Monique Rodriguez, founder of hair care brand Mielle Organics, discusses managing cash flow and scaling direct-to-consumer sales in the company's early days.
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“We bootstrapped our company for so long until we got into retail. But as long as we were like, Online, selling direct to consumer, we were doing okay, but we just invested that right back into more product and marketing.”
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More from Monique Rodriguez
Disclosure
Rodriguez initially believed entrepreneurship was exclusively for white men
“You know, I think it's just a fact of, like, you know, you can't be what you don't see, and I'll be honest with you. Like, I thought that Being a business person or business owner, entrepreneur, whatever, like, I thought it was something for, like, white men. …”
Mielle Organics' profit margins were slashed in half upon entering retail
“Once we got into retail, our profit margins were like slashed in half, because remember, we went into retail with the still the high cost of goods, so, and all of the other fees that are attached with like retail, we ended up spending a lot in marketing and re…”
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