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Mary Kay Ash Famous Entrepreneur

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Elimma Aguolu

on 25 September 2013

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Transcript of Mary Kay Ash Famous Entrepreneur

Mary Kay Ash Famous Entrepreneur
by: Elimma Aguolu

Background
Getting the idea
Getting started
Mary Kay started a cosmetics company at the age of 45. To get the company all started up she had to do an initial investment of $5,000 in 1963. The type of entrepreneurial business Mary Kay Ash started was a cosmetics company. Her company's were getting very successful.
Challenges
Strategies
Every entrepreneur have there own strategies even Mary Kay Ash. The strategies she used to make an extraordinary business" were treat others as you would want to be treated" that was her golden rule. Another strategy Mary used was God first, family second, and career third. Mary wanted everyone in the organization to have an opportunity to benefit from their success.
Success fulness
I think Mary Kay Ash was a very successful because she knew how to treat her employes. To me I think when you treat your employes the way you would like to be treated you will get the best out of them. She also knew how to handle her money wisely. Which means she had to take a lot of risks.
References
Mary Kay Ash was born on May 12, 1918,in Hot Wells, Texas. Mary was married three times,Ash had three kids Richard, Ben and Marylyn by her first husband, J. Ben Rogers.They divorced after he came back from World War II.Her second husband died from a heart attack. She married her third husband,Mel Ash, and the couple stayed together until Mel's death.
Mary Kay Ash got the idea to start her own business when another man whom she trained got promoted over her. She started her own cosmetics company, using incentives programs. Also she used other strategies to give employees the chance to benefit from their achievements. Soon her company had enormous success.
Some of the challenges Mary Kay Ash had to face while she was building her company was the Great Depression. It was really hard to start a business during this time period. Another challenge was during that period women where not treated the same as men. To start up the company Mary had to come up with a lot of money so she used her life savings.
My references are Mary Kay Ash biography- Facts, Birthday, Life story.....
Full transcript