I’m not done giving thanks yet!

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This is a continuation of yesterday's blog- I'm thanking my mentors.

I’ve written about my next mentor often.  (Here’s but one example– with another great story about Cary.)  He was but one half of the management team that took a chance to hire me.  A soon-to-be 14 y old kid.  And, let me basically take over their baby.  (As you can see, Cary became a mentor about the time I was losing touch with Ms. Katzman.  I’d been really lucky to have a continuous mentor relationship for nigh 16 years, by the time this one ends.)

Arlee Cleaners & Launderers

HarryCary is what I called them, when they were together.  I. Harry Mazer and Cary Rollner planned to grow their store into something big.  Arlee Cleaners and Launderers was a pretty big shop on Merrick Road (Merrick, NY) on the South Shore of Long Island.  Back then, it had the state-of-the-art (SOTA) dry cleaning machine (solvent extraction, heat exchangers, steam generators- the unit operations that chemical engineers all studied), with some 5 or 6 employees, plus the two owners.  Pretty big business for the South Shore of Long Island- especially back in the early 60s.

Cary was the one who took a very special interest in me.  Just like my son, Cary was born on the 4th of July.  Cary was 9 years older than me- which when you are 14, was a lifetime of difference.

He hired me to clean up the shop- but it was more like Cary wanted to give me a chance.  I took it- and gave it my all.  Until my first paycheck about two weeks later.  He gave me $ 22.10.  And, I quit.  Because I would not work for minimum wage.  So, he rehired me immediately for the princely sum of $ 1.45 an hour- a full 25% premium over the minimum wage.   And, for that, he got someone who helped him make his Arlee dreams come true.

But, as much as I did- I was lucky that he taught me plenty.  That having the best equipment and doing the best job doesn’t always get you the business.  You have to provide more- be really interested in your customers.  Know what goes on in their lives.  So, they feel-  no, so they know!- you care about them and their lives.  If that were the only thing I learned from Cary, he still would be a wonderful mentor.  But, he taught me more.

He let a little kid (come on, no matter what I thought I was- or where I was going to school, I was 14 and 15 when this was going on) go to Baltimore to get trained by the International Fabricare Institute (now known as the Drycleaning and Laundry Institute).   He let a little kid take over his collection activities. (OK, he and Harry did an abysmal job of collecting debts.) He also regretted that I arranged that a percentage of what was collected became mine, because that meant my pay was now pretty darned good.

He and I started a drapery cleaning business.  From his point of view, it meant he didn’t have to be “stuck” in the shop, that he could be visiting our customers, doing work outside the shop.  Oh, and making even more money than one could “for just dry cleaning”.  It let me work out logistical planning,  to have more employees, more clout with the customers, and more fun.

Cary also “coached” me in my dating efforts.  In that regard, he was like an older brother and not a boss.  He thought my dating only one girl was crazy- he thought that someone of my age should date many and find out what life was all about.  (He didn’t win out in that regard.  But, given my results- maybe I should have followed his rule!)

Cary met an untimely death.  He was killed driving on the Long Island Expressway on the day after Halloween in1971; a vehicle crossed the very narrow, unprotected median and terminated his life.  (The Long Island Expressway now has 4 foot tall Jersey barriers.) Cary was just 29 years old.

But, his spirit lives on.  He’s why I mentored others.  He’s why I never paid someone the minimum wage- even when our companies were small and just starting out.  He’s why I give folks a chance when I hire them, and give them opportunities to train and learn and grow- and sometimes even go.

I returned the favor to HaryCary.  The attorneys who helped transition Arlee to new owners after Cary’s death were my attorneys; the ones who worked with me to commercialize my artificial kidney.

My next mentor came much later in my life.  My company was 5 years old, about the time that Bernie Goldhirsch started Inc magazine and Arthur Lipper III started  Venture magazine.   These were the magazines that entrepreneurs and wannabe entrepreneurs devoured.  Bernie, who was an MIT grad, decided that he could gain notoriety and stature for his magazine by promoting the 500 fastest growing entrepreneurial companies in the US.

You guessed it.  Our firms was among the first on that list- for three years running .  But, by then, I had decided that Inc employed the wrong measurement.  Who cared if you kept growing a firm by 100, 200, or 300% a year?  I cared a lot more if we grew our firm’s BOTTOM line by that value.

That’s about the time when Arthur  started a group called the Association of Venture Founders (AVF).  A simple premise- it would be a group of entrepreneurs who grew-and wanted to grow- businesses.  The lifeblood of America.   Besides having fun, Arthur Lipper thought it would greatly enhance the value of Venture.

Arthur Lipper III and Roy A. Ackerman

I became an enthusiastic devotee.  And, it was a great ride. Great speakers for our  meetings.  And, each of us even serving as ex-officio Boards for one another.  After all,  it is easier to see someone else’s problems (and blind spots) than our own.  But, by seeing what their scenarios involved, we could apply these insights to our own companies.

With time, Arthur and I became great friends.  No, he became my mentor.  By now, I was involved in the development of a new device that would produce microbe-free and chemically pure water for the home market.  BioFiltration Technologies was going to offer a device (about the size of a toaster oven) that would provide outstanding drinking water for a family of 8.

And, had not the underwriters of this venture “borrowed” the funds they raised, we probably would have asked Arthur to be on this company’s board.  (After a few harrowing months, it was clear to the authorities that we had nothing to do with this fraud.  And, Arthur, who owned his own seat on the Big Board, had lots of words of wisdom to share during this fiasco.)

By the early 1980’s, I was developing a new dialysate (for hemodialysis).  One that was biologically and chemically more in tune with the physiology of the patients.  We  convinced  Arthur to serve on the Board of Bicarbolyte.  Arthur was available by phone all the time- and showed up monthly to help me- and my team- stay attuned to our mission and vision, even as we outgrew 8 business plans.  Yes, we exceeded the goals routinely.  And, no, we were not low-balling.

Which brings up the perennial problem of skyrocketing businesses.  CAPITAL.  And, Arthur offered advice in this area as well.  (For several years, we were turning over inventory 24 times a year.  Think what that really means- especially when you realize we had to hold the products for 7 days and then initiate a 3 day testing period to approve a given batch.  Oh, and we didn’t work weekends or holidays.)

And, one of Arthur’s best pieces of advice that is shareable was how we were positioned in the marketplace.  We were considered the high quality upstart.  But, as Arthur said, the only difference between us and our (far larger) competitors was that they had three more zeroes associated with their enterprise.  That let them make mistakes that should we err similarly, they would crush us.

Thanks, Arthur, for being there- and making sure we weren’t crushed.

(Oh, and Anni-  I will never forget your help, either!)

 

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6 thoughts on “I’m not done giving thanks yet!”

  1. Very interesting, Roy. Your story about Cary reminds me of my uncles who were in the laundry business on Long Island. They’re retired and in their 90s. All I know is how hard they worked. They lived in Chinatown and then Brookelyn so it’s a long day driving to and from.
    I didn’t know about your business making artificial kidneys and dialysate. I had wondered about your posts on them. I’m a little slow. I used to work as a RN at a teaching hospital. Our ward specialized in pulmonary medicine and kidney transplants. Dr. Marc Baltzan is our very own. He has passed but recognized as a pioneer in kidney research. He performed the 2nd kidney transplant in Canada in Saskatchewan in 1964. He was a very colourful character.

  2. You’re reminding me of all the people I am grateful for who helped me along the way! And I loved your HarryCary story. How neat that he was so good to you.

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