Tracy Holland is the co-founder of HATCHBEAUTY Brands, a top beauty and wellness incubator that has grown to over $100 million in sales. After leaving a career in public service, Tracy founded her first business in grad school where she went all in and invested every dollar she had to build something that would later be the foundation of her business today. HATCHBEAUTY works with top retailers, artists, and influencers to bring their ideas to life and create innovative brands in the beauty and wellness industry. Tracy is also the founder of HATCHBEAUTY Ventures where she advises young women entrepreneurs on business growth and strategy. As a mother of three young children, Tracy is a prime example of how you can balance motherhood with a career and that you don’t have to sacrifice one for the other.Tracy’s awards and honors include 2019 Fashion and Beauty Award for Beauty Service Provider of the Year, EY Entrepreneur of the Year 2017, and election to The Committee of 200, an organization of the most successful women business leaders globally.In this episode, we'll talk to Tracy about:* Tracy discusses her childhood growing up in an academic family and why her definition of success varied considerably from her parents’ [2:24]* Tracy reflects on what she learned from going to reform school at the age of 15 [5:40]* Tracy always thought she wasn’t smart enough but walks through how she eventually built her confidence which ultimately helped her considerably in business [9:44] * How Tracy started a successful scented nail polish company in grad school and invested her student loans to help with the financing [12:50]* Tracy shares how she got into big retailers despite having no experience in the industry [15:55]* Tracy explains why the brand failed, the importance of IP and understanding your deal structure when it comes to financing [18:46]* Tracy walks through how she overcame a dark time when her business failed and she was $150,000 in debt [23:00]* Tracy discusses key lessons she learned working in various businesses and why she ultimately quit her job to take control her own destiny [24:55]* Tracy opens up about her journey to motherhood & marriage [33:00]* Why Tracy’s definition of wealth has changed over the years [41:40]Follow HATCHBEAUTY Brands:* Instagram:https://www.instagram.com/hatchbeautybrands/* Website: https://www.hatchbeautybrands.com/Follow Yasmin:* Instagram: https://www.instagram.com/yasminknouri/* Stay updated & subscribe to our newsletter: https://www.behindherempire.com/ Hosted on Acast. See acast.com/privacy for more information.