Moira Forbes speaks with Gwyneth Paltrow about how she views business after turning 50 and starting Goop as a newsletter 16 years ago and turning it into a massive brand.
“I feel most powerful when I am ruthlessly aligned with myself,” Gwyneth Paltrow says, reflecting on her journey from Oscar-winning actress to CEO. “I’ve started to fully embrace myself and all my mistakes… I can stand on my own two feet powerfully.” This philosophy of self-acceptance has shaped Paltrow’s unconventional path in business leadership.
When Paltrow founded Goop in 2008 as a simple newsletter from her kitchen table, she had no formal business background, no roadmap, and no idea it would grow into the multifaceted brand it is today. What began as a passion project sharing travel recommendations, recipes, and shopping discoveries has evolved into a brand empire, with Paltrow emerging as a disruptive force in the worlds of wellness and commerce.
The pivot from the big screen to boardroom wasn’t without its challenges, with Paltrow taking on the role of CEO in 2016. “I didn’t finish college. I didn’t come up through a corporate environment,” she candidly admits in our interview at the 2024 Forbes Power Women’s Summit. “I didn’t know anything about anything I was doing.” This lack of formal business training initially led to moments of self-doubt. “I used to Google the acronyms under the table,” Paltrow shares. “I thought everyone was going to think I’m an idiot.”
However, it was precisely this willingness to embrace vulnerability that became a cornerstone of her leadership style and Goop’s evolution. “I’m a real embracer,” she says. “If there’s discomfort, I want to go right there. The difficult things and the difficult conversations are the only ones really worth having.”
As Goop evolved to span content, commerce, and events, Paltrow’s leadership philosophy continued to centre on authenticity and continuous learning. “When we follow those instincts of the company, it’s usually the right thing to do,” she notes, emphasising the importance of staying true to Goop’s mission amidst rapid growth and industry changes. “The best thing to do is just embrace your niche, and scale can come from that,” she explains. “A lot of mistakes have come from me not understanding that.”
Paltrow’s approach has led Goop into territories often considered pushing the boundaries, placing the brand at the forefront of conversations around women’s wellbeing. Goop was one of the earliest brands to champion clean beauty and address topics of sexual health. “I remember talking about gut health even back in the day and having people freak out,” Paltrow recalls. “And now, of course, it’s sort of table stakes that we know that gut health impacts the rest of our system.”
What sets Paltrow apart in the business world is her refreshing candor about the realities of growth. “Some years we’ve doubled in growth. Some years we are flat. Some years we’re down, then we’re back up,” she says. “But we keep going. We have a lot of intention around what we’re doing, and I’m proud that we’re still alive and kicking.” In a recent strategic shift, Goop has streamlined its focus to concentrate on its core strengths in beauty, fashion, and food amdist an increasing competitive landscape.
Looking ahead, Paltrow remains focused on strengthening Goop’s core offerings while continuing to innovate. “You just have to keep strengthening your strength. What makes us unique, what makes us us? How do we keep leaning into that? How do we innovate from that point?” This strategy aligns with Paltrow’s personal journey. Now in her 50s, she sees her current chapter of life as a time of metamorphosis. “I’ve never felt closer to myself in my life,” she shares. “I’ve been given this amazing opportunity to reassess and address this bizarre freedom that I now have, and I’m full of possibility.”
Watch the full interview with Gwyneth Paltrow here.
This article was originally published on forbes.com and all figures are in USD.
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