Hey guys! Welcome to this week's episode of the Wealth Unplugged podcast!

Here are the key tips I took from interviewing the amazing Robyn Foyster, Founder of The Carousel, on Feminine Wealth TV this week.

Robyn has been a powerhouse in the magazine industry for many years. She started her career as a journalist before moving on to magazine editor and then publisher of 8 of Australia’s most well known women’s mags. At the height of her career she decided to throw it all in and take on the entire industry by launching her own next gen multi media platform called  The Carousel.

This woman can tell us a think or two about success for sure !

Takeaway #1 - Watch where the future is going

Just because something has been successful in the past doesn’t mean it’s going to be successful in the future. You have to keep your eye on where things are going and how the markets wants and needs are changing.
Robyn saw the shift towards online, bite sized video and mobile content happening and realised the magazine industry was about to be heavily challenged.
The diamonds can often be found when you stay one step ahead of this kind of change.

Takeaway #2 - The ‘5 ingredient’ recipe for success in business

Robyn shared with us the ‘5 key ingredients’ she has learned are key to success in business.
A great idea; Money; Timing; Balls of Steel and of course ….. LUCK!

It’s really important to be passionate about what you do, but there is a lot more to it than just passion. The people who just go on passion alone and expect all the rest to fall into place can get seriously burnt in business !

Takeaway #3 - Money really matters!

When getting a business off the ground successfully money is super important! Usually things will take twice as long as you anticipated to get going and will cost 3 times as much. When you don’t budget for this it’s easy to see how people fail in business.
The numbers never lie so don’t leave yourself wide open tot his stressful situation. Do your numbers and then double them !
I’d love to hear from you! What did you take away from the podcast or Robyn’s interview? Please comment below…