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When Your Gut Speaks, Listen

By: Moira Forbes

 

This is part of a series, “The One Thing,” which asks today’s most successful leaders to identify the single most important lesson they’ve learned on a given topic.

Launching a business inevitably presents hurdles that even the most seasoned entrepreneur can’t anticipate. Equally challenging is figuring out when and how to scale that business while facing a daily grind that’s often anything but routine.

The women featured here have built thriving, multi-million dollar businesses while successfully navigating the hurdles that are an inevitable part of the entrepreneurial journey.

What’s “The One Thing” you didn’t see coming when launching your business?

Nobody Reaches The Top By Themselves

“The biggest challenge I faced was building my team. When you’re working so much, your team members become your family. Most of us spend more time with the people we work with than with our own families, so we should nurture those working relationships and make them as strong as possible. It took me a while to figure out who I could and couldn’t trust and who I should keep closer to my side.

Build out a solid team that can make your vision come to life and at the end of the day, just have fun.”

-Michelle Phan, Founder, Ipsy

28-year-old Michelle Phan parlayed a makeup tutorial on YouTube (that generated 40,000 views in just one week) into the booming beauty business, Ipsy.  That business is now valued at over $500 million.

Find Your Inner Superhero

“Growing up in the matriarchal culture of the Philippines and with parents who split everything 50/50 at home and at work, gender bias was not front and center in my experience growing up.  It wasn’t until I attended a women’s college and then entered the workforce here that I realized a gender gap even existed.

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