E48: The Income Generating Power of Extensions | Lacy Gadegaard-West, Founder, Laced Hair Extensions

In this episode, Lacy Gadegaard-West, Founder of Laced Hair, shares her inspiring entrepreneurial journey. Starting as a hairstylist at the Bellagio Hotel in Las Vegas at age 19, where she realized the demand for hair extensions and launched her own brand. Lacy gets real about overcoming challenges like funding, inventory management, and a health diagnosis that led her to start the Laced Hair Foundation. She emphasizes the importance of solving your own problems, embracing innovation, supporting stylists, and building a strong team.

Guest Bio and Links:

Lacy Gadegaard-West is the founder and CEO of Laced Hair, a leading brand in the hair extensions industry. Lacy started her career as a hairstylist at the Bellagio Hotel in Las Vegas and launched Laced Hair to meet the demand for high-quality hair extensions. Lacy is also the founder of the Laced Hair Foundation, a non-profit organization that provides free wigs and extensions to women experiencing hair loss due to medical conditions.

Listeners can learn more about Lacy and Laced Hair at https://lacedhaircare.com/ and https://lacedhairfoundation.org/ and on IG @lacygadegaard, @lacedhairextensions  

Resources:

Create a free student account and start learning from The Millionaire Hairstylist: www.MillionaireHairstylistPodcast.com

Show Notes: 

• [0:00] Introduction

• [1:00] Today’s guest is Founder of Laced Hair Extensions, Lacy Gadegaard-West 

• [1:15] Lacy gives a brief background  

• [3:00] Starting as a hairstylist at the Bellagio Hotel 

• [7:40] Question: How were you aware that extensions were a growing market demand that you could bring to the Bellagio?  

• [11:00] Economics of extensions   

• [18:00] Dealing with inventory costs of extensions  

• [24:00] Lacy's early marketing strategies 

• [25:30] Utilizing social media for brand growth 

• [32:30] Question: What are some of the things that you did in the beginning that you felt like you did well, that worked for you? 

• [36:00] Bullying in the hair industry 

• [45:30] Lacy's health challenges, and the inspiration behind starting the Laced Hair Foundation

• [57:30] Lacy's recent launch of a haircare line

• [1:00:25] “I'm a hair stylist by trade and a CEO by accident.” -Lacy Gadegaard-West

• [1:02:50] The Laced Hair Foundation

Connect with Us:

The Millionaire Hairstylist 

Cash Lawless 

Jordan Drake 

Email - hello@themillionairehairstylist.com