There are incredible opportunities for growth, product innovation and robust value creation in the specialty chemicals industry – especially at the level of early-stage and small companies. This is done by broadening products to adjacent areas, expanding customer geographies across the U.S. and world, implementing differentiation strategies and relentlessly recruiting the most brilliant minds in the specialty chemical industry.
All this while maintaining thoughtful integration of Environmental, Social & Governance strategies.
Growth should be managed at a pace that matches the organization’s capability; this is not a rush to the finish line. Product quality and customer satisfaction are paramount. Thorough research, expert development and proactive product management will always be prioritized. The sales team will be well-informed and disciplined. All bases will be covered because, when dealing with such a specialized industry, all unnecessary risks must be avoided.
It is critical that the entrepreneur can develop a rapport and relationships of trust and partnership with the investor. This will assure that the entrepreneur and investment firm can work through challenging times in a partnership and collaborative manner. And, at the end of the day, employees want to work for companies that have integrity and are focused on true value creation for the long run, which provides security and rewards for them and their families.
The sky is the limit for the entrepreneur and management team that starts with and remains true to the servant’s mindset with respect to their customers.