Some might have thought that Adam Goldenberg got lucky with his first successful company. Other’s might have even thought that to be true after his second success. Now that his third venture, JustFab, has proven to be hit people have to know that CEO might himself might have something to do with it. The CEO has built a wealth of knowledge from his past success and failures. Goldenberg applies this knowledge to how he runs JustFab every day. He says the two tantamount reasons behind his latest successful venture are his ability to process and use metrics and his ability to hire the right people.
Goldenberg uses metric information better than just about any CEO. This is especially true with his clothing company, JustFAb. JustFab is a VIP membership clothing and fashion company. Customers with the service pay a membership fee and receive steep discounts on different fashion and clothing items for sale through the website.
Goldenberg has no fear when it comes to taking a product off of the shelf that doesn’t seem to be selling well. This may seem like an easy feat. This couldn’t be further from the truth. Many CEOs have a problem putting their ego aside to use information for what it’s worth. This may cause them to stick with different marketing platforms and products and Bloomberg much longer than they want or need to. The ability to recognize these trends and react to them will give a company a huge boost when it comes to increasing revenue and diminishing losses. These are both things that investors love. This is probably why JustFab raised over $50 million in funding in 2014 alone.
The young CEO also recognizes that a company’s employees are its greatest asset. There is no point in having a great product if the team around it is not passionate about it. This is why passion is one of the main traits that Goldenberg looks for in a potential hire. He does not put as much weight in educational background and work experience as some other CEOs at http://video.cnbc.com/gallery/?video=3000543492.
He thinks that experience is something that can easily be gained by doing the job. He wants to hire individuals that are excited to work for JustFab on wikipedia.org. These people are much more likely to work hard for the company. It also means that they are more likely to have a great idea that could help develop the future for JustFab.