 5 (44:40):
Like I'm no expert at all, but and you definitely are.

Speaker 6 (44:43):
But I'm like, yeah, just trying to build those connections,
whether it's like literally reaching out to a manufacturer or
reaching out to a pre existing business and seeing if
anyone will give you some advice somewhere if it's in
the same kind of like realm as what you're trying
to start.

Speaker 5 (44:59):
But yeah, it is all very confusing.

Speaker 6 (45:00):
I don't understand it, and that advice probably didn't do
anything for anyone because I don't know anything.

Speaker 3 (45:05):
I think that's a good I think it's a good
point though, like, don't underestimate the power of networking. Yeah,
and you'd be surprised how many people are out there
that are willing to help you or give you advice.
And I know that's what I did in my early days.
I joined every women in e Commerce Facebook group that
I could find, and there's tons of them that have

(45:26):
tens of thousands or hundreds of thousands of members, and
you can post in there and say, hey, I want
to connect with people.

Speaker 2 (45:32):
I'm looking to get custom packaging made.

Speaker 3 (45:34):
And one of the most amazing things as well, and
something that I always think is we have this thing
at our fingertips called Google, and it is like people
will be like, how did you figure that out?

Speaker 2 (45:46):
I'm like, I literally googled that shit and I figured
it out.

Speaker 3 (45:49):
And now we have AI and we have chat, GPT,
like we have all of this information right at our fingertips,
and that's how I figured.

Speaker 2 (45:58):
Out my whole business.

Speaker 3 (45:59):
I didn't know anything, and now I know everything I
know because I just did my research and I google
the shit out of everything, and I continue to google
the shit out of stuff every single day. And people
will often say like how do I start a business?
Like what's the first thing that I do? And you know,
you could quite literally jump onto Google and go, hey,
what's the first thing I need to do if I

(46:19):
want to start a business in Australia.

Speaker 2 (46:21):
I think when people say like, what's the first thing
that I do? Or where do I start? I don't
think they're necessarily asking that question exactly. I think they're
also asking.

Speaker 3 (46:29):
I'm scared, I'm hesitant, I'm worried that it won't work out.
I think that's what actually stops people, because if you
want to find out how to start a business in Australia,
the world is your oyster. When it comes to Google
and the Internet. I think it's more so them wanting reassurance.
When I get asked that question, it's not how do
I start a business? It's like, I know I want
to start one, but I'm really scared yeah, and it

(46:51):
is scary and it's a lot, and it's more than
you would ever think when it comes to business. But
that's like the beauty of it is starting from scratch
and figuring it all yourself, because I don't think there's
any other way to start a business, Like you've got
to do all that groundwork yourself in the beginning, because
let's be honest, like I mean, some people do have
businesses handed to them, but for the most of us,

(47:11):
you are there from that very first day figuring out.

Speaker 2 (47:15):
How on earth do I set up a shop of
fy store?

Speaker 5 (47:17):
Yeah, yeah, one hundred percent.

Speaker 4 (47:19):
On the financial side of things, I think that you're
absolutely doing the right thing thinking about you know, the finances,
looking into whether or not it's viable. As you were saying,
I guess that's a really good tool for risk assessment.
If you need to invest twenty grand to get started,
you might go, oh, that doesn't feel comfortable or doable
for me right now, and maybe you look at something else.
I would suggest looking into wholesaling. So if you're doing

(47:41):
a product based business, you know, like you said, you
were going down to Spotlight and buying all your beads
and decorations to your phone cases, which is absolutely a
viable option on a small scale, but you'll find that
you can save a lot of money purchasing things wholesale.
So whether that's direct frum suppliers, there absolutely is some
things manufactured here. I know a lot of companies, you
know you supplies and manufacturers. There's a lot of great

(48:02):
ones in Asia, and they're super close to us. Obviously,
you know, doing your research into who you're working with
and the ethics of those places, if that's important to you,
is also something that you might need to consider. But
even from you know, direct manufacturers on shore, a lot
of the time you can purchase things in larger quantities
at a much better price than just going down to

(48:22):
your local store and buying the bits and pieces that
you need as one offs over the counter. The other
thing that I would maybe suggest in terms of like
finding suppliers and manufacturers, not that I have any experience
whatsoever in this, but is just making sure that you're
speaking to a couple of people, like anything, getting quotes
from multiple places so you can compare prices, getting samples

(48:44):
from multiple places so you can compare quality sample everything.

Speaker 3 (48:49):
I've seen so many video nightmares of people like ordering
stuff from Ali Baba, which is like a massive website
where you can find all the manufacturers in the world.
I feel like everyone knows about Ali bub You guys
know about Ali Barber might.

