Starface Founder Julie Schott Shares Advice for Aspiring Entrepreneurs
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The acne scar treatment brand Starface may be a popular skincare product for Generation Z, but when founder Julie Schott tried to start the company, she didn't know where to start with the financials. She trusted her instincts and advised other aspiring entrepreneurs to do the same.
Schott, who became an entrepreneur after working as a beauty editor for many years, opened up on Marie Claire's "Nice Talk" podcast about how she learned to accept that it is "okay" to have blind spots when starting a business and to seek help.
"I knew I didn't know how to finance a company, and I knew that wasn't how I or my brain worked," Schott recalls.
He founded Julie, a brand of emergency contraceptives; Futurewise, a skin care line; and Blip, a nicotine gum and stick.
The entrepreneur says he "found a partner" in co-founder Brian Bodinick. 'We've worked together on everything. I trust him and don't have to check in, because he trusts me as well," she added.
Ultimately, Schott explains, understanding your strengths and knowing where to step back as a CEO can help your business. 'Yes, I'm aware and I'm in the room. But I'm not building a financial model. 'I think it's important to recognize that. If I had insisted on it, it would not have been beneficial to the business."
[12Schott also recalled in "Nice Talk" that he never expected Starface to become a favorite of Generation Z. "I never expected it to become a favorite of Generation Z. I never expected it to become a favorite of Generation Z. I never expected it to become a favorite of Generation Z.
"I don't think [the reputation] was anything like we thought, 'Oh, this is going to happen.' We don't really know. Customers tell us how it affects them, and they show us through how they talk about it online or how they talk about it offline. But it really makes sense."
Schott, who has suffered from adult acne for years and has spoken openly about it, says that the best thing about working with Starface was being able to help others and see how helpful the products are for them He says, "The challenges that young people are going to face in the future," he says. There are so many other challenges that young people will face in the future. So if we can improve some of these (challenges) that are easy to solve, I think that will be one of the best parts (of running Starface)."
Schott opens up more about her experience leaving fashion media to start her own business, her steps into the CEO role, and what it was like to jump into the emergency contraceptive space in this week's "Nice Talk." This episode is available to podcast listeners everywhere.
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