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How much do I need to start a business? | Taboo money chats with Lucy Wark

HOSTS Maddy Guest & Sophie Dicker|27 February, 2024

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Do you have a million-dollar idea? Always dreamed of working for yourself? Starting a business can be one of the most exciting and rewarding experiences, but where do you begin? Actually figuring out how to start your own business can be tricky. Do you quit your job so you have time to grow your idea? Do you forego your house deposit to invest into your dream business? There’s a lot to consider before you officially take the leap, and you need a game plan!

Today we chat with Lucy Wark, co-founder of sexual wellness brand Normal and career skills platform Fuzzy, as well as one of the founding Vinemakers at Grapevine, which aims to combat sexual harassment, bullying and bias in Australian startups. Lucy helps us to take the guesswork out of starting a business, manage your finances responsibly, and increase your chances of success.

But the conversation doesn’t end here… We want your thoughts!

  1. How much has it cost you to start your own business?
  2. What have been some of the most worthwhile expenses?
  3. Have you felt isolated by the money side of starting your own business?

Send your thoughts to these questions, or anything else from our chat to yigc@equitymates.com for our brand new newsletter. And don’t forget to subscribe whilst you’re at it!

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Keep track of Sophie and Maddy between the episodes on Instagram, or on TikTok, and come and be part of the conversation on Facebook with our You’re In Good Company Discussion Group.

This episode is brought to you by Up, the digital bank for our generation. Download and sign up to Up and use the code YIGC and they’ll deposit $10 into your bank accounts. That’s Up, easy money. T&Cs @ up.com.au/terms.

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In the spirit of reconciliation, Equity Mates Media and the hosts of You’re In Good Company acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

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You’re In Good Company is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. 

Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

Equity Mates Media operates under Australian Financial Services Licence 540697.

You’re In Good Company is part of the Acast Creator Network.

More About

Meet your hosts

  • Maddy Guest

    Maddy Guest

    Maddy lives in Melbourne, works in finance, but had no idea about investing until she started recently. Her favourite things to do are watching the Hawks play on weekends, reading books, and she says she's happiest, 'when eating pasta with a glass of wine'. Maddy began her investing journey when she started earning a full time income and found myself reading about the benefits of compound interest in the Barefoot Investor. Her mind was blown, and she started just before the pandemic crash in 2020. What's her investing goal? To be financially independent for the rest of her life, and make decisions without being overly stressed about money.
  • Sophie Dicker

    Sophie Dicker

    Sophie lives in Melbourne, and enjoys playing sport, and then drinking red wine immediately after finishing sport. She works in finance, but honestly had no idea about investing until her partner encouraged her to start. She says, 'my interest has only taken off from there - I find it exciting… I mean who doesn’t like watching their money grow?' Her investing goal is to build the freedom to do things that she's passionate about - whether it be start a business, donate to causes close to her, or to take time out of the workforce to start a family. Right now, there’s no specific goal, she just wants to have the freedom when she'll need it.
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