Interview with Kristen Wood One of Canada’s Top Female Entrepreneurs of 2014

Kristen Wood - The Ten Spot
Kristen Wood – The Ten Spot

Today I wanted to introduce you to an amazing entrepreneur, the creator of The Ten Spot Beauty Bar and the Get Nailed line of beauty products. At the age of 24, she took a leap of faith and created a business plan, got a loan and started construction on the first, now the HQ, of The Ten Spot. With two degrees, and quite a bit of experience in a multitude of industries, she was ready to take on a new project. I sat down with Kristen and spoke to her all about being a female entrepreneur.

Q: With two degrees, one in philosophy and one in graphic design, what made you open a business in beauty?
A: “Business is all about finding a need. At the time there was a need in Toronto for a spa that was inexpensive but still held high cleanliness protocols and executed quality services. We needed a place that combined what people love at low-end salons with the things people crave from high end spas and thus THE TEN SPOT was born.”

Q: What lead to the jump from a communications company to being a full time entrepreneur? Why did you choose that time in your life to take the leap?
A: “I chose that time in my life because I had just gotten laid off and with 2 weeks ‘in lieu of pay’ in my pocket it was do or die time. Getting laid off was the push I needed. I always wanted to start my own business but there was never a good time.”

Q: What was your biggest fear when starting your business?
A: “I have a practical type of brain that does not allow me to think of consequences in reality. Looking back now, I was super naive but I dove in head first. It has not easy but it is one of the best decisions I have ever made for myself.”

Q: Other than being a badass female entrepreneur, what is your greatest accomplishment with the Ten Spot?
A: “My greatest accomplishment with THE TEN SPOT was our first annual Franchise Partner conference that we held at White Oaks Resort back in September. It was a great time to share my excitement with everyone and to celebrate what we had all accomplished together. We inspired each other, we laughed together and we sat by a campfire and told stories; it was one of those moments I will never forget!”

Q: How do you juggle being a mom, wife and business owner?
A: “It is a daily struggle. When things are going great at work, I feel like I should be concentrating more on my home life and then when things are going great at home, my work sometimes suffers. It is hard to find a good balance but with a great partner it is definitely possible. Every day brings on a new challenge both professionally and personally and you just need to figure out how to find a solution to both.”

Q: If you could give one tip to any young female entrepreneurs about becoming successful, what would it be?
A: “1000% just do it. It’s not just about the freedom to do what you want, when you want; it’s also the thrill of taking a leap and seeing what happens. THE TEN SPOT was literally an idea that I had over a slice of pie and it could have easily stayed as that. Instead it’s now a multi-million dollar company that employs close to 200 people and has grown into 14 locations.”

Chelsey Gike

Creator of fabulous fetes, designer of sassy stems, glitter lover and girly girl. Creative thinker, passionate about love, and all the fabulous things that go into your big day.

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