S02 Business Development EP 17: Triumphs and Trials of Scaling a Business with Ryan Margolin CEO of Professional Hair Labs

Follow The Brand Podcast with Host Grant McGaugh

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In a hair-raising chat with Ryan Margolin, the dynamic CEO of Professional Hair Lab, we unwrap the story of a family that turned a personal crisis into a business opportunity. Born out of concern for his mother's exposure to harmful chemicals, this company is now a beacon of safety in the hair products industry. Hear the inside scoop from Ryan himself on how the business skyrocketed, tripling its revenue in just a year and a half, all thanks to his leadership formula - a clear mission, a keen eye on margins, and a team that shares your dream.
As Ryan talks us through the journey of morphing Professional Hair Lab from a modest venture to an eight-figure behemoth, you'll be intrigued. He emphasizes the crucial role of personal development, systems, and leadership in scaling a business. Listen to Ryan's take on the importance of company culture and operating procedures while he candidly shares the sacrifices required to ascend the ladder of business success. We delve into the nitty-gritty of strategic decision-making - when to bootstrap and accept bank money, providing food for thought for any entrepreneur looking to scale.
Rounding off our conversation, Ryan offers his unique perspectives on market trends and strategies in the hair industry. According to him, keeping a pulse on what the market wants, staying innovative, and offering simplistic solutions is the name of the game. He underlines the power of effective communication channels in gaining traction and ensuring customer satisfaction. Filled with wisdom and insights from a true industry leader, this episode is a must-listen for anyone looking to navigate the turbulent waters of the business world successfully. Tune in and be inspired by Ryan's remarkable journey.

Thanks for tuning in to this episode of Follow The Brand! We hope you enjoyed learning about the latest marketing trends and strategies in Personal Branding, Business and Career Development, Financial Empowerment, Technology Innovation, and Executive Presence. To keep up with the latest insights and updates from us, be sure to follow us at 5starbdm.com. See you next time on Follow The Brand!

Chapters

1. Building a Successful Hair Product Business (00:00:00)

2. Challenges and Growth in Business (00:12:38)

3. Scaling Businesses and Market Trends (00:19:25)

4. Hair Industry and Market Strategy (00:27:54)