Gene Milstein - Applewood Seed Company

December 2002

What are some of the key lessons you have learned during your career in the wildflower seed business?
One of the first key lessons I learned was to make sure that I found a line of work that I truly enjoy. The flower seed business, especially wildflowers, has provided the right balance of research, growing, creativity and beauty to provide endless challenges and enjoyment. I never get bored and I believe this applies to everyone on our staff, too. Another important lesson was learning one's place in the market. One can’t be all things to all people. Our company’s strength has always been developing new products and new markets. Our goal has been to offer the best quality horticultural products possible and to be the first with new ideas and concepts. Our successes in this arena have given us much satisfaction and prestige and have been the stimulus for further growth and development.

A harder lesson for me was learning about the right kind of managers and staff to surround myself with. Fortunately, my wife proved to be an ideal partner. From years of observation and experience, I learned how difficult family operations can be. Many of them either fail or live with much internal anger and resentment. I vowed to avoid this. My wife brought many needed organizational, editorial and creative skills. We achieved a good balance of skills and developed our own areas of responsibilities. Most importantly, we had a strong mutual respect for each others’ abilities. We learned how to hire key managers and other self motivated staff members who could help the company grow. We have learned about succession planning, and we have tried to hire people who are better than we are in as many areas as possible. We offer competitive salaries and a strong benefits program which are essential to maintain long term commitments.

Here are some other important principles that I honored over the years. Profitability is more desirable than big sales. The seed industry is a slow growth affair and steady, consistent growth is much easier to cope with than big surges and declines. The customer is king and maintaining his/her goodwill is essential. Listen to your market and it will tell you what your next product will be.

(to Jack Bodger's answer)

 

 

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