Entrepreneurial Insights from Rizos Curls

The video discusses the challenges of running a business, emphasizing the importance of problem-solving, personal connections with customers, breaking traditional rules, and trusting one's intuition. The speaker shares their entrepreneurial journey, highlighting the influence of their Latino background and the success of their self-funded business, Rizos Curls. Key principles include getting personal with customers, embracing unique strategies, and making intuition a guiding force in business decisions.

What is a key skill necessary for running a business according to the introduction?

• Avoiding risks

• Following traditional methods

• Being a constant problem solver

• Having all the answers

What inspired the speaker's entrepreneurial spirit?

• Attending business school

• Reading business books

• Growing up in Latino neighborhoods

• Corporate job experience

What was the speaker's personal passion that led to the creation of Rizos Curls?

• Developing new products

• Embracing natural hair texture

• Creating viral marketing campaigns

• Expanding into new markets

Why is it important to get personal with customers?

• To reduce marketing costs

• To increase sales

• To build authentic relationships

• To compete with larger companies

How did the speaker launch her product in a unique way?

• By investing heavily in marketing

• By following traditional business wisdom

• By using a mariachi and TikToks

• By hiring a celebrity spokesperson

What does the speaker suggest about traditional business rules?

• They guarantee success

• They are outdated

• They should always be followed

• They are not applicable to small businesses

What is the speaker's third principle for doing business?

• Trust your intuition

• Expand globally

• Invest in marketing

• Follow industry trends

How does the speaker use her intuition in business?

• By following market trends

• By consulting with experts

• By making decisions based on gut feelings

• By ignoring data and facts

What does the speaker emphasize about knowing oneself in business?

• It's necessary to always agree with investors

• It's crucial to follow others

• It's important to know when to say no

• It's vital to change frequently

Why did the speaker turn down outside capital?

• To avoid financial risks

• To maintain community and cultural values

• To increase profit margins

• To expand the business faster