Share

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

You're In Good Company

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

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!

Landing in your inbox each Monday.


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.


*****

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. 


*****


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 episodes

View all episodes

  • BONUS: how to *prepare* for a salary negotiation

    11:06
    In these Saturday Upgrade episodes we will be giving you the actual words you need to start a money conversation... and this week it’s all about salary negotiation and how to talk about salary with friends! In this Saturday upgrade we give you the tools you need to have your very own salary negotiation conversation!If you'd like to learn more about negotiation, you can sign up to the course Maddy recommends - Negotiating for Yourself using our code YIGC for 15% off. This course teaches you how to benchmark your salary against your industry, gives you a template for preparing your case for a raise or promotion, teaches you how to spot and combat common tactics, and gives you practice scenarios to build your confidence. A big thanks to Lucy Wark, founder of Fuzzy, who joined us on a recent episode of YIGC for the discount.We'd love to know what you think. Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.**** !!!! note to Soph and Mads: include a link to the Fuzzy course and the discount code in show notes AND the Future Women article Soph mentions ****
  • Should you tell your friends your salary? | Taboo money chats with Georgie Owen aka Maddy's housemate

    36:28
    If you're prepping for a salary negotiation, this is the episode for you! We're bringing you into the living room conversations we've been having in Maddy's share house over many a glasses of wine and cups of tea, and sharing how each of us has been preparing for our upcoming career chats. On today's episode, Maddy and Sophie chat to Maddy's housemate Georgie Owen (aka @conceivingitall) about building a negotiation playbook, and how talking to your friends about salary can help you get a raise. And if you'd like to learn more about negotiation, you can sign up to the course Maddy references throughout this episode - Negotiating for Yourself using our code YIGC for 15% off. This course teaches you how to benchmark your salary against your industry, gives you a template for preparing your case for a raise or promotion, teaches you how to spot and combat common tactics, and gives you practice scenarios to build your confidence. A big thanks to Lucy Wark, founder of Fuzzy, who joined us on a recent episode of YIGC for the discount. But the conversation doesn't end here... We want your thoughts!Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • BONUS: How to talk about *money* when travelling with friends | Upgrade chats

    08:13
    In these Saturday Upgrade episodes we will be giving you the actual words you need to start a money conversation... and this week it’s all about the money dramas that can arise when travelling with friends! This week we had one of the best conversations on our Tuesday episode about the money conversations you should have with you friends before travelling together. In this Saturday upgrade we give you the tools you need to have your very own conversation with your new besties that you will meet overseas!Recommendation link of course: Two Broke Chicks - Savvy Travel SecretsWe'd love to know what you think. Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • How to travel with friends on different budgets | Taboo money chats with Alex Hourigan, Two Broke Chicks

    38:13
    We've all been there... When the vacay with your besties finally makes it out of the group chat, only to find that tensions are rising because you're all on different pages about money... Whether it be the friend that always wants to split the bill evenly despite consistently ordering the most expensive items, or the one that's eating everyone's leftovers but not ordering a meal for themselves. Each of these situations can be avoided (and many more in between) by having a simple conversation before you jet set off into the Euro sunset.On today's episode, Maddy and Sophie chat to Alex Hourigan from Two Broke Chicks about their travel money saving hacks, travel story disasters, and how to avoid them. And if you'd like to hear more from Alex, she and her co-host Sal just published their first book! You can buy Finding Your People: The ultimate guide to friendship here. But the conversation doesn't end here... We want your thoughts!Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • BONUS: How to talk about *splitting expenses with your household* | Upgrade chats

    10:03
    In these Saturday Upgrade episodes we will be giving you the actual words you need to start a money conversation... and this week it’s all about the good old splitwise debate! This week we had one of the best conversations on our Tuesday episode about the cost of moving overseas, platonic love and normalising sharing money with your besties. In this Saturday upgrade we give you the tools you need to have your very own conversation with your new besties that you will meet overseas!Recommendation link of course: https://www.refinery29.com/en-au/cultural-approaches-to-moneyWe'd love to know what you think. Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • Would you split your salary with your best friend? | Taboo money chats with Caitlin Emiko

    37:36
    If you answered no to the question in the episode title, we'd strongly encourage you to hit play on this episode!!! We're chatting to TikToker Caitlin Emiko about the costs associated with moving overseas, and how the very interesting strategy of splitting finances with her best friend is helping them both to live their best lives in one of the most expensive cities in the world But the conversation doesn't end here... We want your thoughts!Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • BONUS: How to talk about *asking your parents for money* | Upgrade chats

    08:47
    In these Saturday Upgrade episodes we will be giving you the actual words you need to start a money conversation... and this week it’s all about how to talk about asking your parents for money (aka, the bank of Mum and Dad!) This week we got VERY personal in the Tuesday episode, chatting to our very own parents about the Bank of Mum and Dad. In this Saturday upgrade we give you the tools you need to have your very own conversation with your parents.We'd love to know what you think. Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • The bank of Mum and Dad | Taboo money chats with OUR PARENTS

    36:00
    Ever caught yourself wondering, how on earth do they afford it? Well, there's a good chance it's thanks to the bank of Mum and Dad! And yet, whether or not your friends are getting money from their parents is very rarely spoken about. Of course, there is a huge amount of privilege inherent in this conversation (which is probably why it's not common to say anything!), but when we avoid these conversations, we also fall into the trap of comparing ourselves and wondering what we're doing "wrong". With cost of living challenges and house prices continuing to rise, more and more young people are relying on an inheritance or significant financial windfall from their parents to help them get ahead in life.That's why on today's episode, we speak to none other than Maddy's mum Fi and Soph's dad Tony about how they, as our parents, would hypothetically want us to raise a conversation with them about inheritance and borrowing money, in away that is respectful to each individual's financial situation. But the conversation doesn't end here... We want your thoughts!Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.
  • BONUS: How to talk about *the cost of fertility* | Upgrade chats

    09:46
    In these Saturday Upgrade episodes we will be giving you the actual words you need to start a money conversation... and this week it’s all about how to talk about the cost of fertility!We'd love to know what you think. Shoot us an email to yigc@equitymates.com or DM us @yigcpodcast and we’ll be collating your thoughts (anonymously of course). You can also send in your very own money dilemmas to be unpacked by ourselves, alongside our expert contributors in our weekly newsletter - subscribe here.And whilst you’re on your phone, why not download Australia's highest rated banking app. This episode was brought to you by Up, the bank making dealing with money easy for our generation. And if you download and sign up using the code YIGC, they will deposit $10 into your account. Easy money! T&Cs apply, find them at up.com.au/terms*****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. *****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.