UBR Morning Post: Carol’s Daughter Founder Lisa Price Shares Her Success Formula

This week on The Urban Business Roundtable, UBR Executive Producer TaQuoya Kennedy talks with Lisa Price, the founder and president of the African American beauty products company Carol’s Daughter. Price is one of the featured headliners of the 2011 Black Enterprise Entrepreneurs Conference in Atlanta in May.

Price shares how she started out making beauty products in her kitchen in Brooklyn as a hobby and went on the build one of America’s most successful ethnic and natural beauty brands, now found in major retail and cosmetics stores across the country. Along the way, Price has secured backing from some of the biggest and most influential names in the film and entertainment industry, including Translation LLC CEO Steve Stoute (0ne of the Black Enterprise Top Executives in Advertising & Marketing), Jay-Z, Mary J. Blige and Will Smith and Jada Pinkett-Smith. She also tells Kennedy how she used her integrity, authenticity, sweat equity and persistence to create her formula for success.

Speaking of success, contributor Renita Young speaks with Chicago Minority Supplier Development Council President and CEO Sheila Hill-Morgan, who shares what it takes for minority business to succeed and how organizations such as the Chicago MSDC can help take entrepreneurs to the next level. Hill-Morgan’s program is one of 37 councils across the nation dedicated to helping minority businesses to thrive in both size and numbers.

In addition, every week on UBR, you’ll get motivation and inspiration from author and entrepreneurial icon Farrah Gray, a weekly wrap-up of business news from USA Today business correspondent Charisse Jones, our Patient Investor Report from Ariel Investments and key economic intelligence for small business owners from our UBR economists Derrick Collins and Rasheed Carter.

And finally, in my “Alfred’s Notepad” segment, I explain why failing to focus on keeping customers happy can cost you your business, and what you can do to make sure that your entire organization is attuned and responsive to the needs of your customers. UBR listeners who’ve registered for the Black Enterprise Entrepreneurs Conference, scheduled for May 22-25, 2011 in Atlanta, will get even more information about what it takes to put your best foot forward as a business owner, in a way that leaves no doubt of your commitment to your customers. Don’t miss this gathering of bosses in Atlanta!

If you have a question you want answered or a topic you want addressed on The Urban Business Roundtable, connect with me at BE Insider, the social media network for people who are serious about Black Enterprise. You can also find me on Twitter and Facebook.

Alfred Edmond Jr. is the senior VP/editor-at-large of Black Enterprise and the host of the Urban Business Roundtable, a weekly radio show, sponsored by Ariel Investments, airing CST Wednesdays at 8:30 a.m., Thursdays at 6:30 p.m. and Saturdays at 9:30 a.m. on WVON-AM 1690, the Talk of Chicago. You can also listen live online at WVON.com. Check back each Wednesday for The UBR Morning Post, which features additional resources, advice and information from and about the topics, entrepreneurs and experts featured on the show.