Speaker 4 (49:03):
Let's not assume it's a great platform.

Speaker 3 (49:06):
Yeah, so that's like a essentially a hub where you
can find manufacturers for anything and everything. But even if
you are jumping on there and connecting with manufacturers and
you can do research into their businesses, don't just go
with one and then stick with them and definitely explore
those options, get samples made, don't just order based on

(49:28):
a photo that they've sent you. I've seen some nightmare
videos pop up on TikTok being like this is what
I thought I was ordering, and then it's showed up
with like another company's logo on.

Speaker 2 (49:35):
It or whatever.

Speaker 3 (49:37):
I'm sure a lot of people have made really expensive
mistakes there. So yeah, definitely shop around as expensive as
it can be. Then sampling with multiple manufacturers, like it's
something that you have to do to ensure that quality.

Speaker 4 (49:48):
Yeah, it's the equivalent of measure open well, measure twice,
cut once, isn't it like do the due diligence at
the start to get what you need down the track
and save yourself from a huge, very expensive mistake. And
if you are ordering online where possible, I would just
say pay using secure payment options, because if you're dealing
with companies or I can imagine would be very overwhelming,
you know, going into this pool of people and within

(50:11):
you know, like anything, there will be people out there
who are not doing the right thing and it can
be hard to differentiate that, especially if you are looking
at international places, so you know, pay via PayPal, pay
via a credit card that has some kind of protection
on it, especially in those early days when you don't
have the connections, you maybe don't know how to discern
what is legit and what's not. Just that little extra

(50:32):
step of protection I feel like might be kind of helpful.

Speaker 3 (50:35):
Yeah, if someone says do you want to do a
direct transfer or whatever, just be like no, like I'm
using PayPal.

Speaker 4 (50:42):
Immediately, nop powder there before we go. We did ask
everyone on Instagram what they think and if you want
to participate, we're actually is the money AUS. We love
putting our dilemma up every week and putting our feelers
out for what you guys think true. The first question
we asked was do you have a small business, and
we had seventeen percent of people say yes, fifty four
percent of people said no, and twenty nine percent of

(51:03):
people said I want you, but I don't know where
to start, which is a huge number. We said, if
you do have a small business, what were the first
steps that you took at the beginning of your journey.
Somebody said they contacted as many potential clients as possible
to put themselves on people's radar. Somebody else said they
found a gap in the market so that they could
see that they would be able to service people that

(51:24):
weren't currently being serviced, which I feel like is a
little bit what you kind of did with Fate. We
found that point of difference and really, you know, looked
after so many people that didn't have people that were
thinking about them. Somebody else said they budgeted their outlays
and checked if they could afford to lose the money
if they didn't work out. And I feel like that's
a really great perspective. Look at it as a bit

(51:45):
of an investment. You're taking on risk starting a business,
and maybe it'll be amazing, and maybe it'll take off,
or maybe you won't sell any phone cases.

Speaker 3 (51:53):
And mind you, the phone cases were hideous, Like I
just want to throw that out there, like I'll send
you guys photo. It's embarrassing, but it's like something I'm
proud of because.

Speaker 2 (52:03):
I was trying to.

Speaker 4 (52:04):
Do something, Like it's something to be a because if
they were disgusting, it's a good story now. But it
really like it taught you something that you're using and
you're bringing up now and sharing with people. Somebody else
said they figured out what exactly their services were going
to be and what they could offer. Someone else said,

(52:25):
check all the permits and stuff, which I think is
a great point. Depending on what product or industry, what whatever.
Check permits, check copyright, all those kinds of things. Make
sure you're not going to be infringing on something or
in a little bit of hot water. Later, somebody else said,
write a business plan. The common thread very much is
do the work up front to pre plan yes, which

(52:46):
I think really echoes kind of what we all were saying.

Speaker 3 (52:48):
I think I have one to add there as well,
Sorry to cut you off. Another thing as well is
to like ask yourself some important questions before even getting
to the point of like then writing a business plan
or coming up with your idea, or maybe you've already
got the idea. But a really important question that I
would ask myself if I was starting something new. And
obviously I didn't ask myself this when I was starting

(53:09):
fake because I never thought that it was going to
be something grand, like it was just the thing that
I thought, Yeah, that sounds like a good idea, Let's
give it a go. But I'd really encourage people to
ask themselves what it is they're wanting to do.

Speaker 2 (53:22):
Is something that they genuinely really want to do.

