Lucy Henry-Hicks Made $90 Million In the Fashion Business Last Year (ft Dissh founder)

24 Nov 2025 · 40 min

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Female Founder World Podcast Notes

Episode Summary Title: Lucy Henry-Hicks Made $90 Million In the Fashion Business Last Year (ft Dissh founder) Host: Jasmine Garnsworthy Guest: Lucy Henry-Hicks, Founder, CEO, and Creative Director of Dissh Episode Focus: Lucy discusses her journey in transforming Dissh from a family-run business into a successful global fashion brand, sharing insights on decision-making, international expansion, and the challenges of balancing motherhood with entrepreneurship.

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Key Themes and Discussions

Introduction to Dissh

  • Brand Overview:

Dissh is an Australian fashion brand known for its neutral color palette and effortless style, with 15 boutiques in Australia and a recently opened store in the US.

Business Milestones

  • Revenue Growth:
  • Achieved over $150 million in revenue last year.
  • $90 million partial acquisition reported.
  • Expansion Efforts:
  • Launch into the UK market with a partnership with Selfridges.
  • Plans for further expansion into the EU and UAE.

Lucy's Journey

  • Starting Point:

Joined Dissh in 2006, initially as a buyer, and gradually took on more significant roles leading to her position as CEO.

  • Transition to Vertical Brand:

Shift from a multi-brand retailer to a direct-to-consumer (DTC) model around 2019-2020, emphasizing design and creative control.

Decision-Making Framework

  • Navigating Change:

Lucy highlights the importance of aligning personal values with business direction. She emphasizes the need to listen to inner feelings and be prepared to make significant changes when necessary.

  • Risk and Uncertainty:

Discusses her experiences with risk-taking and how personal development and coaching helped her navigate uncertainty.

International Expansion Strategies

  • Entering the US Market:
  • Emphasis on understanding local consumer behavior.
  • Importance of local market insights and cultural differences.

Balancing Business and Family

  • Motherhood:

Lucy shares her journey as a new mom while managing a growing business, emphasizing the need for support and the importance of finding balance.

  • Advice for Aspiring Mothers:
  • Build a strong support system.
  • Consider having children after establishing a solid foundation in business.

Marketing and Brand Strategy

  • Marketing Focus:

Heavy reliance on social media marketing, with a significant portion of the budget directed towards Instagram and influencer collaborations.

  • Understanding Customer Behavior:

Discusses the importance of psychometrics and data analysis to tailor marketing strategies effectively.

Company Culture and Hiring

  • Culture First Hiring:

Lucy emphasizes hiring for cultural fit over skills and shares examples of how she's promoted individuals from within the organization based on alignment with company values.

Personal Development and Leadership

  • Continuous Growth:

Lucy stresses the importance of ongoing personal development through coaching and mentorship.

  • Separation of Personal and Business Brand:

She believes that the success of Dissh should not solely rely on her personal brand, allowing the business to thrive independently.

Resources and Recommendations

  • Mindfulness Practice:

Lucy suggests meditation as a crucial practice for maintaining focus and clarity.

  • Recommended Tools:

Engaging with digital marketing agencies that understand the local market for effective branding and marketing strategies.

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Conclusion Lucy Henry-Hicks's journey with Dissh highlights the importance of aligning personal values with business goals, the challenges of scaling an international brand, and the delicate balance between entrepreneurship and motherhood. Her insights offer valuable lessons for aspiring founders and established entrepreneurs alike.

Additional Resources

  • Cash Camp:

A financial skills workshop series for women in business. [Cash Camp Registration](https://www.femalefounderworld.com/cash-camp)

  • Dissh:

[Dissh Official Website](https://dissh.com/)

  • Marketing Agency:

Lucy recommends [Insightly Media](https://www.insightlymedia.com/) for paid advertising services.

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Note: This summary synthesizes the insights and discussions from the podcast episode for easy reference and implementation into personal business practices.

