Balancing Profit and Purpose: A Journey in Doing Good with Jeremy Lott (Part 2)
In this episode of In The Club Podcast by Club Colors, Jeremy Lott, President and CEO of SanMar, shares insights into how his company prioritizes values and community impact alongside business success. Jeremy discusses the importance of humility, service mentality, and the role of sales teams in adding value to customers' businesses. He delves into the concept of "purpose over product" and how understanding a client's brand promise and demographics can drive meaningful partnerships. The conversation also explores SanMar's commitment to sustainability, its innovative programs for factory workers, and the touching "Hands Project" that transforms lives in Honduras. Jeremy sheds light on the challenges of operating in developing countries and the significance of staying engaged with local communities. Throughout, the discussion emphasizes how doing good can be a path to both business growth and positive societal change.
KEY TAKEAWAYS
- Prioritizing humility and service mentality can lead to successful and meaningful business relationships.
- Sales teams can add value by understanding a client's brand promise and demographics.
- Combining profitability with positive social impact can be a winning strategy for businesses.
- Sustainability efforts can lead to cost savings and environmental benefits.
- Balancing profit and purpose can create a stronger sense of community engagement and brand loyalty.
QUOTES
- "Our job is to care about your business and help you grow."
- "Our best salespeople add value to our customers by giving great ideas."
- "You can do great while doing good, or you're doing good, and that's helping you do great."
- "If you can use profitable business to help people, you can go much further faster."
- "Kindness is one of the most important principles I teach my children."
- "Purpose over product: it's not enough to avoid doing bad things; we want to ensure we do good things."
Connect and learn more about Jeremy through the link below.
LinkedIn: https://www.linkedin.com/in/jeremy-lott-56581020/
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