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HerMoney with Jean Chatzky

Ep 429: The Messy Truth Behind Building A Multi-Million Dollar Business

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 26 June 2024

⏱️ 47 minutes

🧾️ Download transcript

Summary

When we talk about the question of whether women can have it “all,” successful careers, thriving marriages, and families, the messy truth is often, no, at least not all at the same time. Alli Webb, founder of Drybar found that out the hard way when her business blew up seemingly overnight. She shares what fame, attention, and obsession with building a brand cost her and how she found herself again in the wake of the fallout. In Mailbag, a listener asks if using roadside assistance too many times in a year can cause an increase in her car insurance. Another listener has a question about whether or not she should stay in her marital home post-divorce or sell it and build up her savings for retirement. Chapters: 0:00: Introduction 03:13 Drybar: From Mobile Business to Brick-and-Mortar 08:14 The Rapid Growth of Drybar and the Cost of Success 21:55 Success and How It Impacted Alli’s Relationships 27:19 Deciding to Let Go of Drybar 31:26 Finding Validation from Within 31:32: Transition to Mailbag 34:58: Listener Question: Auto Insurance and Roadside Assistance 37:29: Listener Question: Mortgage vs. Savings Post-Divorce Takeaways: Figuring out your greatest passions can lead to a successful business idea. Scaling a business quickly can be both exciting and overwhelming. Finding balance between work and personal life is crucial for happiness and well-being, especially as an entrepreneur. Excellent customer service and creating a welcoming environment are key to building a loyal customer base. Success in business can sometimes lead to problems in personal relationships, and it's important to recognize and address these issues. Learning to look inward and understand oneself is crucial for personal growth. Having a community of like-minded entrepreneurs can provide support, guidance, and solutions to common challenges. Going through difficult times can lead to self-discovery and personal growth, ultimately leading to a happier and more fulfilling life. Join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. 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.

0:06.0

Her money is proudly sponsored by Edelman Financial Engines.

0:09.0

When we look ahead to retirement, one big question, big is are you doing everything you can to maximize

0:17.4

your Social Security benefits and save for the future?

0:21.2

It's time to make sure your plan is rock solid.

0:24.4

Visit plan EFE.com slash Her Money to learn more about specific ways to do just that

0:30.3

with a complimentary wealth checkup.

0:38.0

Hey everyone, I'm Jean Chatsky. Thanks so much for joining me today on Her Money

0:40.0

where we talk about how personal finance and money touches everything in our lives.

0:46.6

I don't think it's a secret that I'm a little obsessed with my hair.

0:51.5

I'll just say it.

0:52.1

I was born with really great hair, thanks. with my

0:55.0

mother cut it.

0:58.0

mother cut it all off, she gave me a pixie

1:01.0

because it was too my mother cut it all off.

1:00.0

She gave me a pixie because it was just too much for her to deal with.

1:03.0

But for the rest of my life, I've had shoulder-length hair or longer,

1:07.6

generally with bangs, sometimes no bangs, but mostly bangs.

1:10.6

And as obsessed as I am with my hair you should know that I am a fan of a

1:16.7

terrific blowout I'd rather have a great blowout than I would have a massage in

1:21.1

part because when you have a great blowout you leave with hair that is good to go for five or six days

1:28.6

when you have a massage you leave with hair that's full of oil and has to be dealt with immediately.

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