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Transcript

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0:00Hey, business besties. Welcome back to Female Founder World. It's Jasmine. I'm the host of the show. And today I'm chatting with Lucy Henry-Hicks, the founder, CEO and creative director of Dish. Welcome. Thank you. I've been wanting to talk to you for a long time. I think we have been trying to do this. We've been in the DMs trying to organise this for such a long time. And it's so funny that we've landed in LA at the same time and doing it here rather than in Australia. But here we are. For people that don't know Dish, I don't think there's anyone listening that doesn't know Dish, honestly. But what are you guys doing?

0:29What are we doing at Dish? We are a vertical, Australian vertical brand. We love our neutrals. We love our effortless style. Apparel clothing is what we do best. And we have 14 boutiques in Australia and we just opened our first one in the US. Amazing. Yeah. I want to run over a couple of milestones that the business has hit that is public that we can share. You hit $150 million in revenue last year. Yeah. But there's 14 Australian boutiques that you mentioned, and now one in LA, over 250 permanent staff, 450 including casuals, which is wild. What other milestones can you share about this business that you've built?

1:04We recently, this year we launched a partnership with Selfridges in the UK. So we've just sort of started moving into the UK market. There's a natural organic flow into the EU, as well as the UAE, which is starting to sort of build for us too. One of the greatest milestones that we're able to sort of get excited about is that we've been able to take this Australian brand to the global consumer and she's telling us that she likes it. So we're excited about that. It is such an amazing story. I've got this timeline here of when you joined the business and through to what's happened over the last kind of just under 10 years since you've been part of Dish.

1:37And I want to start in the early days and then we're going to get into the tactical stuff about like what's been growing this brand and like your experience of growing this brand as a founder as well. But you joined in 2006. Tell me the story behind that? Yeah, I joined in 2006. So I finished school, basically went to uni for a couple of years. I come from a family of retailers. And so my mum had actually opened the first dish store already when I was in high school. So I had sort of been in and around the business from day dot. And then when I went to uni and enrolled myself in, I think it was economics at the time, thinking that maybe I wanted a career outside of fashion, I think it didn't take me long to realized that it was in my blood and that's what I wanted to do too.

2:17So yeah, it wasn't long before I joined in the retail business with mum and then yeah, we've grown it together from there. Wow. And you started as a buyer and then kind of like worked your way into bigger roles. When did you kind of take over as the like CEO, director? When did that happen? That happened probably pretty early on. There was a big shift in that at the time, we were a multi-brand retailer which were leading with stores so this is like back in the early days this was before dot com and it was about 2011 2012 when really there was a big shift away from stores into online and we launched our dot com then so that shift in the industry and I guess strategically and tactically what it meant to lead a retail business changed and that's when I started to lead the business because we went from I guess marketing ourselves with storefronts to needing to understand Facebook and Instagram ads and really how to how to run an e-commerce business which is different to a storefront.

3:19As someone who like I'm a dish customer I've been a dish customer for ages as someone who's like been following the brand something that surprised me when I was looking at the timeline it was like really only 2019 2020 that you moved from this multi-brand retailer model into the dish that we know today. Can you talk me through that decision and what happened? Yeah, there was a period of, I guess, slow trade from a business perspective, but then also a great co-founder relationship story of a breakdown. I think after working together for a really long time, you know, in the family business with mum, it was time for me to do my own thing and that had been coming for a while.

3:56So we got to the point where change had happened And that was sparked by me saying, hey, I'm going to go do my own thing. And through my time, I had seen retail from a lot of different angles. I'd seen multi-brand retailing. We'd launched a vertical brand or in-house brand within that retail mix during that time. So I'd learned how to design and design from scratch. And so I was at the point of my career where it was really about kind of stepping back and saying, okay, what part of this am I in love with? What do I really want to do for the next 10 years of my career? And for me, that question was quite easy to answer at that time.

4:35It was, I love design. I love taking something from inception into reality. I love having that creative control. And so for me, I really wanted to start a vertical brand that emulated and reflected my personal style and my values. So that conversation was, I've got to go. but that was also replied with well my time here is done too that was that was mum's reply at the time so then we were in a position of okay well what do we do with this. Wow I want to understand practically like how you do this like it feels like there must have been a lot of unraveling of what the business looks like and then clarifying about what the future of the business was going to look like as you made this switch I just want to understand what that looks like.

