With an influx of private equity seeking investment opportunities in our booming industry, one current hot topic among aesthetic providers is “how do I prepare my business become attractive to a buyer”?

Most of the time our clients start their businesses with no thought of their end game. They are following their passion, living out their mission, making a transformative impact on their patients.

In this week’s Fierce Factor podcast episode I would like to introduce what we at KLC refer to as a “champagne exit” through a powerful case study of Jamie Kern Lima- entrepreneur, philanthropist, keynote speaker and co-founder of IT Cosmetics, a company she started in her living room and sold to L’Oréal for $1.2 billion.

In this episode, I’ll share with you a series of lessons she shares during an interview on the Entreleadership podcast that set the stage for her to:

a. Fill an untapped need in the market b. Build a meaningful business c. Enroll a team deeply committed to the vision d. Sell her company for a billion bucks

She talks about the rejection she faced as she started IT Cosmetics and how she used that rejection as motivation to succeed, stating “rejection is protection”!

As a founder you are in the driver seat when it comes to the journey of growing and selling (or not) your business. And this process really starts now with getting clear on your goals.

Enjoy this case study of the inner workings of a billion dollar brand. You’re next!

X0, Kaeli

The EntreLeadership Podcast - How to Use Rejection to Fuel Success with Jamie Kern Lima

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