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|Articles - March 2011|
|Tuesday, March 01, 2011|
Page 4 of 7
First came the recession, followed by the coldest, wettest summer in 15 years — meteorology that’s not very kind to a company whose flagship product is a salve for poison oak and ivy. Next, president and CEO Steve Smith lost his mother and went through a divorce.
Topping it all off, despite making the 100 Best list at least eight times before, Tec Labs failed to make the cut either year.
“I was very concerned,” says Smith, who founded Tec Labs in Albany with his father in 1977. “When you’re already down, it was just one more kick.”
But at the beginning of 2010, Smith and his 30 employees decided the trench mentality had run its course. Realizing that the company’s strong culture needed to be unhooked from the owner, Smith set up a culture team. Small perks like monthly lunches that had been cut to save money were reinstated. And in the first quarter of 2010, the company paid employees back for an earlier 5% payroll cut.
“You’ve got to take care of your horses first,” says Smith, alluding to his grandfather’s practice of always taking extra special care of his draft horses in the field.
The tribulations of the past couple years have underscored for Smith the important role that Tec Labs plays in the lives of its employees, not only as an employer, but as a place to develop lifelong friendships and become part of an extended family. When you create an environment like that, he says, employees enjoy their work and will go the extra mile — or 10 — in good times or bad.
“It’s like refining gold or silver,” Smith says. “You heat it up and that’s when all the impurities come out. But skim it off and what’s left is pure gold.”
Thursday, May 29, 2014
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A conversation about credit unions with the CEOs of Advantis Credit Union and OSU Federal Credit Union, followed by June's Powerlist.
Tuesday, June 03, 2014
Citing the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.
Thursday, May 29, 2014
BY COURTNEY SHERWOOD
Business and civic leaders weigh the risks and rewards of going green.
Tuesday, July 01, 2014
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Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.
Monday, June 30, 2014
Oregon Business magazine won two silver awards for excellence in writing in the National American Society of Business Publication Editors Western region competition.
Monday, July 14, 2014
BY TERRY "STARBUCKER" ST. MARIE
I really didn’t know that much about angel investing, but I did know a lot about the entrepreneurial spirit.
Monday, July 07, 2014
BY TOM COX | OB BLOGGER
Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.
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