{"id":13438,"date":"2024-10-04T13:08:58","date_gmt":"2024-10-04T13:08:58","guid":{"rendered":"https:\/\/imsfund.com\/?p=13438"},"modified":"2024-10-04T13:08:58","modified_gmt":"2024-10-04T13:08:58","slug":"she-started-an-8-figure-business-after-near-death-experience","status":"publish","type":"post","link":"https:\/\/imsfund.com\/index.php\/2024\/10\/04\/she-started-an-8-figure-business-after-near-death-experience\/","title":{"rendered":"She Started an 8-Figure Business After Near-Death Experience"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>&#8220;I always wanted to make a difference,&#8221; Emily Hikade, founder and CEO of luxury sleepwear and home company <a href=\"https:\/\/www.petite-plume.com\/\" rel=\"follow noopener\" target=\"_self\">Petite Plume<\/a>, tells <i>Entrepreneur<\/i>. &#8220;I wanted to <a href=\"https:\/\/www.entrepreneur.com\/living\/the-four-steps-to-change-anything-in-your-life\/428279\" rel=\"follow noopener\" target=\"_self\">make a change<\/a>. I wanted to do something that meant something.&#8221;<\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"lazyload\" loading=\"lazy\" role=\"presentation\" src=\"https:\/\/assets.entrepreneur.com\/images\/misc\/1727986001_EmilyHikade.png?width=1000\" style=\"height:1500px; width:1000px\" width=\"1000\" height=\"1500\"\/><sup>Image Credit: Courtesy of Petite Plume. Emily Hikade.<\/sup><\/p>\n<p>Growing up in Central Wisconsin, Hikade was <a href=\"https:\/\/www.entrepreneur.com\/leadership\/cultivating-curiosity-is-what-drives-innovation\/351487\" rel=\"follow noopener\" target=\"_self\">curious<\/a> about the world from a young age. She biked to the library to teach herself French before high school. At 13, she convinced her parents to let her do a summer exchange program in the South of France \u2014 and returned home fluent.<\/p>\n<p>Hikade went on to attend the University of Notre Dame, where she continued to study French alongside German and international relations. As her undergraduate career came to a close, Hikade accepted a job at the White House.<\/p>\n<p><b>Related: <a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/his-multimillion-dollar-business-revived-espresso-martinis\/480377\" rel=\"follow noopener\" target=\"_self\">He Started a Multimillion-Dollar Business That Brought Back the Espresso Martini \u2014 and Has Some Advice to Save Other Entrepreneurs Time and Money<\/a><\/b><\/p>\n<p>In Washington, D.C., Hikade passed the foreign service exam and worked at the State Department&#8217;s Operations Center, where she got an up-close look at the White House&#8217;s Situation Room and navigated <a href=\"https:\/\/www.entrepreneur.com\/leadership\/how-to-win-over-the-room-with-effective-persuasion-skills\/464994\" rel=\"follow noopener\" target=\"_self\">high-stakes calls<\/a> with global leaders. Then another life-changing opportunity presented itself.<\/p>\n<blockquote>\n<p>&#8220;Lights went out, people were screaming. All I could see were the faces of my three little boys.&#8221;<\/p>\n<\/blockquote>\n<p>&#8220;I got a tap on the shoulder to head over to the dark side [to the CIA], as we say,&#8221; Hikade recalls. &#8220;I had the perfect cover because I really was a state department officer. I really did speak three languages at that point fluently. I really did take the foreign service exam. I could talk the talk.&#8221;<\/p>\n<p>Hikade joined the <a href=\"https:\/\/www.entrepreneur.com\/leadership\/how-working-for-the-cia-made-mike-baker-a-better-ceo\/444839\" rel=\"follow noopener\" target=\"_self\">CIA<\/a> and added Russian and Arabic to her language repertoire. She worked as an officer specializing in counterterrorism for more than 10 years. However, during her time at the agency, a near-death experience would set her on another course.<\/p>\n<p><b>Related: <a href=\"https:\/\/www.entrepreneur.com\/leadership\/2-leadership-tricks-i-learned-from-the-cia\/470821\" rel=\"follow noopener\" target=\"_self\">2 Phrases I Learned From a Senior CIA Officer That Changed My Leadership Style<\/a><\/b><\/p>\n<p>Hikade was flying to a meeting when the plane spun out of control and toward the water. &#8220;Lights went out, people were screaming,&#8221; Hikade says. &#8220;It was a commercial flight, a small puddle jumper, as they say.&#8221;<\/p>\n<p>Hikade thought of her three sons at home; her youngest wasn&#8217;t even a year old.<\/p>\n<p>&#8220;As I was bracing for impact, all I could see were the faces of my three little boys,&#8221; Hikade says. &#8220;And I had this profound sense of sadness \u2014 that my kids were going to grow up without a mom.&#8221;<\/p>\n<p>Fortunately, the pilot was able to regain control of the plane, but the pivotal moment stuck with Hikade.<b> <\/b><\/p>\n<p>Hikade started thinking about what else she could do \u2014 and the answer, somewhat surprisingly, was pajamas.