Latest / Two Broke Chicks / The NO BULLSH*T Guide To Becoming Successful
Transcript
- 0:00Speaker 1: This podcast is recorded on gadigal Land Always was, Always
- 0:03Speaker 1: will be Aboriginal Land.
- 0:12Speaker 2: Hey Jicks, I'm sal and I'm and this is two
- 0:14Speaker 2: Broake Chicks, a show that shares life lessons and tips
- 0:16Speaker 2: to help make you rich in life. And today we
- 0:19Speaker 2: are joined by Rachel Wilde, the twenty eight year old
- 0:22Speaker 2: co founder of hugely successful brand TVH Skincare. We Know
- 0:27Speaker 2: you Chicks Know It. Rach launched her acne based skincare
- 0:31Speaker 2: brand in March twenty twenty from her home. She initially
- 0:35Speaker 2: sold four thousand dollars worth of products on the first
- 0:37Speaker 2: day of launch, with TVH Skincare turning over one million
- 0:41Speaker 2: dollars in eighteen months. Now TVH Skincare's hero Spot treatment
- 0:46Speaker 2: sells one every four minutes. So today we are chatting
- 0:51Speaker 2: to Rage about how to start your own business, the
- 0:53Speaker 2: most expensive mistake she's learned along the way, and what
- 0:56Speaker 2: it's really like when your business goes viral.
- 1:00Speaker 1: Right for having me, Oh my god, I sund sad.
- 1:03Speaker 3: This has been like overdue.
- 1:05Speaker 2: Right.
- 1:05Speaker 3: Oh, I'm so excited to be here chatting with you guys.
- 1:08Speaker 3: Oh my gosh. We are excited. We're gonna get into it.
- 1:11Speaker 2: But First, we love to start with a life lesson
- 1:14Speaker 2: of the week, So would you like to kick us off?
- 1:16Speaker 3: Yes, my life lesson. I had a coaching session this morning,
- 1:19Speaker 3: so I was like, I'm relying on this coaching session
- 1:21Speaker 3: to give me my life lesson of a week. Mine's
- 1:24Speaker 3: gonna sound I always joke with the team when I
- 1:27Speaker 3: get on podcasts like these, I sound very like finance
- 1:29Speaker 3: bro like motivational speaker. I love that. My life lesson
- 1:35Speaker 3: was I'm feeling really run down this week, and so
- 1:37Speaker 3: I've had like a really big work week and my
- 1:39Speaker 3: body like will always show when it's catching up with me.
- 1:42Speaker 3: I've had like a very big two months, I would say,
- 1:44Speaker 3: and I've survived really well. So every time I have
- 1:47Speaker 3: like busy periods like this, I seem to be able
- 1:49Speaker 3: to go further and further each time without like getting sick.
- 1:52Speaker 3: But this week was the week that I was like, Oh,
- 1:55Speaker 3: it's like it's catching up now she's here. So I
- 1:58Speaker 3: woke up this morning with ulcers all through my and
- 2:01Speaker 3: I was like, Okay, I note that it's probably time
- 2:03Speaker 3: to stop. But I had this conversation with my coach
- 2:05Speaker 3: this morning because I was like, oh, I'm like I'm
- 2:07Speaker 3: really run down, Like it's such a terrible thing, Like
- 2:10Speaker 3: I'm so run down. And he was like, you know
- 2:12Speaker 3: that it's not a bad thing to be run down,
- 2:16Speaker 3: because he's like, if you're trying to do what you're doing,
- 2:19Speaker 3: then you should be like run down. And so he
- 2:22Speaker 3: was like instead of seeing like oh my god, I'm
- 2:24Speaker 3: run down now, I need to do nothing or like
- 2:26Speaker 3: I need to rest, He's like, take it as like
- 2:28Speaker 3: a reflection point on like, great, this is how much
- 2:30Speaker 3: further I came this time. How do I get even
- 2:34Speaker 3: further next time? And like what have I done that's
- 2:38Speaker 3: sustained me for a long period of time? And then
- 2:40Speaker 3: how do I do more of that next time? Which
- 2:42Speaker 3: I was like, that's kind of my life lesson of
- 2:44Speaker 3: the week. Instead of like telling myself like this is
- 2:47Speaker 3: terrible and I'm like burnt out, you kind of like
- 2:51Speaker 3: it's a self I'm not this is going to sound
- 2:54Speaker 3: like really like hustle culture, but it's like I think
- 2:57Speaker 3: you can talk yourself into like a really negative narrative
- 3:00Speaker 3: sometimes and I'm like hypochondriac. I do that to myself
- 3:06Speaker 3: all the time, not to like invalidate how I'm feeling,
- 3:08Speaker 3: but it's also like helpful to be like, Okay, no, yep,
- 3:11Speaker 3: I'm run down. Cool, But like if I'm trying to
- 3:13Speaker 3: do all the things that I really want to do
- 3:15Speaker 3: and have so much fun doing, of course I'm going
- 3:16Speaker 3: to get run down at some stage. Yeah, that's fine,
- 3:19Speaker 3: And what can I do to extend the next time?
- 3:20Speaker 3: And I spoke to the team about it this morning, though,
- 3:22Speaker 3: like you're literally like getting longer and longer like each time,
- 3:26Speaker 3: And I was like, I feel like I'm stretching like
- 3:27Speaker 3: a rubber band at the moment, which is cool, that's good.
- 3:29Speaker 1: I also think it's a reflection of how hard you work. Yeah,
- 3:32Speaker 1: so like if you are feeling rundown, if you are tired,
- 3:36Speaker 1: that's also maybe something to look at, like how hard
- 3:39Speaker 1: you've been working and be like, yes, I worked really
- 3:42Speaker 1: really hard, so that you do allow yourself that permission
- 3:44Speaker 1: to rest, because that's also part the hardest part of
- 3:47Speaker 1: being like you're not resting if you feel bad about resting,
- 3:50Speaker 1: exactly that whole narrative.
- 3:52Speaker 3: And that's true because I think you can see downtime
- 3:54Speaker 3: as being like counterintuitive to ambition. Because I spoke about
- 3:58Speaker 3: this with my coach and he was like downtime is
- 4:01Speaker 3: what makes you able to perform. It was like you
- 4:04Speaker 3: should actually see it as like part of your high performance,
- 4:07Speaker 3: this downtime, instead of like it being the anti to that.
- 4:10Speaker 3: What's your life lesson?
- 4:11Speaker 1: My obsession slash life lesson is My boyfriend and I
- 4:16Speaker 1: have recently started watching Severance. Oh, I haven't watched you
- 4:19Speaker 1: to watch it.
- 4:20Speaker 3: It's so good.
- 4:22Speaker 1: It is so good, and like the episodes are like
- 4:26Speaker 1: fifty minutes, but you're in it, like you're like, oh
- 4:29Speaker 1: my god, that's the end of the episode. And I
- 4:32Speaker 1: can pick a plot twist from a mile away.
