Young Business Club English
Varenko Anna Valentynivna - founder of VSB Store, member of YBC

Varenko Anna Valentynivna

Business field:
I am building an international beauty ecosystem that brings together e-commerce, offline retail, and a community for professionals. The main focus is the business-to-business segment and meeting all professionals’ needs in one place. At the same time, we are launching our own brands and product lines.
Company:
VSB Store
Business size:
YBC Wise
Marital status:
Not in a relationship
Looking for in YBC:
I joined YBC not for the atmosphere, but for people who genuinely influence results. Though I did find a great atmosphere here too :) For me, it’s about access to a strong network: trusted contractors, opportunities to exchange experience, and quick solutions through other entrepreneurs.

How Anna Varenko Is Transforming the Beauty Business into an International Ecosystem

Section 1: About me. Dossier.

Company
VSB Store
Business size
YBC Wise
Marital status
Not in a relationship
Movies
Films by Martin Scorsese
Books
"The Lean Startup", Eric Ries
"Zero to One", Peter Thiel
"Conversations with God", Neale Donald Walsch
Songs
Unstoppable Sea
Hobbies
Padel, Travel, Outdoor activities
City
Warsaw

3 events that changed my life

Launching and scaling an international business of my own.
The birth of my son.
Taking part in the “Formula” educational program.

2 people who influenced my life

Business partner;
Sister.

1 decision that changed my life

«Moving to Poland and launching a business in a new market»

Varenko Anna Valentynivna

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Section 2. About the business. Dossier.

Company name
VSB Store
Business field
I am building an international beauty ecosystem that brings together e-commerce, offline retail, and a community for professionals. The main focus is the business-to-business segment and meeting all professionals’ needs in one place. At the same time, we are launching our own brands and product lines.
Years in business
More than 6 years
Status
Wise
Team size
The team currently has around 40 in-house staff working across two regions. We try to keep all processes within the company, but we also work with a few outsourced contractors.
Has a partner
Yes
Countries of operation
Ukraine, Poland (EU).

Section 3: Biography.

Within 10 days of the start of the full-scale —, we had resumed sales and started building our Polish operations

Today I am developing VSB Store as an international trading company combining e-commerce and offline operations. At the same time, we are building a beauty ecosystem for professionals, focused on the business-to-business segment — from supplying goods to launching our own brands and products.

My area of responsibility — is developing and scaling our Polish and international operations overall. Poland has become our key operational and logistics hub, through which we have built a delivery system and begun working systematically with the European Union market.

One of my core business principles — is to go where it feels scary. For me, that means being able to look honestly at weaknesses and enter areas that most people put off. That is usually where the opportunity for growth lies.

The turning point was the start of the full-scale war. I went abroad with my child amid complete uncertainty, and at that moment I felt I had lost control of the situation. Yet within 10 days, we were able to resume sales in Ukraine and began adapting the business to the new reality.

During that period, we saw a change in customer behavior: a significant number of beauty professionals had gone abroad and needed access to the products they were used to. This prompted us to systematically launch our Polish operations.

We were working amid complete logistical chaos: rebuilding supply chains, testing new delivery formats, and making quick decisions amid uncertainty. There was one key objective — to ensure customers had access to products whatever the circumstances.

Our first attempts to scale in Europe were mistakes. We entered with a model that worked in Ukraine and quickly realized it could not scale in the European market. This forced us to rethink practically all our processes — from marketing and logistics to our financial model and customer relations.

Today, the business is scaling through assortment expansion, international sales development, the launch of our own products, and the optimization of operational processes.

My key role in this — is to see the whole system, make quick decisions, and take responsibility for them.

The pandemic halted the beauty segment — and we decided to sell directly

How did you come up with the business idea?

The business began with our partner's expertise in procurement. My partner imported goods from China, including for a beauty store, and we worked with them as suppliers.

When the pandemic began, the beauty segment effectively came to a standstill — the store had no active sales. At that point, we decided to start operating independently and import goods to sell ourselves.

We focused on categories with obvious demand — masks, pulse oximeters, thermometers — and quickly built a small store on that basis.

At the same time, we reached an agreement with the beauty store to sell its remaining stock through us. This allowed us to expand our assortment and move from a few items to a full-fledged warehouse.

The business then began to grow systematically: we built up inventory, established a sales department and marketing function, and launched our own website.