Speaker 3 (53:25):
I think because of social media again and how it
is this highlight reel and you know, even I make
business look so fun and easy and Laddie there and
tiktoks and dancing around the warehouse, it can be very
easy for people to go, I want to start my
own business because it looks so fun. I can set
my own hours, like I can have a great work
life balance, and the reality of that is the absolute opposite,

(53:46):
like you will work more than you ever have. So
I think it's really important to stop and ask yourself,
why do I want to start my own business, Like
what is my reason for wanting to do this, and
if you already have your idea, is this something that
I can see myself doing in five years time from
now or is it something that I just think is
cool or fun or interesting now?

Speaker 2 (54:05):
Because business is such a big commitment. Yeah, and once
you're in.

Speaker 3 (54:10):
There's really no turning back, especially if that business then
starts to scale. Like sometimes I step back and look
at what I'm doing, like, oh my god, like this
has gone really far, like like there's no backing out now,
you know.

Speaker 2 (54:21):
If I wasn't, I'm just lucky.

Speaker 3 (54:22):
I'm passionate about what I do, because man, I've dug
myself a really deep hole.

Speaker 2 (54:26):
If I don't want to be in this anymore.

Speaker 3 (54:28):
So i'd really like ask yourself, you know, why is
it that I want to do? What is my motive
behind wanting to start this business? And I am I
ready for this commitment because it's the biggest commitment you'll
ever bloody make in my opinion.

Speaker 4 (54:40):
Yeah.

Speaker 3 (54:40):
Yeah, that's another thing I do too, like make sure
it is something that you can see yourself doing for
the long term, or for at least for like a
long period of time.

Speaker 4 (54:51):
That's awesome advice, And I feel like the perfect place
to kind of leave it off as well. The last
thing I would add is listen to podcasts. There's so
many resources out there for your Instagram pages. We obviously
have the Business a series that we've done where we
cover so much about small business, but you've just launched
obviously your own as well. Tell people where they can
find that. Tell people where they can find you, because
I feel like you're so open with sharing your journey

(55:11):
and that's really what people need to kind of help
them figure out is listen to other people and what's
happened for them.

Speaker 3 (55:17):
Absolutely, if you want to come and listen to my podcast,
it's called Big Business, and you can find.

Speaker 2 (55:23):
My podcast wherever you get your podcasts.

Speaker 3 (55:25):
And I'm only up to like episode six or something,
so it's still really new and it is genuinely a
great place to start if you are new to business,
because with my episode so far, I've kind of taken
it back to the very beginning and I'm like going
through all the phases and I'm being an open book
on there. And I've had so many people dm me saying,
I love how transparent you are.

Speaker 2 (55:43):
Being with this.

Speaker 3 (55:44):
I don't want it to be a Business podcast where
it's just like, oh, business is just so fun and
it's really challenging sometimes, but I really love it. Like
each episode, I'm gone, this is what happens in business,
this is how much things cost. I really want to
try and share as much information with people as I can,
because I never listened to anyone talking about that when
I started Fate, and I would have loved to. Yeah,

(56:05):
feel free to look me up Big Business. You can
find me on Instagram and on TikTok. Just look up
my name anywhere and everywhere.

Speaker 4 (56:12):
Amazing. We'll want some links in the show notes for
you guys. Definitely check it out. And Britt, thank you
so much for joining us and sharing all of your.

Speaker 2 (56:18):
Inside having me. It's been great to be here. Come
back some time. Yeah, all right, I'll be back next
week introducing.

Speaker 4 (56:25):
Our brand new co host for your Sorry, Victoria, you've
been right.

Speaker 5 (56:31):
Our producer will let Victoria know that she's no longer needed.

Speaker 2 (56:34):
Yeah, yeah, we'll see you stepping in.

Speaker 6 (56:38):
You've been so great. Thank you so much, Brett. You're
just amazing, You're so inspiring, So thank you so much again.

Speaker 4 (56:43):
Have a good weekend, guys, and Victoria will see you
bright and early on Monday for money Darry Bye Guys.

Speaker 8 (56:54):
The ad buy shared on She's on the Money is
generally nature and does not consider your individual circumstances. She's
on the Money exists purely for educational purposes and should
not be relied upon to make an investment or financial decision.
If you do choose to buy a financial product, read
the PDS TMD and obtain appropriate financial.

Speaker 5 (57:13):
Advice tailored towards your needs.

Speaker 8 (57:15):
Victoria Divine and She's on the Money are authorized representatives
of Money SHERPA pty Ltd ABN three two one six
four nine two seven seven zero eight AFSL four five
one two eight nine