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27A


27A- Biography/Autobiography
Miracles Happen, Mary Kay Ash
1.      In reading about the entrepreneur one quote stuck with me that was truly surprising. She says, “God first, family second, career third.” This statement, while short, can leave a lasting impact on the priorities of an entrepreneur. When Mary Kay says this, she makes it clear that, while high on her priorities, a career shouldn’t be more important than family or your faith. This is what I admired most about the entrepreneur as well. Someone who can put their faith above their venture is truly what I want to model myself after. I did not admire that she used other women as the salespeople of her company without employing them. This is not really fair because she is essentially employing them without providing them the benefits of employment. Mary Kay Ash encountered many trials before starting her own company, such as unappreciative supervisors and unreceived promotions. To combat these, she developed her own company in which they were not an issue.
2.      I noticed that the entrepreneur had the competency to recognize how her beauty line would work best. By making it commission based, it encouraged the consultants to promote the products to their friends, successfully expanding the popularity and sales of the beauty line. She understood the marketing approach to entrepreneurship very well.
3.      The pat of the reading that was confusing to me was the portion where her business transitioned from a store front in Dallas to having no stores at all. There are no physical sales places for Mary Kay now. There are no actual brick and mortar buildings other than the headquarters.
4.      If I was able to ask two questions of the entrepreneur, they would be;
a.      Why did you completely move away from physical stores?
b.      Did you intentionally only target women as consultants or was it a natural selection?
5.      I believe that while the entrepreneur values hard work, she values dedication more. From her standpoint she mainly sourced the hardest work, selling, to other people. She didn’t really act as salesperson at all in the way that the book made it seem. She did, however, stay dedicated to her business and made it her biggest priority.

Comments

  1. Samuel AckenineApril 20, 2020 at 3:29 AM

    Hey Jordan,
    I definitely also think it's very interesting that she'd stay away from in-person business, especially since physical beauty stores tend to get a lot of business. I think it's a very admirable quality of hers to prioritize her faith and family before her business. I feel like part of the reason she says this is because if you have a strong faith and close familial ties, then it is sure to fuel the passion for your venture. I think that she had the right mindset when it comes to business. Great job on your post!
    Samuel Ackenine

    ReplyDelete

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