WOMEN AT LIBERTY

Women helping women live better lives.

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Motivational Moments

Leadership Tuesdays -- Developing Women Leaders

Becoming An Entrepreneur and Growing A Business:

Lisa Price, President and Founder of Carol's Daughter

February 7, 2012

Lisa Price is the Founder and President of Carol's Daughter, a privately held beauty products company headquartered in New York City.  Annual revenues have been reported to be between $35 - 50 million.  The business grew out of her experimentation with natural skin care products in her home.  At her mother's urging, she decided to sell her products at a flea market in 1993 and that began Lisa’s entrepreneurial path with this business.  The company, as you might have guessed, is named after her mother.  Sales have grown from $5,000-6,000 from her home in the early years to selling the products in Sephora and J.C. Penny's stores to now nine free-standing stores in New York, New Jersey, California, Georgia, Maryland and Virginia. Her products are also available in Macy's.

 

One of the major turning points in her business was when she appeared on the Oprah Winfrey Show in 2002. Sales shot up to over $2 million. In the company’s brief history, she had learned that in order to keep her business growing, she would have to change the way she did things. She moved the business from her home into its own location so that she could look more like a business, instead of a hobby, as she sought financing from banks.  Lisa also brought in experts from the beauty products industry and finally she gave up part of the ownership in her company for a $10 million dollar investment by a celebrity team that included Jay-Z and Will and Jada Smith. 


In the INC. video below she talks about how she has navigated the transitions from a small home-based business to a multi-million dollar enterprise.  

 


  

"This Is Not The Day We're Going To Die"

Vashti M. McKenzie, Bishop & Presiding Prelate, 13th District - African Methodist Episcopal Church
February 21, 2012

Vashti Murphy McKenzie was elected as the first female bishop in the African Methodist Episcopal Church in 2000.  In 2005, Bishop McKenzie again made history by becoming the first female president of the Council of Bishops of the A.M.E. Church. Currently, she serves as the presiding prelate of the A.M.E. Church's 13th Episcopal District which inclues the states of Tennessee and Kentucky. Prior to this appointment, Bishop McKenzie was the chief pastor of the 18th Episcopal District in Southeast Africa (Lesotho, Swaziland, Botswana and Mozambique) from 2000-2004. While in South Africa, Bishop McKenzie accomplished the following:

  • Started computer labs in two AME high schools
  • Created seven entrepreneurial business projects
  • Supported 37 new church starts
  • Facilitated two USA-African teacher workshops and summits; 
  • Completed nine buildings, built eight new mission houses, and twelve new church buildings.
  • Provided scholarships for over 30 students; expanded services to 75 children orphaned or affected by the HIV/Aids pandemic in a day program in Botswana. In Mbabane, Swaziland, the Selulah Sandlah AME Village was built that included three large group homes for 36 orphaned children plus house parents. The Village was built without government grants or support.

As a local pastor for ten years at the historic Payne Memorial A.M.E. Church in Baltimore, Maryland , she:

  • Grew the congregation from 330 to over 1700 members
  • Increased the church property value from $1.6 to 5.6 million
  • Launched 25 new ministries
  • Organized a $1 million faith-based non-profit organization
  • Secured a $1.5 million welfare-to-work contract from the State of Maryland. Payne Memorial was the only congregation to bid and win the contract.

Bishop McKenzie is widely respected both inside and outside of her church organization for her leadership and preaching ability.  She is the National Chaplain of Delta Sigma Theta, Inc. a public service sorority founded by her grandmother and 21 other women at Howard University in 1913. She is also an author of three books and a former broadcast media executive and journalist.  Bishop McKenzie is a graduate of the University of Maryland at College Park; she also holds a Master of Divinity degree from Howard University, and a Doctor of Ministry degree from United Thelogical Seminary.  She and her husband, Stan McKenzie, who also serves in leadership in the A.M.E. Church, are the proud parents of three children. 

Bishop McKenzie delivers a positive message daily to thousands via her website, (http://thisisyourwakeupcallonline.com)

 

In the video below, Bishop McKenzie talks about the difference in managing change within an organization during times of crisis and calm.