A Quote by Michelle Phan
All of the development I do is with the help of business advisors who are more like my best friends than just business people. They helped me as I created Ipsy back in 2011, which is a beauty community that ships out sampling bags to subscribers.
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The more I do this creative work teaching the "Personal Creativity in Business" course at Stanford the more I realize that business is about people in groups being creative in their own way. If business creativity does not allow individual development, then it isn't sustainable. But if business creativity means people bringing out their best and developing that, then amazing things can happen - not only for the business but also more importantly for the individual and the surrounding community.
Every day is different. I am constantly creating, whether that be for my own YouTube channel and social networks or my businesses like FAWN (For all Women's Network) - a women's lifestyle network on YouTube that I founded/produce; em michelle phan (my cosmetics line with L'Oreal); or Ipsy (a beauty sampling service I co-founded in 2011).
I am personally interested in more than just business schools. However, life has been good to me, and it's been good to me through a business career. I think the chance to help strengthen the foundation of young people going into business, as I did, just appeals to me.
Business is just like sports: if you're the best in the group that you run in, you're never going to get any better. It's the same thing in business. I surround myself with people who are smarter than me and have more experience than me, and I have gotten a lot of great advice.
Business fits me best. The only reason I went into modeling originally was to help out my family, because I knew that money gave you freedom. I tried acting and all of the arts, I even put out a record album, but what I like the most is business, which is where I am now.
There is no business like show business, Irving Berlin once proclaimed, and thirty years ago he may have been right, but not anymore. Nowadays almost every business is like show business, including politics, which has become more like show business than show business is.
It is imperative to exercise over big business a control and supervision which is unnecessary as regards small business. All business must be conducted under the law, and all business men, big or little, must act justly. But a wicked big interest is necessarily more dangerous to the community than a wicked little interest. 'Big business' in the past has been responsible for much of the special privilege which must be unsparingly cut out of our national life.
I'm grateful that L'Oreal believed in me and helped me bring my dream of creating a beauty brand to life. I'm excited to be working with Ipsy to bring Em home to my community, the original inspiration for the brand.
What has helped me the most to navigate the business side of the modeling world was having open conversations with colleagues. When I first started out, I asked other models about compensation and started learning more about the business and uncovering the truth. Having these open dialogues helped me understand more about the business side.
Look at the Quakers - they were excellent business people that never lied, never stole; they cared for their employees and the community which gave them the wealth. They never took more money out than they put back in.
This is not charity. This is business: business with a social objective, which is to help people get out of poverty.
Full financial citizenship means more than just a savings account and a way to transfer money and pay bills. It also requires access to credit along with the ability to accept payments and run a business, send money to family or transact business across borders, contribute to the community and help others in need, and invest for the future.
I assumed a business like a film studio would behave like a business and still want to protect its own interests, still do the best it could to get as many people paying for as many of their movies as possible. I realized this is not actually a business about business: it's a business of egos and dominance.
When you're writing something, and you're putting yourself out there, or you're performing and someone comes in and savages that, then of course it feels personal. It doesn't feel like it's just business, because there's no business - it's not like we're conducting business, this anonymous critic and I. It's just that this person is tearing me a new asshole.
The best of the best understand that people do business with people they like. People do business with people they trust, and people do business with those who make them feel special.
I believe the best way to help our small businesses is not only through small-business loans, which we have increased since I've been the president of the United States, but to unbundle government contracts so people have a chance to be able to bid and receive a contract to help get their business going.
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