<b> <\/b>When she lived in France, she&#8217;d walk into the grocery store and see classic pajama sets with buttons, and she wanted to buy them for her sons. But she couldn&#8217;t find a similar product in the U.S. &#8220;Everything had gone toward Hanna Andersson, that sort of tight-fit style,&#8221; Hikade explains.<\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"lazyload\" loading=\"lazy\" role=\"presentation\" src=\"https:\/\/assets.entrepreneur.com\/images\/misc\/1727986276_PetitePlumeAW241.jpg?width=1000\" style=\"height:1500px; width:1000px\" width=\"1000\" height=\"1500\"\/><sup>Image Credit: Courtesy of Petite Plume<\/sup><\/p>\n<blockquote>\n<p>&#8220;I knew how to negotiate. I have a higher risk tolerance than most.&#8221;<\/p>\n<\/blockquote>\n<p>So, while stationed in East Africa, Hikade decided to <a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/how-to-design-and-produce-products-from-scratch\/458334\" rel=\"follow noopener\" target=\"_self\">create the product<\/a> herself \u2014 and give entrepreneurship a shot. She calculated how many pairs of pajamas she&#8217;d need to outpace her government salary (&#8220;and that number was not high&#8221;). The plan was never to <a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/6-tips-to-start-your-million-dollar-business-from-scratch\/371425\" rel=\"follow noopener\" target=\"_self\">start a multimillion-dollar company<\/a> but to see if she could start a business.<\/p>\n<p>&#8220;It was like, <i>Okay, if I sell this many pajamas, I will be safe for my kids<\/i>,&#8221; Hikade recalls. &#8220;And I had lived in all these different countries. I knew how to negotiate. I have a higher <a href=\"https:\/\/www.entrepreneur.com\/franchises\/risk-vs-reward-understanding-your-tolerance\/423962\" rel=\"follow noopener\" target=\"_self\">risk tolerance<\/a> than most.&#8221;<\/p>\n<p><b>Related: <a href=\"https:\/\/www.entrepreneur.com\/growing-a-business\/the-entrepreneurs-guide-to-taking-calculated-risks\/466385\" rel=\"follow noopener\" target=\"_self\">How Taking Calculated Risks Can Grow Your Business<\/a><\/b><\/p>\n<p>Like most first-time entrepreneurs, Hikade had to overcome a fair amount of challenges along the way. However, one of the first and most significant emerged during the <a href=\"https:\/\/www.entrepreneur.com\/growing-a-business\/how-to-outsource-product-development\/437527\" rel=\"follow noopener\" target=\"_self\">product development<\/a> phase.<\/p>\n<p>Hikade set out to make Petite Plume pajamas out of 100% organic cotton, but in the U.S., children&#8217;s pajamas must be able to withstand a direct flame for three seconds without igniting \u2014 which means cotton has to be blended with other materials or coated with flame-resistant chemicals.<\/p>\n<p>&#8220;So we blended it with an inherently flame-retardant fiber; think of it like a tweaked wool,&#8221; Hikade says. &#8220;And that allowed us to pass all the strict Consumer Product Safety Commission (CPSC) regulations without using chemicals.&#8221;<\/p>\n<blockquote>\n<p>&#8220;We hit a niche.&#8221;<\/p>\n<\/blockquote>\n<p>What&#8217;s more, the business&#8217;s launch &#8220;was all done on the cheap,&#8221; Hikade says. Once the product was ready, Hikade <a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/want-to-build-an-ecommerce-business-start-here\/437595\" rel=\"follow noopener\" target=\"_self\">set up a Shopify site<\/a> and had the factory ship directly to a <a href=\"https:\/\/www.entrepreneur.com\/growing-a-business\/how-to-ensure-a-successful-partnership-with-a-third-party\/470617\" rel=\"follow noopener\" target=\"_self\">3PL<\/a> in the U.S. Petite Plume officially launched in 2015, and despite lacking investors or deep pockets, managed to be profitable from the start and enjoy consistent growth over the years.<\/p>\n<p><b>Related: <a href=\"https:\/\/www.entrepreneur.com\/growing-a-business\/10-growth-strategies-every-business-owner-should-know\/452857\" rel=\"follow noopener\" target=\"_self\">10 Growth Strategies Every Business Owner Should Know<\/a><\/b><\/p>\n<p>Now, the company has evolved into a complete lifestyle brand with eight-figure annual revenue; its products are available in nearly 500 stores nationwide, including Saks Fifth Avenue, Nordstrom and <a href=\"https:\/\/www.entrepreneur.com\/business-news\/saks-acquires-neiman-marcus-amazon-invests-in-saks-global\/476686\" rel=\"follow noopener\" target=\"_self\">Neiman Marcus<\/a>. In addition, Petite Plume&#8217;s ecommerce business has grown 70% year over year, while 2024 sales-to-date are up 50% compared to last year.<\/p>\n<p>&#8220;We hit a niche,&#8221; Hikade says by way of explaining the brand&#8217;s ongoing success.