Today in Global Small Business: Changing How We See The World

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What's affecting me, my clients, my colleagues and other global small business owners:

• Changing how we see the world in all its beauty and bizarreness.
• Kylie Jenner:  from successful global beauty empire to soon to be fashion empire.
• Globalization is a funny thing, and McDonald’s today is a many-tentacled entity that morphs to fit the politics of the moment and the regions that franchises operate in.
• Quote of the week:  “Give me a lever long enough and a fulcrum on which to place it, and I shall move the world." – Archimedes
• Birkenstock has gotta get the growth after its IPO so China it is.
• Tory Burch has redefined American preppy with a global point of view, so it makes sense that her eponymous brand is now focused on expanding its global footprint.

Billion Dollar Global Baby

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This week Forbes named 21-year-old  Kylie Jenner -- makeup mogul, a reality TV star and mom --  the world’s youngest self-made billionaire in history.  In 2012, she invested $250,000 in launching her $29 Lip Kit (a matching lipstick and lip-liner combo) on the cosmetics market and since then has achieved stratospheric global growth.

Fueled in part by an Ulta expansion, Kylie Cosmetics’ revenue climbed 9% last year (2018) to an estimated $360 million. With that kind of growth, and even using a conservative multiple from the booming makeup industry, Forbes estimates Jenner’s company is worth at least $900 million.

Here's what Kylie had to say about it:

“I didn’t expect anything. I did not foresee the future.  But [the recognition] feels really good. That’s a nice pat on the back.”

She's a billion dollar global baby.  Learn more here.