5:19Yeah I think the the unravelling is a the process of stepping back and going what's working here but what's not working here I think the industry at the time was going through another big shift and that was around really the idea of multi-brand retailing as we knew it was was on the decline like and we've seen that across the world department stores are struggling or multi-brand retailers are struggling with margins because it's very difficult that model obviously to be profitable and we were a symptom of all of that or we're experiencing that. So I think the industry was shifting and then on the other side of things I think vertical brands for the first time with the internet have the opportunity to go global.

6:02So their scalability but also their ability to become DTC retailers themselves was new and available. So once where brands needed to rely on retailers to meet consumers now they didn't. So there was a stepping back and I guess looking at the retail landscape as a whole and going, where is this heading? But then also how does this align with what I'm feeling personally and what I really want to invest my time and energy into? Because I think that's probably also where I was at personally. I really needed to be in love with whatever it was that I was going to put the next 10 years into. And that was also a learning.

6:40Retail's not for the faint-hearted. It is not complicated, but it is incredibly demanding and you've got to love, love love what you do the reason why I like wanted to ask that question is because I think there are going to be a lot of people who are listening who are in this position of okay maybe my business is kind of working but maybe I see a bigger opportunity over here or something that feels more aligned over here and I want to make the switch to get there and so I'm always curious when I talk to people who made that really hard decision and it worked out for them and how you how you like make those tough decisions in the business and then execute on them So that's just like the background of like why I want to dig in here.

7:17Yeah, I think it's a really, I think, great like a topic to discuss because where I was personally is leading up until that point, there probably had been maybe three or four years of I feel like change needs to be made. This isn't aligning with me anymore. This doesn't feel good, but I'm going to keep going because this is the path that we're on. And so what I've also learned about myself is I can only be out of alignment for a certain amount of time before that my own inner consciousness will push me in the direction that I need to go. So I got to that breaking point of like, hey, like this isn't working.

7:57I don't want to be doing this anymore. This doesn't feel good. And that was a real catalyst for like big change needs to be made. And there was a lot of risk at the time and there's a lot of unknowns and a lot of uncertainty, which I'm so grateful that I was doing business coaching and personal development at the time because I think it helped me really kind of get comfortable with the leap into the unknown. And I had those sort of tools in my toolkit, how to like manage my mind through that. But I absolutely felt uncertain and unsure. But I also knew that, well, I can't keep doing what I'm doing and my heart needs to be in it.

8:33So I have to take the risk. Then in 2021, you launched into the US, taking an Australian brand and then launching in the US. I think that some brands kind of think that the US is like Australia, but just bigger and it's just really not. And so I'm curious about how you made that a success because it clearly is a success. You've got a story in LA. I lived here for 10 years and saw people wearing Dish all the time. And I feel like it's just an amazing Australian international success story now. What did you do to make that launch work? Yeah, I believe at the heart of it, it's understanding the customer right and I mean that's that applies for all regions always and that can be challenging for Australian-based businesses and brands because we are so far away from everything.

9:13We are so far away. We are so far away we're so far away so I had the good fortune of having traveled here to the US to the LA specifically a lot through my early years in fashion on buying trips and through various roles at different times and then in 2018 I made the decision to actually come and move here for a little while so I was here for maybe like six to 12 months and again just like understanding the customer and the nuances about the market and how it was similar but also how it was different that's been key and I've applied that same I guess understanding to our launch in the UK and that's that sort of served us well so understanding the customer is really important and how you I guess get closer to her through travel or any other opportunities you have I feel like that's like the most important thing you can do.

10:03How is the customer different between Australia the US and the UK? Very similar and different. Yeah I think there is a likeness about consumers globally in more recent times because of things like Instagram and these global platforms where we're all being influenced by each other which is great in some ways because I think like trend and trend and what feels good creatively I think is very global now because influences I mean you'd be the same like we probably follow girls from the UK or the US or Australia that all we're inspired by but I think there's absolutely some tactical and strategic nuances about how consumers behave how they shop what their drivers are some of that's driven by climate well a large part of that's driven by climate but then I think just like cultural norms also like influence that and I think that's what you've really got to kind of get under the hood of when you're entering into a new market and really understand because that should influence your strategy.

