Jerry Greenfield, co-founder of Ben & Jerry's, explains the modest early financial goals he and co-founder Ben Cohen set when launching their business in the late 1970s.
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“Our goal when we opened was to make 20,000 dollars a year a piece.”
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More from Jerry Greenfield
AssertionSupported
Pillsbury threatened independent distributors who carried Ben & Jerry's
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AssertionSupported
Ben & Jerry's supported the anti-corporate Occupy Wall Street movement
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AssertionSupported
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“Within the last year, the company came out with a statement in support of Black Lives Matter.”
Jerry GreenfieldMar 23, 2020▶ 45:15Ben & Jerry's: Ben Cohen And Jerry Greenfield (2017)
AssertionSupported
Greenfield: Ben & Jerry's publicly supported Occupy Wall Street
“The company came out in support of Occupy Wall Street a few years ago, which, you know, is amazing because that, that was essentially an anti-corporate movement.”
Jerry GreenfieldNov 20, 2017▶ 45:19Ben & Jerry's: Ben Cohen And Jerry Greenfield
AssertionNot checkable as stated
Founders altered early business projections when numbers showed failure
“When we first wrote out and figured out our projections for how much ice cream we would sell and how much it would cost, the projections told us that We weren't going to sell enough ice cream to stay in business. So we just changed the projections.”
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Insight
Ice cream eaters prefer big chunks over evenly distributed pieces
“So I was arguing for having a larger number of smaller chunks that were well distributed throughout the ice cream. And, you know, Ben was saying, no, what people want, and this is what Ben wanted, of course, but what people want is a really big chunk, and they…”
Jerry GreenfieldMar 23, 2020▶ 22:44Ben & Jerry's: Ben Cohen And Jerry Greenfield (2017)
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