- 4:34Speaker 3: Like it's my superpower.
- 4:36Speaker 1: I will gas myself up with this that Sally actually
- 4:39Speaker 1: makes me write them down in my notes because I'm
- 4:41Speaker 1: so often right that I then spoil the plot twist,
- 4:46Speaker 1: so I have to write.
- 4:47Speaker 3: My boyfriend makes me do this too.
- 4:48Speaker 1: I have to write them down in my notes so
- 4:49Speaker 1: I still get to be like SA.
- 4:53Speaker 2: And I'm like with the timestap in the movie, Yes,
- 4:56Speaker 2: so you can.
- 4:56Speaker 3: Still have the it's very obnoxious areas of me. My
- 5:00Speaker 3: boyfriend does the same thing. Yeah, And I.
- 5:02Speaker 1: Have not been able to pick a single plot twist
- 5:05Speaker 1: in this yet, I say, but they were still done
- 5:09Speaker 1: and we were just like literally paused it, like walking
- 5:12Speaker 1: around screaming. And it's one of those shows that we
- 5:16Speaker 1: don't just like sit in silence, like we're talking through it,
- 5:18Speaker 1: which I know is maybe not some people's jam, but
- 5:22Speaker 1: like I love like we're sitting there and like we
- 5:24Speaker 1: actually discuss and like it's a real experience and I
- 5:28Speaker 1: really like it that. My life lesson of the week
- 5:32Speaker 1: is maybe sometimes shows a viral for a reason, Okay that,
- 5:38Speaker 1: like I do think there is this thing that you know,
- 5:41Speaker 1: when something goes viral it like shows or books, it
- 5:45Speaker 1: really opens up this narrative being like it's not like
- 5:48Speaker 1: it shouldn't be that viral, or it's not worth it all. Yeah,
- 5:51Speaker 1: I've seen everyone talking about it. No, it's worth a
- 5:53Speaker 1: baby exactly. What's your life lesson of the weeks?
- 5:55Speaker 3: Tell about it? Okay.
- 5:56Speaker 2: My life lesson of the week is that it's okay
- 5:59Speaker 2: to have a quiet birthday. So it was my birthday
- 6:03Speaker 2: in the last week, and usually I would be like, Okay,
- 6:06Speaker 2: what am I going to do? Have a big thing, drinks,
- 6:09Speaker 2: a party, something even, you know, like have things on
- 6:13Speaker 2: my wish list of what I want for gifts and
- 6:15Speaker 2: this year, I just didn't really know what I wanted
- 6:17Speaker 2: to do. But then also at the beginning of the week,
- 6:19Speaker 2: I started to feel a bit sick, and I was like,
- 6:21Speaker 2: maybe this is a sign from the universe just to
- 6:23Speaker 2: take it easy this birthday. And I think in prior years,
- 6:28Speaker 2: I would have been like, what a waste your birthday
- 6:30Speaker 2: only comes once a year, and then maybe felt, you know,
- 6:32Speaker 2: a little bit late, lonely or sad that I wasn't
- 6:34Speaker 2: really doing a big thing with a huge group of
- 6:37Speaker 2: my friends for my birthday. But I actually feel so
- 6:40Speaker 2: content with how I spent it. Alex and I went
- 6:43Speaker 2: to the animal shelter. As we mentioned in a recent episode,
- 6:46Speaker 2: I just like stayed at home and watched TV with
- 6:48Speaker 2: my boyfriend and he made me a delicious meal and
- 6:51Speaker 2: I went to bed early and had like ten hours
- 6:54Speaker 2: of sleep. It was the best And I was like,
- 6:56Speaker 2: that's exactly what I needed. And I think, take a
- 7:00Speaker 2: little bit of pressure off your birthday would be my
- 7:02Speaker 2: life lesson all right?
- 7:03Speaker 1: Should we get into the episode, that's the word tell
- 7:10Speaker 1: us about TBH and like the origin story for those
- 7:15Speaker 1: that don't know it.
- 7:17Speaker 3: So the origin story of TBH was basically I was
- 7:21Speaker 3: a marketing student. I went and studied marketing. I love marketing,
- 7:25Speaker 3: love brand building. That was literally like all I had
- 7:28Speaker 3: in my mind was I landed in marketing. Pretty coincidentally,
- 7:31Speaker 3: I changed my preferences like two weeks before I was
- 7:33Speaker 3: actually going to unie. What were you going to do?
- 7:35Speaker 3: I had fashion design. Oh my god, I'm like every
- 7:39Speaker 3: typical girl that ends up out of like leaving school.
- 7:41Speaker 3: I had fashion design, interior design, psychology top three preferences amazing, yeah, classic,
- 7:46Speaker 3: And then on my tenth was marketing and media. And
- 7:50Speaker 3: then I was flicking through the career like book that
- 7:52Speaker 3: they give you, looking at the potential jobs, and I
- 7:55Speaker 3: went to the open day for fashion design and I
- 7:56Speaker 3: was like, you know what, this is too creative for me,
- 7:58Speaker 3: Like it's too like hands on creative. And then I
- 8:02Speaker 3: looked at the job options for marketing and it was
- 8:04Speaker 3: quite broad, and I was like, you know, I think
- 8:05Speaker 3: that's going to be more more my style. And so
- 8:08Speaker 3: I went and did that and I just felt like
- 8:10Speaker 3: it was really lucky. I just fell into it. I
- 8:12Speaker 3: loved it, loved my degree, loved everyone. I had like
- 8:15Speaker 3: such a unique, unique experience where I had heaps of
- 8:17Speaker 3: friends like just loved the whole thing. Anyway, left UNI
- 8:22Speaker 3: in my first ever job, which ended up being in
- 8:24Speaker 3: medical devices, which is a random as and I always
- 8:28Speaker 3: thought like, I want to go work for Coca Cola
- 8:31Speaker 3: and then like one day I'll do a Super Bowl commercial.
- 8:33Speaker 3: It was like my dream. But I ended up in
- 8:35Speaker 3: medical devices, which is basically everything that gets sold into
- 8:38Speaker 3: hospital and healthcare. Wow, like the nuts and bolts in
- 8:41Speaker 3: your knee for a surgery, et cetera.
- 8:43Speaker 1: Wow, how do you go about marketing for that?
- 8:46Speaker 3: Yeah? Well I was their first ever social higher B
- 8:49Speaker 3: to B very B to be very regulated, not that sexy,
- 8:54Speaker 3: very corporate. I learned a lot like commercially in that role,
- 8:57Speaker 3: which I loved. But it was through that that I
- 9:00Speaker 3: came across the technology that's now in our products. So yeah,
- 9:04Speaker 3: the universe really did me solid with that. So basically
- 9:08Speaker 3: knew that there was this patented tech being used in
- 9:11Speaker 3: hospital and healthcare to treat infections, and the same company
- 9:15Speaker 3: that had developed that's medical Research and development company. They
- 9:17Speaker 3: had patented that tech, and then they had taken that
- 9:21Speaker 3: tech and put it together in a skin care product
- 9:24Speaker 3: and trialed it against acne treatments and saw that it
- 9:26Speaker 3: was really effective, but they don't take anything direct market
- 9:30Speaker 3: and it's skin care and beauty, which I was like
- 9:32Speaker 3: a massive consumer off. I had a really big experience
- 9:35Speaker 3: with acne growing up, and so I just started asking questions.
