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Networth and Chill with Your Rich BFF

The Sweet Victory of Starting Your Own Business with Candace Nelson

Networth and Chill with Your Rich BFF

Vivian Tu

News, Business, Careers, Business News, Entrepreneurship

4.41.6K Ratings

🗓️ 13 September 2023

⏱️ 46 minutes

🧾️ Download transcript

Summary

My fav, Marshalls, is sponsoring today’s episode reminding us where we can get the good stuff for less (advertisement by Marshalls). On this week's episode of Networth and Chill, I'm sitting down with the queen of cupcakes and founder of Sprinkles, Candace Nelson. Opening your own business can feel like a huge risk, especially when you are throwing a complete career change into the mix. But when Candace lost her job as an investment banker, she did just that, and opened one of the most recognizable cupcake businesses in the country. I ask Candace what it was like to pivot her professional career into something completely new, what drew her to baking, and what some of the biggest challenges she faced were when starting out. There is so much that goes into opening your own business, and I ask Candace what advice she has for those looking to head down that path.

Got a financial question you want answered on a future episode? Text me or leave me a voicemail at 908-858-3410.

Special thanks again to Marshalls for sponsoring this episode!

Transcript

Click on a timestamp to play from that location

0:00.0

What's up, rich friends? Welcome back to another episode of Network in Chill with me,

0:11.3

your host Vivian2, aka, your rich BFF and your favorite Wall Street girly. Before we get

0:16.4

started, just a quick reminder, if you have any money questions that you'd like to ask,

0:20.5

please call or text 908-858-3410 and we'll try to answer as many as we can on the show.

0:27.9

Speaking of which, this week we're going to address one of the most asked questions in my DMs

0:33.4

and on our phone line everywhere. So many of you have reached out and sent the same message.

0:38.4

I've just been laid off, I don't know what to do, I've been in XYZ for my entire life,

0:44.1

I'm so shocked and upset, what do you recommend? And I'll be honest, every time I get this message,

0:51.1

it's a gut punch. Because in our society, our identities are so closely tied to what we do

0:57.0

for a living. And when we lose one of the biggest defining factors of who we are,

1:01.6

it can feel like we've lost a little piece of ourselves. And I'm not saying that's how it should be,

1:06.0

but it certainly is how it can feel. And I've been so lucky that I've never personally been laid off,

1:11.6

but I wanted to be able to give thoughtful advice so I knew we had to have a guest who has.

1:17.1

There is nobody better to help guide us than the queen of cupcakes, a leading pioneer in the

1:22.0

food space, a New York Times best-selling author and founder of Sprinkles. Everyone please welcome

1:27.7

Candace Nelson. Thank you Vivian, thanks for having me here. Of course, thank you so so much for

1:32.9

being here. Obviously you are a multi-hyphenate, baker, founder, TV host, author. Can you give us

1:39.1

like your own 30-second explainer of how you would describe yourself? Sure. I would say that I am

1:46.4

an entrepreneur, author, TV personality, mom, and mom. I love that. I'd like to take a quick

1:57.0

second to thank our advertising partners at Marshalls, all net worth and chill besties know that

2:02.7

Marshalls hustles to get the deals. So you get the good stuff. As your rich BFF who likes to save

2:08.6

and doesn't compromise on quality, Marshalls is literally my best friend. Marshalls has high

...

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