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SandRun Risk – an Evergreen Company

10/26/2015

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          The October 2015 issue of INC magazine had a great article by Bo Burlingham titled “Built to Last (and Last . . . and Last)"[1].  The article discussed several companies that were built to last rather than to be sold.  One of the entrepreneurs interviewed in the article, Dave Whorton, discussed how he and his Red Herring co-founder, Chris Alden, use the term “evergreen" to describe private companies that are designed to remain unsold and customer focused for a long time.  As set forth in the article, they identified the 7 P’s of Evergreen Companies[2]:
  • Purpose – being passionately driven by a compelling vision and mission.
  • Perseverance – having the ambition and the resilience to overcome obstacles and keep pursuing the mission indefinitely into the future.
  • People first – engaging a work force of talented associates who excel as a team and are motivated by the mission and the culture, as well as compensation, in the belief that, by taking care of them, they will take care of the business, customers, suppliers and community.
  • Private – taking advantage of the ability of closely held private companies to have a longer-term view and more operating flexibility than public or exit-oriented businesses.
  • Profit – measuring success by the number that provides the most accurate gauge of customer value delivered.
  • Paced growth – having the discipline to focus on long-term strategy and grow steadily and consistently each year.
  • Pragmatic innovation – Embracing a continuous-improvement process built around taking calculated risks to innovate creatively within the constraints of the business.
          The article resonated with me because it is how we view SandRun Risk.  We are passionate about risk management consulting and applying Lean principles to risk management.  We have worked hard to make SandRun Risk a success.  We strongly believe in our people and our clients.   We’re private, and we deliver a valuable product to our clients month after month.  We are growing steadily with a purpose and with a continuous improvement process as a part of our culture.   We take pride in helping our clients find their historic insurance policies, recover monies from their insurance carriers for claims, and improve their risk management function.  When companies hire SandRun Risk, they do so because they trust us, know that we are highly skilled, and know that we are the ones who will actually do the work.  We intend to be around for a long time.  We have the 7P’s.  We are an Evergreen Company.


[1] See “Built to Last (and Last and Last)", by Bo Burlingham, INC. Magazine (October 2015) pages 32-42,144-145.

[2] Id. at 38.
​
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    Authors

    Lori Siwik and Mark Siwik are the founders of SandRun Risk.  They apply the principles of vertical leadership and lean six sigma to the discipline of risk management.  From time to time they share their blog with guest authors who write about important risk management principles.

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