- 9:39Speaker 3: And then my natural brain like loved brand building, loved business,
- 9:43Speaker 3: and so yeah, started asking questions. And the long story
- 9:46Speaker 3: short is that myself and my co founder who's my mum,
- 9:50Speaker 3: ended up going and pitching for the licensing rights to
- 9:53Speaker 3: that tech and they gave them to us. And she's
- 9:55Speaker 3: an accountant by trade, so she took on all of
- 9:58Speaker 3: the like ops and finance side of the business, and
- 10:00Speaker 3: then I ran and built like the brand, did all
- 10:03Speaker 3: the marketing, front facing stuff.
- 10:04Speaker 1: Oh my god, I didn't know your co founder was
- 10:06Speaker 1: your mom.
- 10:07Speaker 3: Don't you. So neither of us had ever done a
- 10:11Speaker 3: startup before. Neither of us had ever worked in beauty.
- 10:13Speaker 3: She was like an accountant. She'd worked at KPMG, like
- 10:16Speaker 3: you know, like traditional, and she was working in like
- 10:19Speaker 3: legal services and stuff like. It was very much like corporate. Oh,
- 10:23Speaker 3: never like startup, never beauty. Like, neither of us had
- 10:27Speaker 3: ever done anything in this space, So I don't know
- 10:29Speaker 3: what the hell we were thinking.
- 10:30Speaker 1: Oh my gosh, that's amazing.
- 10:33Speaker 2: That's incredible though, because I think so many people would
- 10:35Speaker 2: think I can't start a business in this because I
- 10:38Speaker 2: have no experience in it. But like here is the
- 10:41Speaker 2: perfect case study of if you have the passion, Yeah,
- 10:44Speaker 2: that's really all you need. Yeah, but another thing that
- 10:47Speaker 2: you need to start a business is cash flow money. Yes,
- 10:52Speaker 2: So how much does it actually cost to start a business?
- 10:56Speaker 3: It totally depends if you're talking about a product based
- 10:58Speaker 3: business or a service based business. Obviously, if you're starting
- 11:01Speaker 3: a business and you are selling a service, it doesn't
- 11:03Speaker 3: cost you a lot because you can essentially sell your
- 11:05Speaker 3: own service or you just need people. But in a
- 11:09Speaker 3: product based business, you are likely having to invest a
- 11:13Speaker 3: significant amount in stock up front. So we took out
- 11:18Speaker 3: one hundred and twenty thousand dollar alone with the bank,
- 11:20Speaker 3: and that pretty much all went to stock. We drew
- 11:23Speaker 3: down ninety grand of it like immediately, Wow, which was terrifying. Yeah,
- 11:28Speaker 3: so it costs a lot of money, honestly, if you
- 11:31Speaker 3: were to And again, the other question I would have
- 11:34Speaker 3: for people if they were to ask me this question is, well,
- 11:36Speaker 3: how fast you want to grow? So if you want
- 11:38Speaker 3: to start a business, and go like slowly slowly, then
- 11:41Speaker 3: you probably you just need the money for the stock
- 11:44Speaker 3: and if you can get a really good minimum order
- 11:45Speaker 3: quantity and not go all in like we did with
- 11:47Speaker 3: like five thousand units, if you can get like one
- 11:50Speaker 3: thousand or something, you might need twenty grand, thirty grand
- 11:54Speaker 3: or something. But if you want to grow and you
- 11:56Speaker 3: want to grow fast, and you're actually like all in
- 11:59Speaker 3: from day dot, which not necessarily my recommendation, but that's
- 12:03Speaker 3: how we did it, you need like minimum five hundred k,
- 12:06Speaker 3: well at a.
- 12:07Speaker 1: Minimum, if you were gonna have your time over again.
- 12:10Speaker 3: Is that how you would still do it? Oh? No,
- 12:13Speaker 3: I'd go all in because I kind of put us
- 12:15Speaker 3: in a position where we like had to succeed. I didn't.
- 12:17Speaker 3: I think if I had had an out, I might
- 12:19Speaker 3: have taken it, because it's really hard. There are so
- 12:23Speaker 3: many times we are like today's that I'm going to quit. Yeah,
- 12:26Speaker 3: So I think I'm really glad we went all in
- 12:28Speaker 3: because I probably wouldn't be here having this conversation today
- 12:31Speaker 3: if we like hedged our bets and given ourselves an exit.
- 12:35Speaker 3: But yeah, if I was to then do it again today,
- 12:39Speaker 3: it would obviously be very different because I've done it before,
- 12:41Speaker 3: so then I'd go even harder. I'd go like one
- 12:45Speaker 3: point five million. Bang, yeah, we're going.
- 12:48Speaker 1: I also think, like I don't want anyone to hear that,
- 12:51Speaker 1: and I'm gonna be like cool, So I can never
- 12:53Speaker 1: start a business because you can like there, you can
- 12:57Speaker 1: like do both ways.
- 12:58Speaker 3: That is gradual, it is. There are plenty of people
- 13:01Speaker 3: that have done that.
- 13:02Speaker 1: Yeah, and you know, have had successful businesses as well.
- 13:06Speaker 1: But I do also think it's refreshing to have the
- 13:09Speaker 1: honesty of being like, no, it was a really big
- 13:11Speaker 1: investment because we do see a lot of narratives that's
- 13:14Speaker 1: like I started my business with two dollars and a dream, yeah,
- 13:17Speaker 1: and it's like you do kind of. I think having
- 13:20Speaker 1: you know, your mum who was an account would have
- 13:21Speaker 1: been as well, so helpful because you can map out
- 13:24Speaker 1: those financials and that is probably it was really important
- 13:27Speaker 1: and most important step.
- 13:28Speaker 3: I would say, right, if you don't understand your cash flow,
- 13:32Speaker 3: that can become a major problem very very quickly. So
- 13:34Speaker 3: we would look at like daily cash flow, yeah, like
- 13:37Speaker 3: how much money we're going to have in the bank
- 13:38Speaker 3: if we decide to do this, and then like forward
- 13:41Speaker 3: projected out so Yeah, she was critical. When you're saying
- 13:44Speaker 3: cash flow, what do you mean for those who don't
- 13:46Speaker 3: know cash flow? So, if you're looking at a p
- 13:48Speaker 3: and L sorry, very business statement. You are looking at
- 13:52Speaker 3: each month like what your top line revenue is and
- 13:55Speaker 3: what your expenses are for that month, and then like
- 13:56Speaker 3: your marketing costs and everything, and then basically if you're
- 13:58Speaker 3: making a profit. But that isn't necessarily cash, like cash
- 14:03Speaker 3: going out the door. So when I talk about cash flow,
- 14:06Speaker 3: there's certain things that might not land in that month's
- 14:09Speaker 3: P and L, but it's cash going out the door,
- 14:11Speaker 3: for example, if you're placing pos for new products and stuff.