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12:27Mercury is a fintech company, not a bank. For important details, check the show notes. In 2022, and I'm going to go through your timeline a little bit here so we can get like the full picture of how this business has just grown and how you have grown. And then there's some stuff I want to dive into like more specifically, but 2022, you became a mom. And now that I'm like so visibly pregnant and we had like our big female founder world summit recently and the amount of people that came up to me and asked me about uh building a family while building a business and advice and I was kind of like I don't really have any advice I do you just need like a lot of help and I've got nothing to give you because I'm just in it figuring it out but you have two kids now you've built this incredible company you're living across uh the US and Australia and I am curious but your perspective on doing both of these things at once and the advice you have for the woman who's listening who is nervous about starting a family because she wants to build her business.

13:25Well, it's a big, it's a really big one. And if I'm completely honest, I think my feelings about this change daily. Like I have days where I feel so empowered and so capable and then I have days where I'm like, this is just way too much. Yeah. And... But there's more empowered days than there are too much days. And I think the advice I would give my younger self before having a family was, would be, I think. It's a hard one. Build as much as you can before family. Like, I really honestly think if you can have those like hyper-focused years before you enter motherhood, it is really helpful. But on the same, you know, in the same moment, you will figure it out and you can do it.

14:13like you do need a lot of help and a lot of support and finding your voice to ask that help and being really comfortable with that help I think is also like really important don't think that you're going to do it all by yourself like that I think is is really important advice because I remember when I was in that position and I would look to these other founders that I was inspired by and you're not seeing the behind the scenes right you're just seeing the front and it's like how is actually adding up like how how is she making all of that fit in and I think the reality is and the truth is there is there's a lot going on behind the scenes to support her on the family front and on the business front to make it possible so true and it's messy yeah so true the other thing that I say I was just literally the guest that came in before you talking to her about this and I just said you also just need to make sure that you're having like before you have kids have kids with somebody who actually wants to be a parent yeah and wants to like step into that role so that it's not defaulting to you for everything because that just won't work or you need to have that good support system whether it's paid whether it's family like people that you can trust to step in and look after because you can't be there all the time and you need the flexibility of daycare is just not enough on its own right and I mean I like to just to talk to our our situation my husband had a business that he started in his 20s which he built from the ground up and we got to a point where after the birth of our first child we had to make a decision and it was my business or his business because we couldn't raise children and have two businesses so it was he actually exited his business to be able to support our family more but also to come and work in my business yeah so I guess the complexity of that but in a cup in a relationship is is big too and these are the big these are the big decisions I guess that are going on behind the scenes to like make it all happen I also think that him coming to the business into Dish as well it's kind of like at least you're all like pulling in the same direction rather than having these two like competing things which I think can be really tough totally and we've like that has been absolutely our experience like even just to understand each other's pressures and like when the pressure is on because he's in the business now with me he knows like if I've got a big week because he understands what's happening in the business at that time so it's all of that I guess like unsaid communication that's going on between us now because we're we're really like on the same page and that's been really like helpful to I guess just yeah navigate and make sure that things are smooth running smoothly at home and and in the business.

16:48I want to talk about uh launching into the UK and launching into Selfridges and what you guys did to support that. We we Selfridges reached out to us around if we were interested in taking on a pad in a pop-up capacity so that was really around like testing like proof of concept like is there a market here for dish we had had some early signs the year before the summer before so that would have been 24 that we were getting some interest from on our own website so I think we all felt like yes there was interest from the UK customer so we said that would be a great opportunity obviously Selfridges is an incredible department store, arguably one of the best or if not the best in the world.

17:31So we jumped on that and then we sort of built out our marketing strategy around that. So, okay, we're going to launch wholesale for the first time in Selfridges. We actually currently didn't have a wholesale business at all. So we're learning how to wholesale, but also do that in the UK, which is on the other side of the world. So yeah, then we built out the marketing around that. So what was our influencer strategy going to be? What was our paid media strategy going to be? And or anything else that we needed to support the retail operation of that pad in Selfridges. So that was the launch plan.

