VIDEO: What does it take to scale the family business?

Ryan Margolin shares his journey as the CEO of Professional Hair Labs, a prominent name in the cosmetic bonding industry. Ryan's upbringing in a family of entrepreneurs inspired him to pursue personal and professional growth, leading him to relaunch his father's business.

Growing up with business-owning parents helped influence Ryan’s pursuit of personal and professional development that continued after relaunching his father’s business and shaped the strategies he would use to expand it. Ryan discusses the process that led him to alter the trajectory of the business and the lessons collectively learned along the way by its family of stakeholders. Ryan also talks about how following his fundamental core principles informed his approach to leadership and why that is still so important to him.

-Failing is as much a part of the entrepreneurial experience as succeeding. Often moving forward means examining failures from different perspectives, and empathy is the key to understanding those diverse points of view.

-Ego can act as a barrier to greater growth as an entrepreneur. Realising you need help to achieve your goals, especially as those goals shift upward, is an important step to taking your business to the next level.

-For many people, the business journey is reflected in direct relation and proportion to the effort they’re willing to put into figuring it out. The difference between finding the right direction and staying lost is sometimes simply a failure of commitment.

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