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Secrets Of Success: Roxanne Quimby
Quimby, co-founder of Burt’s Bees, sold 80% of the company to private equity firm AEA Investors for an estimated $175 million.
In recent years she has launched a couple of new ventures, including an organic cotton clothing company for children, happygreenbee.com, and Seaside Partners, a real estate development firm.
Her secret to success: “After immigrating to the U.S. from Siberia in 1950, my grandmother, Baba, made a living running a hot dog stand on Boston’s Revere Beach. I spent my childhood summers with Baba, and she let me believe I was ‘working’ as I helped her count the day’s proceeds and record the weather and sales in her daily journal.
[Because I was] surrounded by hot dogs, ice cream, candy, and bubble gum, my grandmother often had to admonish me in her thick Russian accent, ‘Don’t eat the profits, my devochka [little girl]!’”
Photo by BusinessWeek.
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Dana Keith on May 12th, 2008 11:23 pm
That’s exactly the main secret to success if you’re running a business..
Don’t spend too much as what you earned.
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