That was the point when we moved from occasional sales to building a systematic business.

Speed without a system doesn't work — and vice versa

What key skills helped you launch the business?

The foundation of our growth was systems thinking, an analytical approach, and the ability to make quick decisions and take responsibility for them.

I believe that in business, you need to act quickly because the world is changing very dynamically. At a certain point, you simply no longer have the luxury of thinking for a long time — you need to test and keep moving.

At the same time, speed without a system doesn't work. For me, being systematic — means having well-designed processes, clear roles within the team, and oversight through numbers.

Without that, scaling is simply impossible.

A warehouse without a system, numbers without analysis, and staff without the right competencies

What were the 3 most difficult challenges you faced in the early years?

  • Lack of a system at the outset.There are products, some things are selling, some are being shipped — but there are no clear processes, and that starts to slow growth.
  • Lack of financial analysis.It felt like putting together a puzzle without numbers. You work, but you don't understand where you're making money and where you're losing it.
  • Hiring mistakes.We placed far too much confidence in people who either lacked the necessary skills or were not invested in the results.

Cash flow was also a constant challenge. In a product-based business, growth requires investing money in inventory, and procurement has a long cycle. As a result, there was almost always a gap between expenses and actual cash on hand.

Goods burned in a warehouse, Europe rejected the Ukrainian model — and we rebuilt everything

What crises has your business faced, and how did you overcome them?

We most often faced cash flow gaps and a shortage of working capital. This is a basic reality of a product-based business. We dealt with it by optimizing expenses, restructuring processes, attracting investment, and automating.

Another major blow came at the start of the war. Logistics were unstable, and risks — were at their highest. During that period, goods worth tens of thousands of dollars were destroyed in a fire at one of our warehouses. But even under those conditions, we didn't stop and kept working.

Opening a branch in Europe was another difficult stage. We entered with the Ukrainian model and quickly realized it didn't work there. We lost some resources, but rebuilt the business almost from scratch to suit European realities.

Automation, optimization, and a financial system: three decisions that drove growth

Which decisions proved most effective in growing the company?

Three decisions had the greatest impact.

  • Automation. We eliminated manual routine work and freed up the team to focus on decision-making.
  • Resource optimization. We reviewed how we used money, people, and time, especially in Europe.
  • Financial system. We began working systematically with numbers, which gave us a clear understanding of the business's actual performance.

As a result, we were able to fully automate some processes, including part of our sales in Europe.

We invested more and got worse results — until we made finance the foundation of every decision

Which of your mistakes do you now consider your most valuable learning experience?

The most valuable mistake was when we miscalculated our finances.

We put in more effort, but our results got worse. Eventually, we realized the problem was with our financial model.

After that, we made finance the foundation of every decision and were able to scale properly.

Section 4: How can I be useful? Experience I can share.

Beauty ecosystem, B2B, the EU market, and automation with a long logistics cycle

My experience can be useful in three areas:

  • Building a product business and beauty ecosystem focused on B2B

  • Entering the EU market, particularly Poland.

  • Automation and financial modeling in a business with a long logistics cycle

MVPs, repeatable processes, and numbers that add up — before scaling

How to systematize a business

I work according to the MVP approach. First, a process or product is launched, after which it becomes clear what actually works.

Next, repeatable processes are documented and a system is built.

The key principle — the numbers must add up first, and only then does scaling make sense.

From niche categories to 10 000 SKU and a single supplier for all needs

How to grow x2 in a year

In our case, growth was driven by expanding our assortment and launching new business lines.

We moved from niche categories to a model where customers can meet all their needs in one place.

Today, our assortment includes more than 10 000 SKU, allowing customers to work with a single supplier.

The next stage — international scaling, developing our own brands, and building IT infrastructure for our customers.

Section 5: Club value

What am I looking for in the club?

I joined YBC not for the atmosphere, but for people who genuinely influence results. Though I did find a great atmosphere here too :) For me, it’s about access to a strong network: trusted contractors, opportunities to exchange experience, and quick solutions through other entrepreneurs.

What have I received from the club?

p2p groups play an important role — they’re a format for real growth through discussing situations, honest feedback, and the experience of people who have already gone through similar stages. Collaborations and partnerships that come about within the club are also valuable to me. At some point, you realize a simple thing: the pace of your growth depends directly on the people around you. People need people.