Peter Thomas Roth is CEO, founder and formulator of his eponymously named 25-year old brand of the world-renowned line of skincare products that regularly breaks sales records on QVC, and at Sephora and ULTA.
Entrepreneurial Role Models:
When business started difficulties overcame:
“money, inventory… At the beginning when we didn’t have my lab begging people to get product because you are at the end of the line because you won’t want five hundred or a thousand units, you don’t need 10,000 or 100,000. Just give me like 500 and they are like get to the end of the line. Financing was always hard but manageable, negotiating the deals so you got your money from the store so that you could pay your bills. Those were probably most of the issues”…[Listen for More]
Favourite Books:
None
Favourite Quote:
“I told you so” Not
Recommended Online Resources:
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Best Advice to Other Entrepreneurs:
“you have just really got to have a passion for it, you have got to really live it. You also have to be able to do it, want to do it at 11 o’clock at night and still have a passion for it at three in the morning and Sunday. And not just five o’clock on Friday I am done until Monday if you want to be an entrepreneur and not just a pay check. You just have to live it 24/7 and you have to know when you want to risk and when you need to stop”…[Listen for More]
More About Peter Thomas Roth:
Neil’s Quote at the Beginning:
“The most important thing is being passionate about what you’re doing and always give it your all. That is the key to success.” Charlie White
Other Quotes From the Chat with Peter Thomas Roth:
- “I think it’s really important in the culture to have all age ranges. Because the younger and the middle-aged come up with totally different relevant things but the older have the experience that others just don’t have. I think it’s a good balance. And if you have a good balance your products are much more successful”
- “you have to know when you have to stop. There is a point where you have got to know to stop”
- “you know when to stop and when you know to continue and not lose your house then I think it’s good”
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