18:05And then the idea really has been around just like allowing this to be a great learning opportunity. So we're just learning, learning, learning. Fortunately, it's been a really big success and we're staying in Selfridges and that's now a long-term partnership. But we also gave ourselves a bit of the permission slip to sort of say, like, let's just see. And if we don't get it right first time then that's okay too. I'm really curious about why you went down the route of opening up all of these boutiques and stores rather than going into retailers. Margins, big one, huge right like DTC you can't compare with wholesale and that's why DTC will always be like our primary channel especially ecom.com versus stores so that's hugely integral to our business model and I guess the control like the creative control of the brand but also the product life cycle too as soon as you start to partner with wholesalers the bigger that partner is and the more the larger percentage that is of your revenue stream then they start to dictate the terms to you around lead times and markdown and consolidation strategy and then that's an that's sometimes a messy place to get into because you start making decisions maybe that suit retailers more than what's in the best interest of the brand and your business so that's good that's really important to us that we we don't lose that control something that I think you've just done so well and I think it speaks to or like it ties into this conversation about the stores I walk into a dish store and I it just it feels like it feels like dish I see a piece of clothing it looks like dish like if I see piece of content online like you have such a strong brand and I want to know like what your process is of creating and then externalizing that vision of what the brand is and then just like protecting it as you grow because I think as as a business gets bigger and like you've got 250 something permanent staff and it can get diluted I think a lot of the time and but you haven't it actually gotten stronger appreciate and so I want to know how do you do that because I've got a tiny business and I struggle with that in my little team of making sure that anything that is published or that is created is reflective of what the brand vision is within me.

20:24Yes, I appreciate that. I probably feel like we've made some compromises along the way and that's the perfectionist within me. But it is probably one of the greatest challenges because you can't be everywhere. I think what has been most important to us through the growth, through our growth journey and what I am committed to holding true to is that the creative vision is more important than anything and that we're not going to lose sight of that in favor of trade and targets and so that's also an easy place to get into right like you're chasing growth for growth sake or because there's a number that you've agreed at a board level that needs to be met but in order to do that we've got to make some creative compromises along the way so often I guess staying true to the creative path can maybe be like slower and more resource heavy but my view is like that's the long game I think if you want to take the express way like you can absolutely do that but sometimes that doesn't always work out in the long long time yeah last year was a pretty big year you brought in investment for the first time I think was that the first time yeah tell me the story of how that happened and why now is the time to do that for dish yeah so yeah I confirmed so I well I sold 40 % of my business to a Australian based investment retail group called BBRC so that's headed by Brett Blundy who is an Australian retail magnate he's been doing it for a really long time and what drove me to that decision was we had early success in the US and that was building and building quickly and I understood that for us to take this brand globally we were going to need partners who had walked that path before us so while he while this investment firm Australian well they started in Australia they're actually global so they have experience with global business, US, UK, Europe.

22:28So I wanted to partner with people who could share those lessons with us rather than us making those expensive lessons ourselves. And then also, I guess on a personal level, I was starting my family and growing my family. So I, we as female founders need a lot of support. And so up until that point, I have been driving pretty much every part of the business creatively and strategically and certainly on the international expansion side of things it was my understanding of international markets that was allowing us or helping us to get this cut through so I understood that for the business to keep moving forward while I was taking some mat leave or taking a little bit more of a step back we really needed to support the executive team within the business with you know people have been doing it much longer than I have to share that wisdom and to help guide.

23:20So that's been the experience so far and I'm so grateful for that. And I think the investment, I read the AFR story about it, it was like a$40 million investment, right? $90 million. I'm looking at my notes and I'm like, is that a four or a nine? Once that is signed, sealed, delivered, the press goes out, does your day-to-day change? Are you able to take more of a step back and bring in more support like did that actually eventuate and how do you feel about the decision now that you're kind of like a year later yeah for me personally it did change because and I'll talk candidly about I guess like how I feel differently and I think that is really what the key driver for me was I my family's livelihood was in the business um I even though I was supporting our lifestyle and our my business was supporting the future of our lifestyle and not lifestyle in a what's the word grand grand I know you mean yeah you're supporting your family yeah and so for me I there was always every time we took a big risk and we were about to take a really big risk so we wanted to be US we wanted to open stores internationally like these are big financial risks I wanted to feel like I had myself my own back and that we were secure as a family and that we could then take some bigger leaps of faith knowing that yeah that financially we would be fine and so I think for me personally that has made a big difference I think that we are now in a position where we can sort of separate our personal wealth from the business's success and that's a great place to be in.