- 14:14Speaker 3: So cash flow is simply how much money do you
- 14:17Speaker 3: have sitting at the bank and when's it going to
- 14:19Speaker 3: run out? Yeah? Scary. Your p and L is catching
- 14:22Speaker 3: like your revenue and then what your cogs cost to
- 14:25Speaker 3: sell that and stuff. It's not actually cash, that's like
- 14:27Speaker 3: going in and out at the time. That's interesting.
- 14:30Speaker 1: Yeah, And speaking of profit and loss, when you're starting
- 14:34Speaker 1: a new business, should you expect to make a profit
- 14:36Speaker 1: straight away?
- 14:37Speaker 3: So different again, I would say, like how fast you
- 14:40Speaker 3: want to grow? We lost money for the first two
- 14:42Speaker 3: and a half years straight we just burned cash every month,
- 14:45Speaker 3: so we had runways. So when we started we had
- 14:48Speaker 3: one hundred and twenty thousand dollars alone. We raised about
- 14:50Speaker 3: two hundred thousand dollars a month's family and friends, and
- 14:52Speaker 3: that was like our runway. So it was like, Okay,
- 14:55Speaker 3: this is how much pot of money we have to
- 14:58Speaker 3: use to like start grow the business. And we didn't
- 15:01Speaker 3: expect to make money straight away because we wanted to
- 15:04Speaker 3: overinvest in things like marketing. So it wasn't like we
- 15:06Speaker 3: were taking out an office lease and hiring people. It
- 15:10Speaker 3: was we want to invest in marketing so that we
- 15:11Speaker 3: can grow quicker awareness. But we know that that's going
- 15:14Speaker 3: to cost more than essentially the revenue that's going to
- 15:17Speaker 3: come in initially and when you're add in cogs and
- 15:20Speaker 3: everything else in your shipping costs. So yeah, we were like,
- 15:23Speaker 3: you know what, let's go all in and we yeah,
- 15:26Speaker 3: didn't turn a profit for the first like, yeah, two
- 15:29Speaker 3: and a half years, which was terrifying. So there was
- 15:31Speaker 3: some months we would burned through thirty grand. Well, was it.
- 15:34Speaker 1: Really hard to stick with what you were doing when
- 15:37Speaker 1: you're seeing like you're doing a profit and loss and
- 15:39Speaker 1: you're not seeing profit are you like, what if this
- 15:42Speaker 1: never comes, Like, how do you kind of ignore the
- 15:45Speaker 1: voice in your head that is the imposter syndrome or
- 15:49Speaker 1: the inner sabatur that for those who are starting a
- 15:51Speaker 1: business or want to start a business if they're not
- 15:53Speaker 1: turning profit to not get disheartened.
- 15:56Speaker 3: Yeah, Look, we had a financial model, so I do
- 15:58Speaker 3: want to preface that in saying we knew that we
- 16:01Speaker 3: needed to get to a critical mass. Again though it's
- 16:04Speaker 3: a forecast, so it's not you know, Bible, but you're
- 16:07Speaker 3: looking at a forecast going if we can get to
- 16:10Speaker 3: this scale, will break even, right, So it was just
- 16:13Speaker 3: pushed forward to that scale. Yeah, and then we could
- 16:16Speaker 3: see that we would get efficiencies at a certain level
- 16:19Speaker 3: that would allow us to sort of become profitable, if
- 16:22Speaker 3: that makes sense. We were building an existing customer base.
- 16:24Speaker 3: They were coming back buying again from us, so they
- 16:26Speaker 3: were starting to then like build this base that was increasing,
- 16:29Speaker 3: and then we're building new customers on top of that.
- 16:31Speaker 3: So it was like going like that. So we could
- 16:33Speaker 3: see that our retention rate with customers was really good,
- 16:36Speaker 3: and so it made sense or we were missing was
- 16:39Speaker 3: cash to build new customers, and if we were to
- 16:41Speaker 3: do that, we would reach that mass Ah. Very interesting.
- 16:46Speaker 2: I think that's so important because my question was going
- 16:48Speaker 2: to be, well, how do you know when you should
- 16:50Speaker 2: throw in the towel?
- 16:51Speaker 3: But I guess that's the thing.
- 16:52Speaker 2: It's having it mapped out and having those goals and
- 16:55Speaker 2: knowing that that.
- 16:57Speaker 3: Is part of the process and that is part of
- 16:59Speaker 3: the plan.
- 17:00Speaker 2: And maybe if you don't have that plan, then how
- 17:02Speaker 2: would you know if you're on the right track and
- 17:05Speaker 2: to have that motivation. But I also wanted to ask
- 17:08Speaker 2: as a co founder, you wear lots of hats, and
- 17:11Speaker 2: it sounds like you and your mum were doing.
- 17:13Speaker 3: A lot everything. Yeah, a lot of different parts of
- 17:16Speaker 3: that with your mom. It was so interesting in the
- 17:19Speaker 3: early days because obviously you have a personal relationship and
- 17:22Speaker 3: then all of a sudden you're like professional, Like. I
- 17:25Speaker 3: even remember getting on calls and then being like, wait,
- 17:27Speaker 3: I can't call you mum, Like I've got to call
- 17:29Speaker 3: you Bridget, Like it was really weird. Yeah, imagine calling
- 17:32Speaker 3: your mom by her first name because I didn't want
- 17:34Speaker 3: to get on a business call with like someone else
- 17:37Speaker 3: my mom. Yeah, so I had to say to mum,
- 17:39Speaker 3: what's our profit? And I didn't even think about that
- 17:45Speaker 3: and so I had to like, yeah, call her by
- 17:46Speaker 3: her first name, which was weird getting used to that.
- 17:49Speaker 3: And then yeah, you just have to establish a totally
- 17:51Speaker 3: different dynamic. But we're like quite fiery people, so you
- 17:55Speaker 3: can't treat like a business problem or something like you
- 17:59Speaker 3: would like a pert wanted to hash out. Yeah, and
- 18:02Speaker 3: then you also have to realize, yeah, like respect what
- 18:05Speaker 3: that person's good at and vice versa. And once we
- 18:08Speaker 3: did that, like we went through a raise and we
- 18:11Speaker 3: had to define what our roles were. And when we
- 18:13Speaker 3: did that, it was actually like, oh, okay, we actually
- 18:16Speaker 3: understand how we work together now, whereas we didn't do
- 18:19Speaker 3: that at the start, and so it was very much
- 18:21Speaker 3: like we would butt heads and classic like is your
- 18:23Speaker 3: mum and daughter, But now it's epic. She's like the CFO,
- 18:28Speaker 3: I'm a CMO, and we've got a big team, so
- 18:30Speaker 3: we're more like removed and she kills it and so
- 18:33Speaker 3: we're kind of It's nice having like that in the
- 18:36Speaker 3: building where you're like, I know, I like know that's
- 18:39Speaker 3: a family member that like you have that trust with, like,
- 18:42Speaker 3: and we've gotten to experience all this growth together which
- 18:45Speaker 3: no one else will really ever understand.
