{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

dont take it personally

dont take it personally - MemotoSelf: ,,,wasconductedand Q....

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
August 21, 2010 Memo to Self: Don’t Take It Personally This interview with  Lisa Price,  founder and president of Carol’s Daughter, a beauty products company, was conducted and  condensed by   Adam Bryant Q.  Talk about some of your early leadership lessons.   A.  In the beginning, I did everything. And then, as I started to add people to help me, a lot of them were family  members or friends who were like family. So there wasn’t really a need to have a specific management style, per se.  But when the business changed and started to grow, we had to bring in people with more experience. For the past four  or five years, I’ve been watching people who have that experience come in and bring their knowledge to us. In the  beginning, you feel like they know everything. And then you find out they really don’t, and common sense makes more  sense than what they’re saying sometimes.  So I sit at the table, but not necessarily at the head of the table. I feel like I’m the person in the room who’s  maintaining everything. The players change, but the story stays the same. The way the company was founded stays the  same. What I believe in stays the same.  So I need to be at the table to make sure that integrity stays, but I don’t need to sit at the head of the table and drive  the conversation, because I may not necessarily drive it to the place that makes it profitable and makes it relevant. So  I’m going to listen, but I know that I can interject if they go off track.  Q.  You brought in a C.E.O., Richard Dantas, in January. What was behind that decision? 
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
A.  The C.E.O. role was kind of a responsibility that I shared with Steve Stoute, my business partner. We learned our  skills are really best suited elsewhere. The day-to-day operations, supply chain, finance — they really weren’t the most  effective use of our brain power and our energy.  Q.  Was that a hard decision?   A.  No, it wasn’t. About 20 years ago, I read a book called “Your Money or Your Life,” and it helped you equate your  time into dollars and the dollars that you spend. If you’re juggling a lot of things, and you’re trying to decide whether  or not you should pay someone to help you do something, then you figure out what you’re actually worth per hour and  what you’d pay someone. That lesson always stayed with me.  I did something as long as it made sense for me to do it. And then, once it made sense to turn it over to someone else  — either because it could get done better, or because I could spend my time making more money elsewhere — I did it. 
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern