Aishetu Dozie, founder of Bossy Cosmetics, explains the consumer research insight from Stanford that led her to launch her brand with lipsticks rather than other makeup categories.
0:00 / 0:24exact quote · 24.9s
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“One of the most important things I learned was that the average woman Wears something color on her lips on most occasions, but she is least loyal to the person who makes her lipstick. Like the average woman who wears makeup is very religious about the foundation she wears or the eyeliner or the mascara. Like she'll have one product that she's like, this is my one thing, but for lipsticks, she'll have 10.”
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More from Aishetu Dozie
Insight
Dozie: Founders must assess their financial privilege before forgoing a salary
“People need to establish what kind of privilege they enjoy to allow themselves to not have a salary because, you know, you don't pay yourself money when you're starting this business. Every cent goes back into the company.”
Aishetu DozieOct 8, 2020▶ 20:26How I Built Resilience: Aishetu Dozie of Bossy Cosmetics
Disclosure
Bossy Cosmetics rebranded after discovering 20 other companies used the name
“We are in the process of rebranding the company because it's impossible to get a trademark with the word bossy now in the United States because, you know, there are at least 20 companies that use the word bossy, and of course, being a former banker, I understa…”
Aishetu DozieOct 8, 2020▶ 13:44How I Built Resilience: Aishetu Dozie of Bossy Cosmetics
Disclosure
Dozie left investment banking after her doctor warned of a stroke
“When my doctor said, listen, you're going to have a stroke if you keep going this way, for me, it was a come to Jesus moment.”
Aishetu DozieOct 8, 2020▶ 3:09How I Built Resilience: Aishetu Dozie of Bossy Cosmetics
Disclosure
Dozie was hospitalized with a panic attack before quitting corporate finance
“I had a panic attack, I'll be honest with you, where I was in the hospital in Lagos, Nigeria, which is where I was living in my last role. And when I had decided, okay, I'm quitting, I'm not healthy, I'm certainly not mentally happy doing this job, but I don't…”
Aishetu DozieOct 8, 2020▶ 4:03How I Built Resilience: Aishetu Dozie of Bossy Cosmetics
AssertionNot checkable as stated
Bossy Cosmetics shifted its supply chain to Italy, China, and Germany
“When we first started the business, a hundred percent of our supply chain was in California. And then of course, as we started to grow and I decided, okay, look, this is actually going really well. I want to go into eyeliners, eyeshadows, all these, I want to …”
Aishetu DozieOct 8, 2020▶ 14:48How I Built Resilience: Aishetu Dozie of Bossy Cosmetics
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