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They created a $1.5m start-up in lockdown. The budget worries them

Cat Bloxsom’s and Morgan Collins’ lockdown side hustle, a knitwear business called Cardigang, has been so successful that sales have already hit $1.5 million and the two have quit their corporate jobs.

But the two best friends worry about mounting cost of living pressures as their beginner-friendly knit kits sell for between $65 and $310, and they want government policy that boosts consumer confidence.

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Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

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    Original URL: https://www.afr.com/politics/federal/people-have-tightened-their-purse-strings-entrepreneurs-wary-20221024-p5bs9i