- 18:47Speaker 1: What that's like yeah, And Saal and I say this
- 18:50Speaker 1: often as well, when because we'll sometimes get the question
- 18:52Speaker 1: of being like, is it hard working with your best friend? Yeah,
- 18:55Speaker 1: I actually think like whenever something is hard or you know,
- 18:59Speaker 1: maybe we've fucked something up or something's a bit more tense,
- 19:03Speaker 1: it's actually kind of nice because like, on the bottom line,
- 19:06Speaker 1: you know that person loves you anyway, Like it's not
- 19:08Speaker 1: a big deal in terms of your wider and larger relationship, like, yeah,
- 19:13Speaker 1: that person Like and I'm sure that's with your mum.
- 19:14Speaker 1: Like whenever you would butt heads or anything with work,
- 19:17Speaker 1: it would be like.
- 19:17Speaker 3: Yeah, but I still love you. Yeah, you still have mom. Yeah,
- 19:21Speaker 3: it's just trying not to let that stress and tension
- 19:24Speaker 3: of the business personal, which was I think the hardest
- 19:29Speaker 3: part in the early days when it was really high pressure.
- 19:31Speaker 3: But yeah, nowadays it's yeah, so nice. Yeah, oh that's
- 19:35Speaker 3: so beautiful.
- 19:36Speaker 2: And I'm sure a big part of that was also
- 19:37Speaker 2: delegation and getting support by growing a team as a
- 19:42Speaker 2: co founder. Do you have any advice for delegating and
- 19:45Speaker 2: letting go of the rains a little bit?
- 19:47Speaker 3: Yeah, I had a quick transition with this, so I
- 19:50Speaker 3: went from founder to like c suite. Overnight, we went
- 19:54Speaker 3: through a merger and then the business scaled really fast
- 19:59Speaker 3: and we had to hire really quickly, and it was
- 20:02Speaker 3: impossible for me to continue to do everything, so I
- 20:05Speaker 3: was forced to hand over the reins. And I think
- 20:09Speaker 3: what helped was really being able to articulate, Okay, this
- 20:13Speaker 3: is the thing that requires my attention, it's actually what
- 20:16Speaker 3: I'm really good at, and then these are the other
- 20:18Speaker 3: things that I've been doing that I don't need to
- 20:20Speaker 3: do that other people actually better at. So it was
- 20:23Speaker 3: just accepting that, like having the humility to be like, yeah,
- 20:27Speaker 3: let's get other people in here to help me do this.
- 20:30Speaker 1: Yep.
- 20:31Speaker 3: And obviously when you hire people, they're not founders, so
- 20:34Speaker 3: they're not going to necessarily like have that same history
- 20:40Speaker 3: of the business and like understand all the context. But
- 20:44Speaker 3: I think you can hire based on values, and if
- 20:46Speaker 3: you do that, you will get people in the business
- 20:48Speaker 3: who align with you very very well. And it was
- 20:51Speaker 3: up to me defining what those values were to make
- 20:55Speaker 3: the right hires that made me feel like, yes, I've
- 20:57Speaker 3: got this team, and my job then became about foracilitating them.
- 21:01Speaker 1: So do you think it's more important to hire based
- 21:03Speaker 1: on values or experience.
- 21:04Speaker 3: Values always real. So I say skill sets like seventy percent,
- 21:07Speaker 3: cultures one hundred yeah always Woweah. And it's like different
- 21:12Speaker 3: skill sets, different ways of thinking, same values. So it's
- 21:15Speaker 3: like different difference in thought, but same values. So you
- 21:20Speaker 3: have different opinions in the room, but you have the
- 21:22Speaker 3: same like callways. Yeah, I love that. Yeah.
- 21:26Speaker 2: You've also spoken about the importance of the eighty twenty
- 21:30Speaker 2: yeah rule when it.
- 21:30Speaker 3: Comes to business.
- 21:31Speaker 2: Can you talk us through what that is and how
- 21:34Speaker 2: you can apply that to business but also to life.
- 21:36Speaker 3: Yeah. I mean, so the eighty twenty rule is twenty
- 21:39Speaker 3: percent of what you are doing is driving eighty percent
- 21:42Speaker 3: of the result. So typically in a business there'll be
- 21:45Speaker 3: twenty percent of activities that's driving eighty percent of revenue.
- 21:48Speaker 3: So when you're in a startup and you're a founder,
- 21:50Speaker 3: I say it even to my team now, because there's
- 21:52Speaker 3: so much on eighty twenty. If it's not in the
- 21:55Speaker 3: twenty that's driving the eighty, drop it because you I
- 21:58Speaker 3: think we're all very like it's very easy to sit
- 22:01Speaker 3: and do busy work, but it's actually hard to go
- 22:06Speaker 3: you know what, that's the twenty percent that requires my
- 22:08Speaker 3: full attention. And I'm going to drop these five other things,
- 22:11Speaker 3: so instead of being busy, it's like being productive. And so, yeah,
- 22:16Speaker 3: I think eighty twenty rule. I just use it all
- 22:18Speaker 3: the time to be like is this worth my attention?
- 22:21Speaker 3: Is it in the twenty percent? And if it's not,
- 22:23Speaker 3: drop it. That's so good.
- 22:26Speaker 1: That's really not just something in my brain stops from femails.
- 22:30Speaker 1: It's not on my twenty.
- 22:31Speaker 3: It sounds like yes it is all right, Yeah, I
- 22:35Speaker 3: know it's not on my twenty. Yeah, but I think
- 22:37Speaker 3: it's a great rule because you can feel so busy
- 22:40Speaker 3: in things, be like you know what, this is not
- 22:42Speaker 3: right now, and like you can get to the remainder
- 22:45Speaker 3: another time. But it's just when you're in those days
- 22:47Speaker 3: where you don't know where to look, like go to
- 22:49Speaker 3: the twenty percent. Yeah.
- 22:50Speaker 1: And I think you do need like yes and no
- 22:53Speaker 1: rules to prioritize because it's really hard to be like
- 22:57Speaker 1: should I do this? Like you can get a little
- 22:59Speaker 1: bit paralyzed with and so I think it's really helpful
- 23:01Speaker 1: to be like, have something that is your rule of thumb,
- 23:04Speaker 1: that easy yes or no.
- 23:05Speaker 3: Yeah.
