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HerMoney with Jean Chatzky

Ep 212: Kendra Scott On Entrepreneurship, Motherhood, And Giving Back

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 6 May 2020

⏱️ 45 minutes

🧾️ Download transcript

Summary

Kendra Scott’s classic jewelry designs sparkle, but not as much as her incredible philanthropic and educational efforts. She shares how she built her billion dollar business, her best advice to fellow entrepreneurs, hard truths about her first entrepreneurial failure, and how retail can continue to thrive. In Mailbag, planning for a baby after a job loss, asking an employer for work-from-home flexibility, and starting a business vs. building an emergency fund. Also, free credit reports and how to get yours. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an Airwave Media Podcast.

0:07.0

I wasn't having big trains.

0:09.0

I wasn't thinking I'm going to build a billion dollar brand and open stores all over. I was just thinking how could I contribute to our family unit, do what I love, be a good mom, and give back.

0:21.0

That was really it.

0:28.0

Her money is brought to you by Fidelity investments. Fidelity is committed to helping clients through any market conditions

0:32.0

with financial planning and advice when you need

0:34.7

it most. Learn more at fidelity.com. Her money comes to you through PRX. Hey everybody I'm

0:47.0

I'm Jean Chatsky.

0:48.0

Thank you so much for being here with us today on her money. I want to take just a sec and wish all the moms out

0:56.0

there listening including the dog moms the cat moms the plant moms and my mom a very very happy Mother's Day this weekend. I hope that you are all able to do something to celebrate yourselves even in light of these current restrictions because we all deserve it.

1:14.0

Our guest today, we are so excited about this, also happens to be a mom.

1:18.8

And when her son was just three months old,

1:20.9

she started her business in the spare bedroom of her house with

1:24.8

just five hundred dollars in cash that was back in 2002 in 2010 she opened her

1:31.8

first retail location and today her business has a billion dollar valuation,

1:37.0

108 locations and employs more than 2,000 people, 90% of whom are women.

1:46.5

Some of you may already know who I'm talking about.

1:49.5

If you could see me and my dangly beautiful earrings you would know that I am joined today by

1:55.9

jewelry industry Titan Kendra Scott her colorful designs may be on your earlopes or

2:02.4

your fingers as I speak and I gotta say Kendra it has been a long

2:08.3

time since we had the whole team as excited not everybody shows up for every show.

2:13.4

Ken Resigned on, we're recording through Zoom because we're all at home and

...

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