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Eugène Schueller

Eugène Schueller | Entrepreneurs | Scoop.it

Born: March 20, 1881 in Paris

Daughter: Liliane Bettencourt

Granddaughter: Françoise Bettencourt Meyers

Education: Institut de Chimie Appliquée de Paris in 1904 with a chemistry degree

 

In 1907, at the age of 28, he developed a hair-color formula that he named Oréale. He began mixing the hair-color and selling it to Parisian hairdressers.

Amanda Pearl's insight:

resources: http://en.wikipedia.org/wiki/Eug%C3%A8ne_Schueller

 

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Schueller vs. Lerner

Schueller vs. Lerner | Entrepreneurs | Scoop.it

Schueller got an early start in the cosmetic industry, he created his own products using the knowledge of chemistry that he had. Lerner got her start later in life after starting a successful business but failing keep herself in the operations. Lerner used her business partner to create the products.

 

 Lerner is a go-getter who solves her own problems and figures out how to fulfill her needs and wants.  Schueller was an inventor who saw opportunities to make money and sell his inventions.  

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Successful Business Today

Successful Business Today | Entrepreneurs | Scoop.it

Today, it would not be much different than in Lerner's day to start a business because she had resources to do so. However, today it is much different to start a business than it was in Schueller's day. Today you have to have the funding and business skills to launch a business.

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Sandra Lerner

Sandra Lerner | Entrepreneurs | Scoop.it

Born: April 14, 1955 in Virginia

Was Married to : Leonard Bosack

Eduation: Bachelors- California State University (1975) in Political Science

Masters- Claremont Graduate School (1977) in Government

Stanford University (1981) Statistics and Computer Science

 

While working at Stanford she and her husband co-founded Cisco in 1984. They designed the first router. In 1988 they brought in another CEO (John Morgridge). August 28, 1990 Lerner was fired from Cisco, Bosack resigned in support of his wife. They sold their portion of Cisco and retired. 

 

Lerner at the age of 40 sparked an idea for a new cosmetic company when she noticed that most of the cosmetic products were pink, red and beige. Through her business manager Lerner met Wende Zomnir, a creative businesswoman and makeup addict. Zomnir also noticed the color void and agreed that it was time to shake things up.

 

Amanda Pearl's insight:

resources: http://en.wikipedia.org/wiki/Sandra_Lerner, http://www.dilettantesdictionary.org/bio.html, http://www.urbandecay.com/about-us/about_us.html

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Impacts today

Impacts today | Entrepreneurs | Scoop.it

Schueller's hair-color was the first hair-color to catch on and today many women dye their hair.

 

Lerner's Urban Decay broke the tradition of women wearing beige, red and pink makeup. Today many women wear cosmetic colors other than the traditional red, pink and beige. Urban Decay also was one of the first companies to campaign on not testing on animals.

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L'Oréal and Urban Decay Today

L'Oréal and Urban Decay Today | Entrepreneurs | Scoop.it

Today L'Oréal is in the hands of Schueller's daughter Lilian Bettencourt. She is the 3rd wealthiest woman in the world as a pincipal sharholder of L'Oréal which has a networth of $24.4 billion. L'Oréal has expanded it's products and is a global company.

 

Ironically in 2012 L'Oreal bought Urban Decay. Lerner is not a part of the company anymore but her business partner Wende Zomni is in charge of new product development. Urban Decay is worth approximately $350 million.

Amanda Pearl's insight:

Resources: http://en.wikipedia.org/wiki/Eug%C3%A8ne_Schueller

http://en.wikipedia.org/wiki/Urban_Decay_%28cosmetics%29

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