- 23:05Speaker 1: So last year TVH went viral with the gen Z
- 23:12Speaker 1: Boss and a mini skirt talk us through what happened.
- 23:16Speaker 3: Well, this was the this was the one no One
- 23:21Speaker 3: We filmed a trend in the office on a Monday.
- 23:24Speaker 3: I remember it very distinctly. Were you literally content in
- 23:27Speaker 3: the office is very much on the fly. So I
- 23:32Speaker 3: came in. I was like, has anyone seen this cowboy
- 23:34Speaker 3: boots and a blowy and yeah, and we were and
- 23:39Speaker 3: everyone in the office was like, yeah, its hilarious. I
- 23:41Speaker 3: was like, let's just stand up now and do it. Yeah.
- 23:44Speaker 3: It was so off the cuff and we're all just
- 23:46Speaker 3: standing in a circle. I have the BTS footage of
- 23:48Speaker 3: us doing it, and we're like what should we say
- 23:50Speaker 3: and like we're coming up with each other in a moment,
- 23:54Speaker 3: like none of it was planned. And so I was
- 23:56Speaker 3: starting the video and then everyone's like, oh, like do
- 23:59Speaker 3: that you're the boss or something and I said like, oh,
- 24:01Speaker 3: gen Z boss And I was wearing a mini skirt
- 24:02Speaker 3: and yeah mini And we filmed that and then the
- 24:05Speaker 3: team went round. There was like fake tan hands and
- 24:07Speaker 3: a hoop, which was one of my favorites. Yeah, and
- 24:10Speaker 3: it was just a chance. We put it up to
- 24:13Speaker 3: be part of the trend on TikTok. That's how we
- 24:15Speaker 3: run the TikTok page and it went up and it
- 24:18Speaker 3: didn't go like really viral. It went viral like it
- 24:21Speaker 3: got over one hundred thousand views very quickly. But it
- 24:24Speaker 3: wasn't until the next morning because it was all us
- 24:28Speaker 3: where we woke up and then it was like in
- 24:30Speaker 3: the millions and we were like, oh, okay, cool, like
- 24:33Speaker 3: yay for us, viral video all good. There were some comments,
- 24:36Speaker 3: and I always say, when you see hate comments coming
- 24:38Speaker 3: up on your TikTok, you're going viral. So I'm like,
- 24:41Speaker 3: you know what the hate is driving the engagement, Like
- 24:43Speaker 3: at the end of the day, it was hard to do.
- 24:45Speaker 3: You're going viral. Yeah, so I think we can take
- 24:49Speaker 3: like a oh that's cringe or whatever. I was like, yeah,
- 24:51Speaker 3: you know, we're used to that, Like if you're going
- 24:53Speaker 3: to put yourself on social media, you can't got to
- 24:55Speaker 3: be ready to like face a bit of that commentary.
- 24:58Speaker 3: But it got republic which was one of the first
- 25:01Speaker 3: times that had ever happened to us, where the video
- 25:04Speaker 3: got taken off TikTok and put onto Twitter and someone
- 25:08Speaker 3: turned it into a meme so they put above and
- 25:11Speaker 3: I like laugh because I do think it's funny they
- 25:13Speaker 3: put above it HR doing this chant before they do
- 25:17Speaker 3: layoffs or something. It was something so random about HR right,
- 25:20Speaker 3: and I was like, whatever it got turned into a meme.
- 25:22Speaker 3: But the page that posted it must have been it
- 25:25Speaker 3: has a specific type of following, and it got twelve
- 25:28Speaker 3: million views. Basically this was by the Friday and it
- 25:31Speaker 3: had twelve million views. And so we created a Twitter
- 25:33Speaker 3: page and we were like reading all of this and
- 25:36Speaker 3: initially the girls in the office we were all like, oh,
- 25:40Speaker 3: this is funny because it was so like that it
- 25:43Speaker 3: was so far like from reality.
- 25:46Speaker 2: And what it started as too, you'd be like this
- 25:48Speaker 2: is so surreal.
- 25:49Speaker 3: Yeah, We're like this is so silly. So people were
- 25:51Speaker 3: commenting like this is why women should go back to
- 25:54Speaker 3: the kitchen, like all this stuff like women don't belong
- 25:56Speaker 3: in the workforce, blah blah blah. And I sat there
- 26:00Speaker 3: and I was like, we should just do a clapback
- 26:01Speaker 3: and annoy them more by doing the same video with
- 26:04Speaker 3: their comments, and so the team was like, yeah, let's
- 26:07Speaker 3: do it. So we literally again jumped up in a circle,
- 26:10Speaker 3: filmed this off the cauff looking at the comments, posted
- 26:13Speaker 3: it as like a clapback because I often think when
- 26:15Speaker 3: people are making fun of you online, like the most
- 26:18Speaker 3: powerful thing you can do is laughing yourself and like
- 26:21Speaker 3: join in. And so the team did that. And what
- 26:25Speaker 3: that did was it painted a very good picture I
- 26:29Speaker 3: think of we were very unfazed. Yeah, and everyone was
- 26:33Speaker 3: like these chicks like are handling this like brilliantly. But
- 26:37Speaker 3: what happened was we posted that on the Friday. On
- 26:40Speaker 3: the Saturday, I was actually away on my husband's thirtieth
- 26:43Speaker 3: like trip weekend, and I was sitting at a pub
- 26:48Speaker 3: and someone sent me a Twitter post. And Andrew Tate
- 26:53Speaker 3: had posted the video to his Twitter page and he
- 26:56Speaker 3: had said, if you do not escape the matrix women
- 26:59Speaker 3: like this will be your boss. And I saw it
- 27:02Speaker 3: and I was like, this is like Andrew Tate like, yeah,
- 27:06Speaker 3: like this is not like I think. I was really
- 27:08Speaker 3: struggling to process it. Originally I was like, this is
- 27:10Speaker 3: a joke, like funny, and then I was like, no, actually,
- 27:14Speaker 3: this is like going to send everyone on the internet
- 27:17Speaker 3: our way, like everyone that we don't want people who
- 27:19Speaker 3: are not our customers, We don't care what they think.
- 27:21Speaker 3: It was just like sending them all to our pages.
- 27:23Speaker 3: So then our Instagram started getting like flooded. Our dms
- 27:27Speaker 3: were flooded, our customer service was flooded with like the
- 27:31Speaker 3: most horrific types of messages. And so I ended up
- 27:36Speaker 3: on the phone with the CEO like of our company,
- 27:38Speaker 3: our merged company, and I was like, I'm really worried now,
- 27:40Speaker 3: Like this went from being like viral haha, someone turned
- 27:44Speaker 3: it into a meme to like no, we need to
- 27:46Speaker 3: protect our stuffy yeah. And so it was really hard
- 27:51Speaker 3: because one I was in the video, so I was
- 27:55Speaker 3: also trying to process like everything that was happening. Two
- 27:59Speaker 3: I was then really worried about the stuff, and then
- 28:02Speaker 3: three I had to be front facing for all the
- 28:04Speaker 3: media that was coming in thick and fast after that happened.
