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

You're In Good Company

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 [e-mail] for our brand new newsletter. And don't forget to subscribe whilst you're at it!

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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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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.

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