89. How I Went From Working In My Living Room To Selling My Business For $1.2 Billion with Jamie Kern Lima

the bossbabe podcast

Natalie Ellis

Entrepreneurship, Education, Marketing, Self-improvement, Business

4.9 • 2.6K Ratings

🗓️ 13 April 2020

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We’re joined by Jamie Kern Lima, American entrepreneur, philanthropist, co-founder and CEO of IT Cosmetics. Jamie has been named as one of the 2019 Forbes’ Richest Self-Made Women, 100 Most Intriguing Entrepreneurs and WWD’s 50 Most Powerful Women in Beauty. Get lost in inspiration as Jamie shares her incredible story of how she grew IT Cosmetics into a top-selling makeup and skincare brand, which she later sold to L’Oréal for $1.2 billion (in cash) making it their largest US acquisition to date and cementing Jamie’s legacy as the first female CEO in L’Oréal’s 100+ year history. We’re giving you the real behind-the-scenes of what it looks like to go all-in on your dreams and having faith in your vision, even when the world keeps telling you no. Tune in as Jamie lifts the lid on how you can start your product-based business, including actionable tips for finding the right manufacturers and business partners that will save you money and years in developing your business. Follow Jamie Kern Lima on Instagram: @jamiekernlima Get two free months of Skillshare premium membership and receive access to unlimited to over 1000+ classes: www.skillshare.com/bossbabe

Transcript

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0:00.0	For me the biggest thing was that your gut is better than anyone else's advice. If you allow yourself to get distracted by what your competition's doing or anyone else
0:20.1	and you risk diluting your own secret sauce, your own why, your own authenticity, you're done.
0:29.0	Welcome to the Boss Bay Podcast, a place where we share with you the real behind the scenes of building successful businesses, achieving peak performance and learning how to balance it all.
0:38.0	I'm Natalie Ellis, CEO of Boss Bape and your host for this week's episode and today I'm also joined by Daniel
0:44.0	Kante my business partner and co-founder of Boss Babe. This week we're
0:47.6	interviewing our dear friend Jamie Kern Lima. Daniel and I got to know
0:51.2	Jamie during a trip to Puerto Rico earlier this year and the three of us immediately clicked.
0:55.6	Jamie is the co-founder of It Cosmetics, a brand that I am completely obsessed with and I've been using for years and she has such an incredibly inspiring story so prepare to get lost in
1:05.9	inspiration in 2016 Jamie saw to L'Oreal for 1.2 billion in cash and we're
1:12.2	going to dive into the full story behind the scenes of how
1:14.9	she really made that happen. What we love most about Jamie's story is how she was able to
1:19.7	take one of her own biggest pain points and that of millions of women around the world and use it to create
1:24.9	multi-million dollar beauty brand that actually empowered women.
1:28.7	Jamie's path though wasn't always smooth and she definitely hit some obstacles along the way. After having numerous
1:34.7	doors closed on her from people that really didn't believe in what she was doing,
1:38.3	Persistence finally paid off when she struck the deal of a lifetime. Believing in her why and working hard led her to become the first female CEO in L'Oreal's history.
1:47.4	Now I don't want to give too much away, but I just know you're going to love Jamie's story and
1:51.7	you'll definitely have some amazing
1:53.2	takeaways after listen to this episode so as always take a screenshot and
1:57.4	share your biggest takeaways and learnings on Inst stories tagging me at I am Natalie
2:02.0	tag at Danielle Kante and then also you can tag
2:04.6	Jamiet at Jamie Kern Lima so with that let's just get started. A boss
	...

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