25:06I want to talk about the way that you've been building the business and the kind of like CEO you are. You are not like I'm not following your daily vlogs on TikTok and I'm not like getting your LinkedIn post like you're not a forward-facing founder and so many are now. First of all why and what is your point of view on building in public? A couple of things. I think for me at the moment, my focus is growing the brand and the brand is Dish, the brand isn't Lucy. And it's really important for me that those two things are separate, especially if you are looking to bring in partners into a business.

25:47It's really important that your personal brand and the brand that you're building are separate entities, because it's important to me that Dish will live on well into the future with or without me. I'm not great I'm not creating a brand that is only me I'm creating a business that I want to see here in 10 years in 20 years and 30 years no matter what I'm doing so that was really important to me and for that reason I've separated my personal brand from the dish brand I put all of my creative energy and vision into building that dish brand so that dish brand is a reflection of me and my values and my creative style so then I guess it leaves Instagram a personal platform to me and for me like it's just focus I'm like I'm raising two kids I'm running a business I don't need or feel driven to post on Instagram personally when I think now it really is a business platform like that's his primary objective totally yeah I do I find it like uh actually like quite refreshing to hear someone say that because there is a lot of pressure I think to show up and like you said it's like and I do think there is an opportunity there especially if you're like starting now you're scrappy you're bootstrapped you are someone who embodies your customer and so therefore you can embody like personify the brand on like for them but so I understand that as well but it's really refreshing to hear someone who's just kind of said no I'm not doing that I've got no like I'm not I'm not re-interrogating that every week like that's just not what I'm doing that's not the strategy there's no guilt around it and um just feel so confident in that decision as well and it's obviously worked out so well for the brand that it's nice to have that example yeah out in the world and everyone's circumstances are different and I get that and I think for me it's just like I'm super discerning with my time and really like really focused on like what's the objective here so like if I can't clearly say like investing two hours a day in social media is going to get me extra time if I'm not clear on what that is then it's like a no for right now but that doesn't mean it's a no forever it just depends on like what what my next my next career is or what I'm going to do next.

27:48And if that changes, then I'll be all in. I love that. Let's talk about marketing a little bit more. I want to know what is the engine that's driving Dish on the back end? From a marketing strategy perspective? Yeah. So we're still probably 80 % social ads or social. It's through Instagram and TikTok. Still, Instagram is the biggest platform for us compared with TikTok. I think that just relates to our consumer age. we are definitely more and millennial so social is a big part of our strategy and then influencer is probably second to that yeah also a huge part of our strategy and those two things working hand in hand has been sort of key to driving successful campaigns what advice do you have for someone who's trying to figure out ads right now it's getting more complicated absolutely I think it is getting more complicated we are what we're doing and I think it's paying off but we are getting into the psychometrics of consumer behavior and really trying to get under the hood of what's driving consumer purchasing behavior and who our customer is at a really granular level.

28:50I think that's helping us become more targeted, but also to be much more discerning with the type of content we're creating and the real why behind the content. Like what is the intention with this video and what is it here to say? I think that is really important because there isn't the same I guess probably scope of opportunity that they used to be it's becoming more expensive so you need to be like really clear with what you're doing and what you're putting money behind. Interesting on like a super practical level what does that mean are you doing like where are you getting those insights and like how are you channeling that into creative?

29:29Well there is tools now so we I need to remember actually the platform but our digital marketing agency actually has a bespoke tool and they're so they're actually capturing data audience data for us and we're grouping them into customer segments and then we're really going granular on those segments so like who is she where is she what is she wearing but look like brands but it's even more it's more granular than that now like you can get a lot of information on the customer herself so we're really looking at that then we're also matching that with what type of ads that customer is responding to and why so is it a creative is it a video that is shot in this particular format does it have a particular say audio behind it or a song they'll even there'll be differences in the tempo of the song that will influence whether that ad has a better thumb stop rate than something else so we're really getting into the granular on that which is good for us because we're really like thinking long and hard about like yeah what are we trying to do what mood or what feeling are we trying to invoke and is that aligned with our brand and our vision for our brand is that something that we want to put out there before we started chatting and before the mics came on you said that you're working with a U.S.

