I’m 75% of the way through Let My People Go Surfing: The Education of a Reluctant Businessman by Yvon Chouinard. It’s the story of Patagonia, and how a company started by a guy who just wanted to climb mountains became one of the world’s best workplaces.
Patagonia was one of the first in the country to offer on-site childcare, paid maternity (and paternity) leave and flextime. Chouinard says he only wants to sell products people need, not things they simply want. And because the company is so environmentally conscious, its products are made to last, and last, and last.
Yet Patagonia remains convincingly profitable, earning $330 million last year. In 2007, Chouinard landed the cover of Fortune Magazine which dubbed Pategonia “the coolest company on the planet.”
The company has given more than $34 million in grants and in-kind donations to environmental causes since 1985, $3.8 million in 2009 alone.
Part of the company’s mission statement is to use “business to implement and inspire solutions to the environmental crisis.” That means they need to be successful. As Chouinard says:
“If we wish to lead corporate America by example, we have to be profitable. No company will respect us, no matter how much money we give away or how much publicity we receive for being one of the ‘100 Best Companies,’ if we are not profitable. It’s okay to be eccentric, as long as you are rich; otherwise you’re just crazy.”
Chouinard went into business by accident, and wound up doing a lot of good. Today Patagonia is a strong model for business and social activists alike….Want to do good in the world? Find a way to make a profit doing it. It makes your voice easier to hear.
posted by Jaime