Ryan Margolin: Five Timeless Principles for Growing Yourself and Your Business
Ryan Margolin, the CEO of Professional Hair Labs, set out on a journey to help create the world’s leading product in cosmetic bonding when his mother was poisoned by the harmful chemicals in the hair adhesive products commonly used in the industry. Inspired to keep the same thing from happening to anybody else, his family dove into the research and created their first hair care product free of harmful substances. Now, nearly 20 years later, Ryan is an international business leader and an entrepreneur who works in more than 15 different countries.
There, he helps create sustainable services and products in industries full of subpar and even harmful options.
With the help of Ryan’s expertise in effectively taking concepts and formulating strategies for success in multiple different industries, as well as his flexibility, clarity, and dedication to putting people first, Professional Hair Labs has expanded its manufacturing tenfold, grown to become one of the 500 fastest-growing companies in the US over the last 5 years, and has sold more than $50 million in product globally.
In this episode, Dean Newlund and Ryan Margolin discuss:
- Setting aside ego
- Encouraging open communication
- The difference is in the mindset
- Controlling the fire
- If you truly want the business to succeed and grow, then egos must be set aside. People need to be able to drop the veil and look at themselves in the mirror to figure out how they could help the company best.
- Encourage people to speak their thoughts openly. Set up open lines of communication between the organization’s members and executives.
- Consider hiring a person with a good mindset. A person who may be less qualified than another but has a stronger and hungrier kind of mindset will be a better asset to your company than others. You don’t want to have that type of person slipping off your fingers.
- Fear is like fire. You can step back and just watch it burn everything down. Or you could control the fire and not be afraid of it.
“It really comes down to mindset. It’s the difference between are you just gonna stay in the same place or are you gonna truly achieve what you know you can and realize your full potential.” — Ryan Margolin
See Dean’s TedTalk “Why Business Needs Intuition” here: https://www.youtube.com/watch?v=EEq9IYvgV7I
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The Mission Statement E-Newsletter: https://www.mfileadership.com/blog/
Show notes by Podcastologist: Justine Talla
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