30:43agency and it talked about the decision around doing that I'm curious about why yes we did there's a ironically actually my brother owns a digital marketing agency in LA and he's been their partnership has been I think key to our success as well because they have been they were based in the US and that was from the get-go part of our entry strategy is to be working with the US-based agency at the time there was a lot of Australian brands that were utilizing their current agency structure which were usually Australian-based agencies to market into the US or market into other global, I feel that the best strategy is to work with an agency that's on the ground in the market that you want to be pushing into.

31:28So understanding the customer, again, the closer you can get to it and the more intimately you can understand her, then the more success you'll have. I want to now talk about hiring a little bit. So you've got this big team and I can just imagine from when you joined the business, I'm sure it was not 400 and something people that were working for you. How do you think about finding talent and what makes a good hire? We're very focused on culture. And what I mean by that is we will hire someone for a culture fit almost sometimes for more so than the skill set or the experience. And there's been many, many times where we've sort of trained someone into the role because we feel like they're the right person for the role.

32:09So that has been sort of key to our hiring philosophy from the get-go. Like I'll share a couple of examples, like our COO, who is actually now an acting CEO, she's supporting me while I've been having a step back. After having my son, she was the store manager at one of our stores like 10 years ago. So our head of people and culture, so she oversees those 450 people. She was also a store manager at one of our other stores in the early days, but culturally very aligned with the values and the vision and understood what we were trying to do. And I think I was able to train them up into those roles.

32:47So I think that is really important. Culture is really, I think, what, in my opinion, makes a business scalable and able to grow. how do you as a leader and a founder like up level I'm just like looking a journey over the last 10 years and like I'm sure the person that came into the business is not the person that I'm talking to right now you mentioned like you're working with coaches in the beginning what else are you doing to become this version of yourself yeah I did a lot of coaching in the early days which I loved and I still do like I need to hold myself accountable and I need to I think at the top you you need to keep pushing yourself because if if not it's easy not to right because you're the one pushing everyone else so who's pushing you so I think having people to hold you accountable is really key I have as my as I've grown my business has grown and that's something that I say all the time like I think that's sort of also fundamental to all business success like it's a personal and spiritual journey arguably it is a reflection of you so it will grow as deeply or and as quickly as you grow so you're almost mandated to keep growing like you have to keep growing if you want this baby of yours to keep growing the same way we want to be the best parents that we can be like we want to be the best partners that we can be we've got to learn those skills it's the same with business so I do that I'm still in coaching I take deciding to partner with a VC and it's not even VC really it is like a it's a business partner that was also around growth like because my partner he's 62 he has walked this path before me he's grown global businesses he lives on the other side of the world now and oversees I think 10 different boards and so for me it's like he's a huge expander and to be in close proximity to him and to just learn through observation and through conversation is also, was also really at the heart of that decision because I was sort of looking at myself going, well, how do I keep up leveling myself?

34:56So yeah, just finding those expanders wherever you can find them. Have you had kind of like formal mentors as you've been building the business or has it been less formal? Less formal, I think. Yeah. I think for me, I've been lucky enough to come from a family of retailers. So I guess I've always had that on call. Not that our business models are the same or that how we do things is the same, but there definitely has been line of communication like, hey, I'm thinking about this. What do you think about this? Or is this a shit idea? But no, so I haven't really seeked that formal mentoring necessarily, but I think it's a great idea if you can find the right person.

35:33The last thing I want to ask you, Lucy, is for a resource recommendation. Something, it could be a book, it can be a habit that you have, just something that's been helping you as you've been building the business and up-leveling and that other people who want to like follow the path that you follow should go and check out? This is like probably the opposite in some ways but I for me like meditating like number one like if I if I didn't do that I wouldn't be who I am today and I would not direct my energy with the same level of intention and focus that I do every day and I really believe that that's what grows the business.

