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Script:
When he decided to launch his new gig, the founder was selling hand-made pittons and climbing hardware for the already 10 years. He was driving its van across California to supply other mountain enthusiasts. But it was small and the margins were slim. And he felt the products he was selling were unreliable, fragile, and needed to be replaced often.
So he started this new company started with a simple mission: Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis. Imagine at the time how forward-thinking this was.
And so it went. Slowly but great. And with developing new products and getting more sales, Yvon and his team started thinking about how they could make their initial mission statement a more believable and real one.
So they launched initiatives toward that mission:
Yvon Chouinard and its family decided to sell 100% Patagonia non-voting stocks to a nonprofit dedicated to fighting the environmental crisis and defending nature. Yvon wrote a letter called “Earth is now our only shareholder”.
Whether you’re sensitive to social and environmental issues or are looking to grow as big as Patagonia or not, there are 2 interesting lessons from this short story:
In case you’re interested, I’ve written a post on making your claims more believable by the way, you’ll find it on the blog.
Once again, shout out to the Chouinards!
Have a great end of your day!
Script:
When he decided to launch his new gig, the founder was selling hand-made pittons and climbing hardware for the already 10 years. He was driving its van across California to supply other mountain enthusiasts. But it was small and the margins were slim. And he felt the products he was selling were unreliable, fragile, and needed to be replaced often.
So he started this new company started with a simple mission: Build the best product, cause no unnecessary harm, use business to inspire and implement solutions to the environmental crisis. Imagine at the time how forward-thinking this was.
And so it went. Slowly but great. And with developing new products and getting more sales, Yvon and his team started thinking about how they could make their initial mission statement a more believable and real one.
So they launched initiatives toward that mission:
Yvon Chouinard and its family decided to sell 100% Patagonia non-voting stocks to a nonprofit dedicated to fighting the environmental crisis and defending nature. Yvon wrote a letter called “Earth is now our only shareholder”.
Whether you’re sensitive to social and environmental issues or are looking to grow as big as Patagonia or not, there are 2 interesting lessons from this short story:
In case you’re interested, I’ve written a post on making your claims more believable by the way, you’ll find it on the blog.
Once again, shout out to the Chouinards!
Have a great end of your day!