From kitchen-table vision to high-profile acquisition

INC. THIS MORNING From kitchen-table vision to high-profile acquisition Good morning, When you feel overwhelmed, it's easy to focus on the past: What went wrong? How did that happen to me? Lisa Price, founder of multimillion-dollar beauty products brand Carol's Daughter, has a suggestion. "Focusing on what's wrong doesn't help you get to what's right," Price said on Friday, during an exclusive Inc. Your Next Move virtual event. The better move is to figure out your next step.  Price has weathered countless ups and downs since launching Carol's Daughter from her home kitchen in 1993, from opening her first storefront in 1999 to selling her company to cosmetics giant L'Oreal in 2014 for an undisclosed amount. The acquisition came roughly a month after Carol's Daughter's retail arm emerged from Chapter 11 bankruptcy. Carol's Daughter is particularly well known for helping popularize beauty, hair, and bath products made for people of color. Price's 2003 appearance on The Oprah Winfrey Show particularly helped launch Carol's Daughter to household-name status, and helped Price, who is Black, land her products in more than 2,000 U.S. stores by the time of the acquisition. Today, she remains under contract at L'Oreal and deeply involved in her brand's operations. Check out the highlights of the hourlong conversation to learn Price’s battle-tested strategies for launching a new business, scaling it, and guiding it through an acquisition. Inc.’s Best Workplaces. Apply today! Inc .’s Best Workplaces awards the company cultures that thrive in the face of adversity. Cultures that in response to a pandemic redefine the workplace and continue to enrich it. Cultures that foster employee growth and advancement at all levels. Apply today to be recognized as a place where people love to work, one that sets the standard for excellence in company culture. Deadline to apply: February 5, 2021. Apply Now. HERE'S WHAT ELSE I'M READING TODAY: Op-ed: General Stanley McChrystal has a few crucial tips to help you to lead resilient teams through uncertainty. --Inc. Use these three key factors to effectively navigate the post-pandemic economy. --Inc. Electric cars are coming, and fast. The nation’s grid may not be up to the task. --The New York Times Retail pharmacies like CVS, Walgreens, Walmart and Kroger say they're ready to take on the task of vaccinating much of the American public. --The Wall Street Journal Related: With vaccinations taking place across the country, here’s how to talk to your team about returning to the office. --Inc. ONE MORE THING: These six strategies can help you keep employees motivated and productive throughout 2021. --Inc. --Cameron Albert-Deitch Reporter, Inc. How are we doing? Send me ideas and feedback at calbertdeitch@inc.com, and sign up for daily text messages from me. Become an Inc. Unlimited subscriber. Click here to forward to a friend. This email was sent by: Mansueto Ventures 7 World Trade Center, 29th Floor New York, NY, 10007, Unsubscribe • Update Profile • View in Browser • Privacy Policy