A beauty brand turnaround strategy? Who needs it? Your beauty brand will likely need a turnaround strategy during its lifecycle. SALES DECLINE CHART 1-When Growth Stalls Sales growth is not an accident and needs deliberate fueling. An in-depth study of 500 major US global companies showed that, during their lifecycle, 87% experienced a stall in …
Let’s define a “successful beauty founder” first before I speak about the nine traits, and later, do read the 8 mistakes that beauty founders make: -Someone whose brand is “Talk of the Town” with a cult following(brand) and over mid 7-8 figures in revenue at the least, above average profitability and has intentionally kept the …
Before I get to Elf Cosmetics’ phenomenally successful turnaround strategy, which has delivered a higher speed of growth compared to pre-decline years, here’s a bit of where ELF COSMETICS is and where it was before the turnaround. In April ’24, e.l.f. Beauty investors faced a significant downturn due to worries sparked by Ulta Beauty’s unfavourable …
The most critical decision determining the probability and extent of your venture’s success is the problem you are solving for the end consumer. 2 Mistakes with choosing a problem 1. No competition? And what’s your insight? -No competition implies that the consumer doesn’t want a solution, is unaware of the problem, or is not a …
Youthforia, I know you’ll do the right thing! The issue has more to do with purpose than strategy. Before I lay out my recommendations for Youthforia on managing the inclusivity crisis for a win-win outcome for all, I want to preface with an open letter to Fiona Chan, the founder of Youthforia. Let’s all pick each …
Before we get to the seven problems with your beauty brand’s referral program, I want to offer you a few quotes, -From the one and only, “Ask and you shall receive.” & then, -“There’s a better way to ask,” used by Typeform But don’t worry too much about good manners, as in -“You forgot to …
