High school dropout Brittney Lee Saunders launched her first brand aged 24 and admitted she had “no idea” what she was doing.
Fast forward just four years and the 28-year-old from Newcastle has an estimated net worth of between $4-5million and is working on her fifth brand – a cafe.
The YouTuber-turned-businesswoman beauty is known for her likable personality and social media content.
She is the proud CEO and founder of Fayt The Label, Staple Swim, Form Active, Fayt The Store and soon Outdo Collective and Outdo Espresso.
Brittney told Daily Mail Australia how her business success began and offered her advice to those looking to follow in her footsteps.
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At just 28 years old, Brittney Lee Saunders has an estimated net worth of between $4-5 million and is working on her fifth brand – a cafe
Brittney launched her first clothing brand Fayt The Label on September 14, 2017 with no previous experience or knowledge. The brand offers stylish clothing in a wide variety of sizes and high quality fabrics, with sizes ranging from 6 to 24
Fayt The Label (say spell) was launched in September 2017 as Brittney’s YouTube career was in full swing.
The brand offers stylish clothing in a wide variety of sizes and high quality fabrics, with sizes ranging from 6 to 24.
“I’m a curvy girl myself, so I understand the difficulty of shopping for clothes, especially online, so that’s something I take into consideration with every piece we design,” Brittney said.
Her other brands Staple Swim, Form Active and Fayt The Store are also retail-based, making it easier for Brittney to organize her time and prioritize tasks.
His latest venture Outdo Collective and Outdo Espresso will be both a café and a creative space for events, workshops and brand activation.
But the path to success was rocky at times and Brittney invested “six figures” to get Fayt The Label up and running.
‘I’ll be completely honest with you, I had no idea what I was really doing. I didn’t have any direction, but I feel like I’ve always had an entrepreneurial spirit,” she said.
“People always ask me the question ‘how to start my own business’, and my answer is always: Google.
“I can confidently say that I learned everything I know about business from Google and use it almost every day, even now, whenever I need to know something!”
Brittney’s accomplishments show you don’t need a ‘million dollar business idea’ to run a successful brand while demonstrating that anyone can do it if they have the motivation .
“People always ask me the question, ‘how can I start my own business,’ and my answer is always: Google,” Brittney said.
Strategically, her other brands Staple Swim, Form Active and Fayt The Store all fall into the same retail category, making it easier for Brittney to organize her time and prioritize tasks.
What do you need to know before starting a business?
1. Be prepared to spend more money than ever before, forever! (spending never ends)
2. Be ready to sacrifice everything – your time, your late nights, your early mornings, your mental capacity, your money, your social life, literally everything
3. Be ready to work harder than ever before
What not to do when setting up a new business:
1. Don’t underestimate your product or company/service, base your prices on how much everything is costing you
2. Don’t try to do everything yourself and don’t be afraid to ask for help
3. Make sure you stay on top of all the tax aspects of things! Hire an accountant to stay on top of all things tax-related
When asked what advice she would give to others wanting to start a business, Brittney said she was willing to invest the money in the idea and “ready to sacrifice everything”.
“The problem with starting a new business is that the costs never end, especially when you’re just starting out,” she said, adding that you’ll have to sacrifice your time, your social life, and “literally everything ” to start.
“Fayt was a six-figure investment to start with – but at the same time we were starting on a bigger scale knowing that I had an online following that I hoped would be potential customers,” she said. declared.
At the same time, Brittney said to never undervalue your products or services and always base prices on full costs.
She also strongly recommended staying on top of finances by hiring an accountant.
Brittney’s latest venture, Outdo Collective and Outdo Espresso, will be both a café and a creative space for events, workshops and activations
When asked what advice she would give to others wanting to start a business, Brittney said she was “willing” to invest the money in the idea and “willing to sacrifice everything”.
Although running five businesses can seem stressful, Brittney says she remains carefree.
“I have an incredible team of 13 employees who help us run our businesses on a day-to-day basis and I couldn’t do it without them,” she said.
“I’m not a stressful person and I don’t often worry about things (which could be a surprising or bad thing), but overall being carefree and easy-going has proven so far. be an asset to manage several companies.”