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Using Grit and Innovation to Grow a Multi-Million Dollar Business | EP 267: Mei Xu, Chesapeake Bay Candle Co.

Using Grit and Innovation to Grow a Multi-Million Dollar Business | EP 267: Mei Xu, Chesapeake Bay Candle Co.

FromCan I Laugh On Your Shoulder?


Using Grit and Innovation to Grow a Multi-Million Dollar Business | EP 267: Mei Xu, Chesapeake Bay Candle Co.

FromCan I Laugh On Your Shoulder?

ratings:
Length:
57 minutes
Released:
Oct 13, 2021
Format:
Podcast episode

Description

She is the author of Burn, which details her story of ingenuity, determination, and luck. Spanning three decades, from 1991 when she arrived at Washington’s Dulles Airport, to today, Mei’s story is one of stunning success. She built a multi-million-dollar company, met and counseled thousands of entrepreneurs and business people, and even advised the President of the United States Barack Obama on the topic of job creation. Mei successfully negotiated the sale of Chesapeake Bay Candle to Newell Brands in 2017, a conglomerate with a $14 billion portfolio of consumer goods. She is now focused on helping women-owned consumer product companies grow and prosper with the Yes She May product platform. 4:40 – Mei 101 Mei grew up in China and was one of two daughters. Her parents told them they could do anything boys could do. At age 12, she enrolled in a foreign language middle school, and that was a big turning point for her. It allowed her a chance to find out what it would be like to be a diplomat. 11:50 – Making candles Mei’s dad found out she was making candles and was very confused. He said, “What does a candle do?” If you’re afraid to start something new, Mei says, “You have to roll up your sleeves and find whatever it takes to get started.” 21:50 – Billion-dollar industry Candles are a billion-dollar industry. They speak to her audience and are popular, especially around Christmas. People didn’t burn her candles in the beginning because they were too decorative and pretty. So, she realized she wanted people to burn them so they would buy more. 27:22 – Do it better We need to ask ourselves how to do things better and get more women involved in the supply chain and manufacturing.  36:13 – Yes She May Mei wants to connect consumers with brands that are owned by women They searched around the world for designers and brands in beauty, fashion and wellness. 41:52 – Women-owned businesses Mei says very few women-owned businesses make more than $250,000 a year. That can make it hard to get your products in Target, Macys or other large stores. 44:51 – Burn book Her book is about preservation and the immigrant story. You can never abandon where you came from. Your story could inspire other people. 50:14 – Get to know you Who would play Mei in a movie? Reese Witherspoon Hidden or unusual talents? She has great comedic timing and instinct Best vacation? Sardinia boat trip FEATURED QUOTES The pandemic also made me realize that we are really all connected. It sounds dazzling just to think, as a student, as a diplomat, how does she end up making candles? My dad was very confused. You have to roll up your sleeves and find whatever it takes to get started. CONNECT WITH MEI: https://www.meixu.com/ https://yesshemay.com/ ABOUT MEI XU: Mei Xu, a Chinese American entrepreneur, is the founder and CEO of two global companies, Yes She May and Chesapeake Bay Candle® and author of Burn which details her journey from China to starting and growing a multi-million-dollar business in the U.S. In June 2020, Mei created the e-commerce platform, Yes She May (www.YesSheMay.com) to help women-owned brands reach a larger audience and scale. Her team aims to provide consumers a curated collection of thoughtful, high quality products made by talented women vendors from around the world. THANK YOU TO OUR PARTNERS:  Ready to ditch the bleach forever but can't find a bleach alternative that actually works? You've got to meet this Extra Strength Oxygen Powder by MamaSuds. It launches July 15th and I've had the chance to try it out early and I love it so much! It really tackles the dirt and odor in our clothes. And as usual there are multiple uses for this new product. Not only is it a laundry booster and stain remover, but it's a great scouring agent on any non-porous surface. If you head to their website and sign up for their email list you'll get an email with an early bird special coupon when oxygen powder launches PLUS use discount code MOLLY and g
Released:
Oct 13, 2021
Format:
Podcast episode

Titles in the series (100)

Business with Purpose takes you “behind the scenes” with some of the world’s most generous entrepreneurs with host Molly Stillman of "still being molly blog - stillbeingmolly.com." From the CEOs of mission-driven brands, to directors of small, community non-profits, and everything in between, Molly is sitting down with men and women who believe in changing the world through not only their personal lives, but also their professional careers. We believe that every person was created with a purpose, for a purpose and this podcast gives inspiration for how we can all make an impact by supporting businesses with purpose.