- 28:08Speaker 3: So I got my publicist on the phone. I was like,
- 28:10Speaker 3: this has just happened, and she was like I'm on standby,
- 28:13Speaker 3: Like we need to make a plan, but she was like,
- 28:15Speaker 3: don't worry. The new cycles twenty four hours, like you'll
- 28:17Speaker 3: be old news no time. What happened was then Donald
- 28:21Speaker 3: Trump got shot the next morning. This is so crazy,
- 28:23Speaker 3: how this So Donald Trump got shot and then on
- 28:27Speaker 3: Twitter everyone I was like, oh, we're gonna be old news,
- 28:30Speaker 3: Like we will just fade into the background because everyone
- 28:33Speaker 3: will be talking about this instead, and we actually got
- 28:36Speaker 3: caught up in it. So then people were saying, like
- 28:40Speaker 3: Shooter revealed as gen Z Boss and a mini and
- 28:43Speaker 3: then like it just got like out of control and
- 28:46Speaker 3: to be on the receiving it like this was by
- 28:49Speaker 3: this time the video on Twitter had over one hundred
- 28:52Speaker 3: million views, So when I'm talking like viral, like it
- 28:56Speaker 3: was like worldwide main people were comparing me to like
- 28:59Speaker 3: the Hawk Talk girl, yeah, and I was like, this
- 29:02Speaker 3: is ridiculous. And then it obviously opened up commentary more
- 29:06Speaker 3: broadly around us filming these trends us as employees putting
- 29:11Speaker 3: our staff like in dangerous situations. So it was a
- 29:15Speaker 3: lot of and obviously that hits hard because I care
- 29:18Speaker 3: so deeply about the team, and so we had like
- 29:22Speaker 3: threats and all sorts. So we actually locked down the building. Oh,
- 29:26Speaker 3: we told all the stuff don't come in on Monday,
- 29:29Speaker 3: but I went in to meet with management team to
- 29:32Speaker 3: be like, how are we going to approach this. I
- 29:34Speaker 3: woke up on Monday morning, New York Post, Bust or Sports,
- 29:37Speaker 3: all of these US publications had gone live with stories
- 29:40Speaker 3: about it. So my publicist was like, oh my gosh,
- 29:44Speaker 3: like there's all of this coming in people asking for commentary.
- 29:47Speaker 3: So at six am every morning that week, I would
- 29:49Speaker 3: wake up and she would message me saying, this is
- 29:52Speaker 3: all the commentary that we need to reply to deal with.
- 29:55Speaker 3: And then I was at the same time like trying
- 29:57Speaker 3: to look after the staff. We brought in counselors and
- 29:59Speaker 3: also yes, but I think I had to like come
- 30:02Speaker 3: last essentially in that whole process. So, yeah, counselors came in.
- 30:06Speaker 3: We looked after the staff in the best way when
- 30:09Speaker 3: you possibly we took it to the police. They already
- 30:10Speaker 3: knew about it. What yeah, wow, Yeah, they were already
- 30:14Speaker 3: aware of it because of the threats we were getting.
- 30:16Speaker 3: We just compiled them. The CEO took over customer service,
- 30:19Speaker 3: so the girls were no longer doing customer service, our
- 30:21Speaker 3: ceo was doing it. It was crazy, and we presented
- 30:24Speaker 3: like a very I think people didn't really understand what
- 30:28Speaker 3: we were going through. My husband was dropping me to
- 30:30Speaker 3: the door of the building and then picking me up
- 30:32Speaker 3: after the threats that I was getting. It was crazy, well.
- 30:35Speaker 1: Because of a silly little TikTok. Yeah, were there any
- 30:39Speaker 1: positives from the situation.
- 30:41Speaker 3: I think a lot, like the community that came against
- 30:45Speaker 3: us were people we did not want to be associated
- 30:48Speaker 3: with anyway. I always say, if it was our customers
- 30:50Speaker 3: coming from us, it was actually would actually cut me
- 30:52Speaker 3: a lot deeper because they're people that I genuinely care
- 30:54Speaker 3: about versus like randoms on the internet in the US
- 30:57Speaker 3: that I was like, you know, you're just not the
- 30:58Speaker 3: customer I don't care. But then they were matched with
- 31:02Speaker 3: everyone in our community who came back and fought for
- 31:05Speaker 3: us hard. So it was like we almost had this
- 31:08Speaker 3: community like wrap their arms around us and take us
- 31:11Speaker 3: through that, and then they've been behind us ever since,
- 31:14Speaker 3: which has been really so be really validating. Yeah, it
- 31:17Speaker 3: did bring a lot of positivity. For every negative comment,
- 31:20Speaker 3: there was a positive comment, so.
- 31:21Speaker 1: Sure they nice for it to just not but yeah, it.
- 31:25Speaker 3: Was a lot. I think it was really like I
- 31:27Speaker 3: reflect on that time for me and how hard it
- 31:29Speaker 3: was balancing all three components of like being being like
- 31:33Speaker 3: the subject of it, being the leader for the team
- 31:36Speaker 3: and having to protect them, and being front facing and
- 31:39Speaker 3: presenting a certain like pr image to turn the narrative
- 31:44Speaker 3: for everyone. Video. Yeah, so we took the video down
- 31:49Speaker 3: and that was a team decision. That wasn't me. So again,
- 31:52Speaker 3: like I was very like we were checking in with
- 31:55Speaker 3: the team every single day and I was like, if
- 31:57Speaker 3: there is one person that doesn't want this up, we're
- 31:59Speaker 3: taking it down.
- 32:00Speaker 1: Yeah.
- 32:00Speaker 3: And we actually anonymously took those votes so that people
- 32:05Speaker 3: felt like they had a voice and they did me yeah,
- 32:07Speaker 3: and someone said no, would took down.
- 32:10Speaker 1: Well, that's amazing And I think that's actually a really
- 32:13Speaker 1: good lesson to anyone who is starting a business that,
- 32:16Speaker 1: like giving people the space to share their opinions without
- 32:19Speaker 1: pressure and that and do it do so anonymously is
- 32:23Speaker 1: also really really powerful. I want to I want to
- 32:26Speaker 1: talk about a more positive virality if you will.
- 32:30Speaker 3: And sour so very exciting.
- 32:34Speaker 2: The TVH Rebound skin milk recently went viral for being
- 32:38Speaker 2: a dupe of the road glazing milk. Was this intentional
- 32:42Speaker 2: or was it a happy accident?
- 32:44Speaker 3: No, it was a happy accident. So as in we
- 32:46Speaker 3: when we were creating that product did not dupe the
- 32:49Speaker 3: road glazing milk. We knew milky Tona's were like in
- 32:52Speaker 3: like an up and coming format of product, and so
- 32:55Speaker 3: we were like, we want to add in a milky
- 32:57Speaker 3: toner that's really hydrating barrier supporting didn't even I'd never
- 33:02Speaker 3: bought the road one, never tried the road one like nothing.