<\/p>\n<p><img decoding=\"async\" alt=\"\" class=\"lazyload\" loading=\"lazy\" role=\"presentation\" src=\"https:\/\/assets.entrepreneur.com\/images\/misc\/1727986378_PetitePlumeAW242.jpg?width=1000\" style=\"height:1500px; width:1000px\" width=\"1000\" height=\"1500\"\/><sup>Image Credit: Courtesy of Petite Plume<\/sup><\/p>\n<blockquote>\n<p>&#8220;I&#8217;m really proud of the company we&#8217;re building and [its] core values.&#8221;<\/p>\n<\/blockquote>\n<p>A few years ago, someone asked Hikade what was harder: working at the agency or being an entrepreneur? She really had to think about the question, Hikade admits. As dangerous as her time as a CIA officer was, <a href=\"https:\/\/www.entrepreneur.com\/leadership\/11-effective-ways-to-cope-with-entrepreneurial-stress\/412401\" rel=\"follow noopener\" target=\"_self\">stress levels<\/a> came with a degree of predictability, peaking during high-stakes meetings or operations and then coming back down, she explains.<\/p>\n<p>When you&#8217;re <a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/5-strategies-for-building-your-business-quickly\/463904\" rel=\"follow noopener\" target=\"_self\">building a company<\/a>, those day-to-day highs and lows tend to be more erratic, Hikade says. She notes that your best and worst moments in business might even occur within the same 24-hour period.<\/p>\n<p><b>Related: <a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/the-complete-12-step-guide-to-starting-a-business\/297899\" rel=\"follow noopener\" target=\"_self\">Starting a Business: How to Start a Business in 12 Steps<\/a><\/b><\/p>\n<p>Despite the <a href=\"https:\/\/www.entrepreneur.com\/leadership\/9-hacks-to-overcome-the-daily-challenges-of-entrepreneurship\/449676\" rel=\"follow noopener\" target=\"_self\">challenges of entrepreneurship<\/a>, Hikade is all in on the business \u2014 and remains committed to building one that improves the lives of its customers and employees.<\/p>\n<p>Petite Plume gives parents on its staff the flexibility to care for their children along with <a href=\"https:\/\/www.entrepreneur.com\/growing-a-business\/paid-parental-leave-doing-well-by-doing-good\/331775\" rel=\"follow noopener\" target=\"_self\">parental leave<\/a> and offers healthcare, 401ks and profit sharing. &#8220;We have leaned into this 21st-century workforce,&#8221; Hikade says. &#8220;I&#8217;m really proud of the company we&#8217;re building and [its] core values.&#8221;<\/p>\n<p>Hikade might have a higher risk tolerance than most, but any <a href=\"https:\/\/www.entrepreneur.com\/leadership\/19-tips-for-aspiring-entrepreneurs\/394697\" rel=\"follow noopener\" target=\"_self\">aspiring entrepreneur<\/a>, whether transitioning from counterterrorism, finance or any other field, would do well to take her simple but essential piece of advice: There&#8217;s never a good time to start a company or make a change \u2014 so you just have to do it.<\/p>\n<p>&#8220;Somebody said, &#8216;You get the business cards, and you put the CEO and founder on it early on, so it really defines who you are,'&#8221; Hikade says. &#8220;The journey of a thousand miles begins with a single step. So don&#8217;t wait for that perfect time because it&#8217;s never going to come. Carpe diem.&#8221;<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.entrepreneur.com\/starting-a-business\/she-started-an-8-figure-business-after-near-death-experience\/480648\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;I always wanted to make a difference,&#8221; Emily Hikade, founder and CEO of luxury sleepwear and home company Petite Plume, tells Entrepreneur. &#8220;I wanted to make a change. I wanted to do something that meant something.&#8221; Image Credit: Courtesy of Petite Plume. Emily Hikade. Growing up in Central Wisconsin, Hikade was curious about the world [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13439,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/assets.entrepreneur.com\/content\/3x2\/2000\/1727985979-EmilyHikade.png?format=pjeg&auto=webp","fifu_image_alt":"","footnotes":""},"categories":[9],"tags":[],"class_list":["post-13438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/13438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/comments?post=13438"}],"version-history":[{"count":1,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/13438\/revisions"}],"predecessor-version":[{"id":13440,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/posts\/13438\/revisions\/13440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media\/13439"}],"wp:attachment":[{"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/media?parent=13438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/categories?post=13438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/imsfund.com\/index.php\/wp-json\/wp\/v2\/tags?post=13438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}