I once read something astonishing about the Perstorp Ltd.
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I once read something astonishing about the Perstorp Ltd. chemical industries that has stayed with me.
For many decades, this business didn't make any profit worth mentioning. It didn't lose money either. But it wasn't publicly traded, and the owners made no demands for better profitability.
So for at least two generations, all this organisation did was make quality chemical products and provide jobs. Many would say that it was a spectacularly unsuccessful company.
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I once read something astonishing about the Perstorp Ltd. chemical industries that has stayed with me.
For many decades, this business didn't make any profit worth mentioning. It didn't lose money either. But it wasn't publicly traded, and the owners made no demands for better profitability.
So for at least two generations, all this organisation did was make quality chemical products and provide jobs. Many would say that it was a spectacularly unsuccessful company.
@mrundkvist I've had a couple of small companies that we operated like that - long-term stability was prized over short term profit, the benefits flowed to the employees, the owners (my wife and I) got paid last, if we got paid at all.
We treated customers as partners, our sales efforts were as much consulting to analyze our potential customer's needs (often we knew more about networking than the customer did, so we did a lot of education.) We honored the old wisdom that "the first sale is hard and expensive, profit comes from the second and subsequent sales." Most companies never had a customer come up to them during a trade show and hand them a large check as a form of "thank you". We weren't "most companies" and we did get such "thank you" gifts.
Business need not be rapacious, customers can be friends, and employees can be valued.
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I once read something astonishing about the Perstorp Ltd. chemical industries that has stayed with me.
For many decades, this business didn't make any profit worth mentioning. It didn't lose money either. But it wasn't publicly traded, and the owners made no demands for better profitability.
So for at least two generations, all this organisation did was make quality chemical products and provide jobs. Many would say that it was a spectacularly unsuccessful company.
@mrundkvist what a tragedy for fhe shareholders, wont somebody PLEASE think of the shareholders!!!!1!1
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I once read something astonishing about the Perstorp Ltd. chemical industries that has stayed with me.
For many decades, this business didn't make any profit worth mentioning. It didn't lose money either. But it wasn't publicly traded, and the owners made no demands for better profitability.
So for at least two generations, all this organisation did was make quality chemical products and provide jobs. Many would say that it was a spectacularly unsuccessful company.
I’ve always thought that was the highest sign of a successful business. We dealt for a while with a small contact manufacturer whose owner said the very same thing. I hope they kept it going.
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