Founders #217 Estée Lauder
Rude Encounter, Big Dreams
- Estee Lauder's origin story began with a rude encounter at a beauty salon.
- This fueled her ambition and solidified her dedication to beauty.
Obsessive Learning
- Become obsessed with learning in your field and hone your craft constantly.
- Strive to know more than anyone else about your chosen craft.
Early Passion for Beauty
- Estée Lauder's passion for beauty started in childhood with fascination for her mother's beauty routine.
- As a young girl, she practiced by giving beauty treatments to her sisters and friends.
What I learned from rereading Estée Lauder: A Success Story by Estée Lauder.
Watch Runnin' Down a Dream: How to Succeed and Thrive in a Career You Love by Bill Gurley.
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[21:14] I sometimes wonder if I had set my heart on selling tassels, cars, furniture, or anything else but beauty, would I have risen to the top of a profession? Somehow I doubt it. I believed in my product. I loved my product.
[32:07] Risk taking is the cornerstone of empires. No one ever became a success without taking chances.
[39:24] I was single-minded in the pursuit of my dream.
[44:38] Despite all the naysayers, there was never a single moment when I considered giving up. That was simply not a viable alternative.
[55:59] We took the money we had planned to use on advertising and invested it instead in enough material to give away large quantities of our products.
[1:02:20] Never underestimate the value of an ally. Today they call it networking—this sharing between colleagues. It is one of the most powerful tools in the business.
[1:12:22] It's not enough to have the most wonderful product in the world. You must be able to sell it.
[1:15:03] Love your career or else find another.
[1:19:05] Visualize. If in your mind's eye you see a successful venture, a deal made, a profit accomplished, it has a superb chance of actually happening. Projecting your mind into a successful situation is the most powerful means to achieve goals. If you spend time with pictures of failure in your mind, you will orchestrate failure. Countless times, before the event, I have pictured a heroic sale to a large department store every step of the way and the picture in my mind became a reality. I've visualized success, then created the reality from the image. Great athletes, business people, inventors, and achievers from all walks of life seem to know this secret.
[1:21:34] I've always believed that if you stick to a thought and carefully avoid distraction along the way, you can fulfill a dream. I kept my eye on the target. I've never allowed my eye to leave the particular target of the moment.
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Founders Notes gives you the ability to tap into the collective knowledge of history's greatest entrepreneurs on demand. Use it to supplement the decisions you make in your work. Get access to Founders Notes here.
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