EP088 Wastenot Farms: Using Worms to Recycle Food Waste with Jocelyn Molyneux

Jocelyn Molyneux is the Founder of Wastenot Farms, a company that uses red wiggler worms to recycle and compost food and paper waste from offices in Toronto, creating a nutrient-loaded soil booster for urban gardeners. Jocelyn has worked for companies such as ZooShare Biogas Co-operative, Pride Toronto, and Turtle Island Recycling Corporation. She has an M.A.Sc. in Environmental Science and Management, a Bachelor of Business Administration Management and a Bachelor of Science in Psychology and Neuroscience from Bishop’s University.

 

Jocelyn joins me today to share her motivations and the experiences that led to creating a business. She highlights how she became a specialist in her field and how vital it was for her success. She describes how a full-time job supported her while developing her business. She also shares how important it is to invest in yourself and consider whether financial risks are worth taking.

 

“Really drill down and become an expert. Once you’re an expert, you’re that much more valuable.” – Jocelyn Molyneux

 

This Week on Young Money:

 

• What motivated Jocelyn to start a food waste recycling business.
• Becoming an expert and becoming more valuable to an employer.
• Why never giving up and throwing in the towel is a great trait to have.
• Having a side gig while building a business.
• Taking on good debt and why it is vital to invest in yourself.
• Assessing whether financial risks are worth taking.
• Using experts and getting advice when your financial skills are lacking.

Key takeaways:

 

1. Find a passion and use it to specialize.
2. Be persistent, positive, and never give up.
3. Find a way to get your business going while working on the side.
4. Assess risks versus rewards when making decisions.
5. Learn business skills.

 

Connect with Jocelyn Molyneux:

 

• Wastenot Farms
• Soil Booster
• Wastenot Farms on Facebook
• Wastenot Farms on Twitter
• Wastenot Farms on LinkedIn
• Wastenot Farms on Instagram
• Jocelyn Molyneux on LinkedIn

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