- 33:05Speaker 3: I probably should have, but you know, I think I
- 33:08Speaker 3: was just focused on what we wanted to create with Hannah.
- 33:10Speaker 1: I think that's a nicer way to go about it too. Yeah,
- 33:13Speaker 1: because you are creating something for a specific problem.
- 33:16Speaker 3: Not necessarily. Yeah, we create products more so because we
- 33:19Speaker 3: talk to the customers. We find out what they want
- 33:21Speaker 3: and need, and then we just go into our holes
- 33:24Speaker 3: and create that. But then when it came out, obviously
- 33:27Speaker 3: people loved the milky tone. It was probably the most
- 33:30Speaker 3: successful out of the launch. And then people were saying, well,
- 33:34Speaker 3: we can't get road glazing milk. If you can't get
- 33:36Speaker 3: road glazing milk and you're in Australia, I've tried this
- 33:38Speaker 3: and it's a really good alternative, and then that quickly
- 33:41Speaker 3: became road Dube TBA just can't care ya blazing milk,
- 33:45Speaker 3: which for us, I actually have compared the two now
- 33:48Speaker 3: I got my hands on it, and they do have similarities.
- 33:51Speaker 3: They're both glazing milks. The textures are relatively similar. Road
- 33:54Speaker 3: glazing milk has like a slightly more dewy finish which
- 33:56Speaker 3: makes sense because our customers don't necessarily like really heavy
- 34:00Speaker 3: dewey products. And they both have the same skin like
- 34:03Speaker 3: seramides in them. Yeah, and so they have quite like
- 34:07Speaker 3: a few similar ingredients. But then TBA just has a
- 34:09Speaker 3: whole bunch of other like barry supporting calming ingredients because
- 34:12Speaker 3: it was a calming tner, not just like a barrier
- 34:15Speaker 3: supporting tner. But yeah, so they are relatively similar. But yeah,
- 34:19Speaker 3: we didn't dupe it in that way, like as in,
- 34:22Speaker 3: we would never get a product and be like, okay,
- 34:23Speaker 3: we're duping it. The road glazing milk is beautiful. Yeah,
- 34:27Speaker 3: but yeah, I think for us it was like great,
- 34:29Speaker 3: if we are being recommended as the alternative in Australia,
- 34:33Speaker 3: take that, Yeah, like that's epic, and actually it is
- 34:35Speaker 3: a really good alternative. Hours actually does more and you
- 34:38Speaker 3: can get it for cheaper, so like great.
- 34:40Speaker 1: I do really want to ask this because I always
- 34:42Speaker 1: find the answer very interesting, But what is the most
- 34:45Speaker 1: expensive life lesson you've learned on your business, specifically on
- 34:50Speaker 1: the business or just in general.
- 34:54Speaker 3: I mean, there's a lot of mistakes that I made
- 34:55Speaker 3: in the business early on that would have cost money.
- 34:57Speaker 3: I call them school fees. Because I'm like, it's lessons.
- 35:01Speaker 3: It's not actually like that's what you're paying for an education.
- 35:07Speaker 1: You didn't fuck up financially, You paid for an education,
- 35:11Speaker 1: you won't ever do it again.
- 35:13Speaker 3: You paid for a life lesson. So I don't necessarily, yeah,
- 35:16Speaker 3: I don't necessarily associate like expensive mistakes with the business
- 35:20Speaker 3: because I see them all as learnings, although we've had
- 35:22Speaker 3: like plenty along the way, But expensive life lesson which
- 35:27Speaker 3: I actually had prepped this episode was that I forced
- 35:30Speaker 3: myself to try and save for a property in Sydney.
- 35:34Speaker 3: And I feel like this is a really it's not
- 35:36Speaker 3: something I talk about with my friends all the time,
- 35:37Speaker 3: because I feel like our generation has like this narrative
- 35:41Speaker 3: of buy a house in Sydney and like settle down.
- 35:43Speaker 3: That's the best thing you could ever financially do for
- 35:45Speaker 3: yourself is buy a house in Sydney. And my partner
- 35:49Speaker 3: and I had saved for a very long time trying
- 35:51Speaker 3: to do that. We've gotten pre approved for a big
- 35:53Speaker 3: loan and a big mortgage, and we were going to
- 35:55Speaker 3: like these we literally went to auctions and bid and
- 35:58Speaker 3: I'm so thankful that we never ever got a property
- 36:01Speaker 3: in Sydney because I looked at the mortgagery payments and
- 36:03Speaker 3: I was like, that is so like gonna drain us financially.
- 36:06Speaker 3: We won't be able to live where we want to live.
- 36:08Speaker 3: And so we decided to invest in property interstate. And
- 36:12Speaker 3: I say, my most expensive life lesson is that we
- 36:15Speaker 3: could have done that four years earlier, and the four
- 36:18Speaker 3: years that we've missed in market we will never get back.
- 36:22Speaker 3: And it's been an extremely expensive mistake to learn.
- 36:25Speaker 1: But also, yeah, I love that one. That's so cool Sydney.
- 36:33Speaker 3: Yeah, really like that. So if people feel like they
- 36:36Speaker 3: can't invest, like can't ever buy a house in Sydney,
- 36:38Speaker 3: there's other things that you can do that can actually
- 36:40Speaker 3: grow your money for you because you'll be able to
- 36:42Speaker 3: get in sooner and you actually earn more money than
- 36:44Speaker 3: if you're just waiting to buy house in Sydney. So good.
- 36:47Speaker 1: Yes, such a smart cookie.
- 36:52Speaker 3: Fuck you guys, don't get me started. Yeah, exactly.
- 36:58Speaker 2: No, we're gonna leave it on a positive note. Thank
- 37:01Speaker 2: you so much for making the time.
- 37:03Speaker 3: We know you are so booked and busy.
- 37:05Speaker 1: We'll need to do a part two because I have
- 37:06Speaker 1: so many more questions.
- 37:07Speaker 3: Honestly, I would love to do that with you guys.
- 37:10Speaker 2: Yeah, oh my gosh, well, thank you so much for
- 37:12Speaker 2: coming on. We'll make sure to put lots of links
- 37:15Speaker 2: in the descriptions. Everybody can shop all things TVH skincare
- 37:18Speaker 2: and of course follow you on all your socials and
- 37:21Speaker 2: if you haven't tried.
- 37:21Speaker 1: The pimple patches, go get them today please we'll link
- 37:25Speaker 1: those in the show.
- 37:26Speaker 3: That my saving grace.
- 37:27Speaker 2: But thanks to your chicks for having us in your
- 37:29Speaker 2: ear holes. We'd love to be here, and thank you
- 37:31Speaker 2: to m ik Made for making today's episode happen.
- 37:34Speaker 3: Bye bye