What the back of a business card can say about your company

Define your company's culture, and put the definition into action. One office supply company, Chalkfly, still sends handwritten notes with its invoices.
MAY 09, 2014
If somebody had asked my dad what his company culture was, he would have locked them with a 1,000-foot John Wayne stare. That would sound like a bunch of woo-woo-woo hippie stuff to him, one of the last stoic sons of the West. But in truth, the family excavating business did have a culture. It was written on the back of his business card: "The bitterness of poor quality and workmanship remains long after the sweetness of the low bid is forgotten." See How to scale your company's culture In that phrase he told all potential clients that he and my brother and mother hustled. That they were fair and committed. That they believed in quality. Still, he would have thought that's just how you run a business, not some fancy business school lingo about culture. I might have agreed with him until I sat this week with Ross Sanders, the executive director of Bizdom, the Detroit-based startup accelerator founded by Dan Gilbert. We were talking about startups, and Sanders declared the biggest mistake they make when launching is not defining company culture: "You can Google an income statement, but what we teach is an emphasis on culture and core values. This is the foundation everything else is built on." He gave me Detroit-based Chalkfly as an example. It had $2 million in revenue last year selling office supplies online — and it expects to double revenue this year. Part of its success, he posited, is its focus on company culture. He told me that Chalkfly's culture is about how it still sends handwritten notes with invoices. It delivers flowers to clients' administrative assistants on Administrative Professionals' Day. It nails the customer service because that is what the founders believe in. I got it. Company culture isn't just for tech entreprenuers with all the resources handed to them in fancy incubators and accelerators. It's for every small business owner, regardless of how tiny. It's about how you greet customers in your store. How you speak with clients on the phone. It's who you are and how you present yourself. It's even for a man who is more comfortable digging in the hard rock of Colorado than in government bonding and bidding meetings. It explains why he taught my brother to put on a clean shirt and nice boots before you go. He just called it acting like the owner, not the help, even when you were both. This article first appeared in Crain's Detroit Business

Latest News

Modera, Simplicity announce new acquisitions in busy day for industry M&A
Modera, Simplicity announce new acquisitions in busy day for industry M&A

Two RIAs expand their geographic footprints with deals in New York's Capital Region and coastal Alabama.

Advisor moves: Ameriprise, Prospera, Raymond James land teams with $920M in assets
Advisor moves: Ameriprise, Prospera, Raymond James land teams with $920M in assets

A 27-year Merrill veteran, Florida advisors, and a trio of New Jersey advisors just moved to new platforms.

LPL Research launches 17 model portfolios, hitting $100B in AUM
LPL Research launches 17 model portfolios, hitting $100B in AUM

Broker-dealer expands its model portfolio platform with modular building block strategies designed to give advisors greater customization at scale.

Wealth Enhancement adds $592M Chicago-area RIA
Wealth Enhancement adds $592M Chicago-area RIA

The mega-RIA with roughly $160 billion in client assets remains firmly in acquisition mode amid rumors of private equity giants vying to scoop it up.

Annuity sales hit a record as war and Fed jitters redraw fixed income
Annuity sales hit a record as war and Fed jitters redraw fixed income

Record annuity demand for principal protection collides with the most hawkish Fed dissent since 2016.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income