Remo Uherek

Menu
  • Start here
  • Blog
    • Twitter Threads
    • Archive
  • Newsletter
  • Recommendations
    • Books
    • Tools
    • Links
  • About
    • What I’m doing now
    • Contact
Menu

Home › Blog › The 100-Year Company

The 100-Year Company

When reading Let my people go surfing by Yvon Chouinard, one idea stuck with me: The 100-Year Company! The idea is simple. Pretend you are building a company that will flourish 100 years from now. Then use this mindset for your short- and mid-term decision making.

Here is Patagonia’s 100-Year mission:
“Build the best product, cause no unnecessary harm, and use our business to inspire and implement solutions to the environmental crisis.”

Patagonia has even created a venture capital arm to further boost it’s ecosystem. Unlike traditional VC’s they don’t require an exit and are perfectly happy with receiving dividends. Very inspiring!

What if Exsila would become a 100-Year Company?

  • DVDs and CDs will be long gone, while today they represent >50% of our business
  • Books, toys, electronics, clothes, collectibles etc. will still be around
  • We’d need to make enough profit to be able to reinvent ourselves regularly, to make investments to expand our business, and to be able to hire the best people
  • We’d need to have a strong user community that lasts for generations
  • We wouldn’t take short-term venture capital and wouldn’t sell the company
  • We would build strong partnerships around us
  • We would invest in a strong and long-term company culture
  • We would hire the best possible team, and train our own leaders in-house
  • We would build the best product possible, and invest heavily in user experience
  • We would need a strong and universal mission that would last for 100 years. Something like: Promoting a lifestyle of re-using products until the end of their lifecycle, and creating the tools and ecosystems to make it easy and enjoyable.

Such long-term thinking is not only satisfying, it’s also highly motivating. What if more young companies embraced this?

image_pdfPDF
  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related

Tags: Long-term, Mission, Mission driven, Patagonia, Purpose, Strategy, Yvon Chouinard
Category: Wealth



February 13, 2017May 28, 2020 by Remo Uherek

Search

⚡  Learn & Grow

Join 1500+ subscribers to receive updates on personal growth, mental health and financial freedom:

Bonus: After signing up, you will receive my exclusive Good Life Checklist with actionable ideas on how to improve your life.

Recent Posts

  • My Portfolio Declined -59% in 2022. Here’s What I Learned.
  • Why You Should Die With Zero Money
  • Full Recording: Elon Musk Live on Twitter Spaces Talking Twitter Financials with George Hotz
  • Will Germany’s car industry survive? A deep dive with Tesla expert Alex Voigt
  • 4 Years At Tesla: Company Culture, Elon Musk, TSLA Stock, FSD (Former Employee Farzad Mesbahi)

Categories

  • Health
  • Wealth
  • Love
  • Happiness

Archives

  • Archive

Newsletter

Twitter

YouTube

Podcast (Apple, Google, Spotify)

Training Programs