As it stands, it is currently at over $155 million. Statista estimates that by 2025, it will grow into a market size of more than $189 billion.
The global skincare market is growing in and of itself every year. The latter is the case for skincare company Lulu’s Holistics. At the same time, others tend to expand year in and year out naturally. However, not all businesses can successfully grow despite their years of operation.
This signals a case of greater demand and the potential for more significant revenue. It also showed that no idea is too small if it is executed carefully and correctly.Business expansion is one of the ultimate goals of any entrepreneur who is starting out.
#LULU HOLISTICS PROFESSIONAL#
Lulu's Holistics' approach to business proves that family bonds can reach greater heights even in the professional sphere and can be the very thing needed to keep the firm alive.
Janet and Deannee treat all of their staff as part of a family, promoting passion and loyalty in their line of work. The bond born out of love and respect transcended into their entrepreneurial lives, which meant that they afforded the same values to their employees and customers. This dynamic relationship allowed their humble business to flourish for four years and counting. Meanwhile, Deannee Santiago operates the warehouses and ensures that they can keep up with their orders both in the United States and abroad. Janet Frederick is the brains behind the entire skincare collection, including product improvement, and controls the stores. No matter how big the company gets, they have clear roles and stick to them. The success of their business lies in the way the duo handles their operations. Janet and Deannee proved to be an unstoppable force and opened two more brick and mortar stores in the US, both in New York City. Eight months later, the mother and daughter tandem opened their first shop in Florida to cater to the high volume of orders.įrom a mom-and-daughter shop, Lulu's Holistics took flight and quickly grew to become one of the leading natural skincare brands in America. The overnight idea turned into a business success when Santiago posted her mother's skincare products on Instagram, which gained 500 orders on the very first day. While Janet worked her magic, her daughter Deannee recognized the potential of her mother's concoctions as a solid product line. Janet made everything from soaps, hair care products, and body butters, all the way to yoni scrubs and serums. As a vegan, Janet wanted her skincare products to be as safe, and as cruelty-free as her diet, so she mixed her own self-use products. Janet wanted to create an alternative to all the available topical skincare products available in the market back then. Lulu's Holistics started in the kitchen of Janet 'Lulu' Frederick, Deannee Santiago's mother. But the real question is: Is it a good idea to start a business with your mother?įor Deannee Santiago from Lulu's Holistics, partnering up with her beloved mother was one of the best decisions she has ever made in her life. Research shows that about 85% of startups are started using family money, and family businesses tend to outperform the rest of the pack by a little over 6%. Starting a family business is a challenge in and of itself, but it's not impossible.
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