This podcast episode explores the challenges, decision-making process, and key considerations in product development and launching a successful skincare brand. The speakers discuss the importance of finding the right formulation base and packaging, negotiating minimum order quantities, perfecting the product, strategic planning, leveraging e-commerce for cash flow, branding and design, decision-making skills, understanding the competitive landscape, focusing on cash flow, owning formulations, pitching to large retailers, scaling without going broke, cashflow forecasting, and effective communication. They also share their admiration for entrepreneurs such as Estee Lauder and Bernard Arnault and discuss their upcoming launch in North America.
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