Let's Get Real.
Adam Goldenberg has built a reputation as one of the top CEOs in Los Angeles over the last 15 years or so. He started out as a wunderkind and now has developed into one of the most respected business leaders in the city. Goldenberg has had multiple successes over the last decade or so each leading into his most current successful venture, JustFab. How has he built this success and ability to run a business successfully? He says it’s through to main methods. Those two practices are paying using metrics that are given to him regarding his company. The second thing is having a great staff thanks to his great hiring practices.
His current company, JustFab, raised over $50 million in funding in 2014 alone. This is a great feat for a business that was just founded in 2010 on entrepreneur.wiki. The company is a VIP clothing and fashion retailer that is membership based. People can gain membership to the company and gain access to fashions and styles that they may not have had access to in the past at a better price.
This company is just Goldenberg’s latest success story. He first made waves in the LA business community through his gaming network, Gamer’s Alliance. Gamer’s Alliance was one of the first companies of its type. It was ahead of its time. Goldenberg ran the company until it was purchased in 1999. His next popular venture was an internet brand incubator called Intelligent Beauty. He founded that company in 2006 and ran it until he founded JustFab in 2010.
Goldenberg is not a prideful man. He will abandon a product or a marketing idea if the metrics imply that it is not effective. Goldenberg has proven that he will do this time and time again over the course of his career as a business executive.
If a product that he sells is not moving, he will take it off of the shelves. This may seem like an easy decision. It can be hard for many executives to admit they were wrong about something and move on from it, though. See: http://www.racked.com/2016/2/15/10995348/fabletics-stores-kate-hudson.
He is also great at hiring. He focuses on hiring people that are passionate about what they are doing. He is known to ignore someone’s resume and focus more on how energetic and excited they are about working for his company. He thinks that many of the things that can be taught through experience can be learned on the job while you can’t teach energy or attention to detail.