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No Limits with Rebecca Jarvis

#105: Mars, Inc. Victoria Mars: How to work with your family

No Limits with Rebecca Jarvis

ABC News

Business, Careers

4.7703 Ratings

🗓️ 9 October 2018

⏱️ 35 minutes

🧾️ Download transcript

Summary

Victoria Mars is a fourth generation member of the Mars family, who created one of the oldest family businesses in the world, Mars, Incorporated. Victoria Mars grew up knowing that her father ran a chocolate factory, but it was only later in her teenage years that she realized that her family business was behind everyone's candy favorites like Twix, Snickers, Skittles and M&M's. She grew up an "average kid," as her father tried to keep business separate from family. On this episode, Victoria opens up about finding her place in the family business, the secret to a lasting business, and how she learned to make choices at different stages of her life and career. Congratulations to our No Limits Entrepreneur of the Week: Hannah Marjon, Founder and Designer of Seven Swim Find out more: https://sevenswimwear.com/ Want to be a featured NLEOTW? Know someone who should? Send your nominations to [email protected] Don’t forget to subscribe and leave us a review! It’s easy! Click here: http://bit.ly/2ks4f90 ABOUT REBECCA JARVIS: Rebecca Jarvis is an Emmy Award-winning journalist and the Chief Biz, Tech and Econ correspondent for ABC News. Follow Rebecca Jarvis: www.Instagram.com/RebeccaJarvis www.Twitter.com/RebeccaJarvis www.Facebook.com/RebeccaJarvis https://www.linkedin.com/in/rebecca-jarvis-217ba052/ Snapchat: RebeccaJarvis Learn more about your ad choices. Visit

Transcript

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0:00.0

I'm always encouraging people to go out and take a risk.

0:05.0

You may fail. That's okay.

0:08.0

I think that's one of the biggest struggles I see in today's world is the fear of failure.

0:14.0

Go and try something. It may not work out. That's okay.

0:18.0

As long as you learn something from it and don't keep repeating your same failure, we're good. From ABC, it's no limits. I'm Rebecca Jarvis, and each week we're talking

0:29.0

to the most bold and influential women playing at the top of their game, trying to demystify

0:34.9

success and what it really takes to get there.

0:38.3

And all of the tradeoffs, whether you're looking for answers or you just want to hear a good story, you're in the right place.

0:46.5

On today's episode, we're taking a look inside one of the oldest family businesses in the world.

0:52.4

From M&Ms to Twix to Skittles, there's a good chance the

0:56.2

Mars Corporation has been a part of your life. Victoria Mars is the fourth generation of the

1:01.2

Mars family. She grew up working at the chocolate factory, a real-life Willy Waka. But when it came

1:07.7

time to think about her own career, she wasn't sure the family business was right for her

1:12.0

until she found her own passion. A role, I bet a lot of you listening right now, would love to see inside of your companies.

1:20.5

Take a listen.

1:22.2

Victoria Mars, welcome to No Limits.

1:24.6

Well, thank you. I'm excited.

1:26.0

I'm very excited to have you with us.

1:28.6

And I wanted to have you here because you're a slightly different type of guest than what we traditionally have, but you have this fascinating backstory.

1:36.9

Your great-grandfather is the reason that we all enjoy Twix or Snickers or M&Ms.

1:43.2

Absolutely.

1:46.0

And a lot more, because actually we're also in pet food and brands like whiskers and brands in food like Uncle Ben, so we're much more than

...

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