36:09So my commitment to that, to taking that 10 minutes and just taking a step back and being able to come up on the balcony and like oversee, see clearly what's happening in the business, what's happening in my family and how I need to or how I can best show up for that day and doing that every single day I think is that approach of if you can be 1 % better every single day, it's the compounding effect of that ultimately. So it's every morning, 10 minutes before you start your day? Yeah. Well, and it was like before the kids, before kids, it was nice and structured, like I woke up and it was quiet.

36:45And now it's like, get them out the door. And sometimes it'll be 10 minutes at 10 o 'clock once everyone's out and in the most random of places. But it's, I have made, I have made the commitment to fit it in regardless of what's happening around me. I said that that was the last question but I have one more that I'm just curious about I'm always so interested in how different business owners structure their days and their time and I know it's a little bit different because you've got a little a little one now and you're spending some time there but what does your day look like are you going into an office are you at home like and how has that shifted over the last couple of years yeah a lot definitely before help me plan my day yeah before kids I was in the office all the time yeah like every day nine to five kind situation yeah and I loved it I think for what we do especially in my role it's very creative and that creative synergy happens or happens best in person so I would get a lot from being in that environment I would become inspired it would be my way of transferring my vision down to the team it would all happen in person then we had COVID and then I also became a mum and so I had to learn these new skills of like how do I lead if I can't be there all the time and how do I how do I communicate that vision again if I can't do that in person so that has been like a big learning for me like how can I be most influential and most effective when I'm not there all the time.

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38:07How tell me like honestly I'm fully remote it's tough. Yeah it is tough I've started sending like we I'll make a point of sending more emails with my thoughts on why something should be the way that it is I will take the time to I think do videos and voice notes like there'll be things like sometimes I'll be like oh like can I be bothered to have that conversation I'm like no like I need to be bothered to have that conversation because you would if you're sitting next to them at a desk 100 % yeah and it's so easy to just put it on a list and it's not but now I almost force myself sometimes if I see something it might be an ad that's not quite right or yeah something that we might not be aligned on I'm like no like you need to stop and communicate this now so I'll yeah voice notes are great and so now my day is probably two to three days in the office and then one to two days at home but every week's different like we're over here at the moment for six weeks so it'll be all remote for six weeks and I'm still learning it how to structure the full remote really well so that again it's like effective and efficient time.

39:17Lucy thank you so much for coming on Female Founder World I know you're a busy person and you mentioned expanders before and I think you are an expander for so many women in business and so it's like very very cool and very inspiring to hear your story. Thank you so much for having me. I just wanted to end the show with a quick shout out to all of our paid business besties subscribers. For$12.99 a month you get access to a weekly live call with mentors who we handpick from this podcast community. These are founders who have been on the show, experts and operators that are helping to build their businesses.

39:49And we want to give you access in a small group setting on live calls every single week so that you can get the mentorship and advice that you need to take your business to the next level. In addition to the live calls and the community, you also get access to a big database of workshop recordings, group coaching call recordings, templates, contact lists, and just all of the tools and resources that you need to make this business a success. head to bestie.femalfounderworld.com or the link in the show notes to sign up now

From the publisher

DISSH founder, CEO, and creative director Lucy Henry-Hicks is on Female Founder World with Jasmine Garnsworthy. Lucy transformed her family’s business to 15 boutiques across the world, over 450 full and part-time employees, over $150M in annual revenue, and a $90M partial acquisition. 

In this episode, Lucy shares the framework she uses to make difficult business decisions, how they’re launching their brand internationally, and how she has been levelling up as a founder and boss to over 450 employees. 

LINKS

Register for Cash Camp Presented by Mercury: https://www.femalefounderworld.com/cash-camp

Lucy's paid ad agency recommendation: https://www.insightlymedia.com/

Get the Female Founder World resource roundup https://femalefounderworld.beehiiv.com

Become a Business Bestie subscriber: bestie.femalefounderworld.com

Check out Lucy’s business: https://dissh.com/

Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group and Column N.A.; Members FDIC.


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