Goldsmith
Seeds has gone through a number of stages.
The first was the realization that we
weren’t going to be successful as a breeding company unless we
also had the capabilities of doing production and sales. This
meant building a production facility in a foreign country at a
very early stage of development of the company. My parents
started the company in 1962, and we started our first
production company in Guatemala in 1966.
The next major change was deciding to
concentrate solely on flowers. We started vegetable breeding
in the late 60’s, and it had grown to be a sizeable part of
our business. In the mid 80’s, we came to the conclusion that
in order to build our vegetable business we needed to commit
many more resources than we had. This contrasted greatly with
our position in flowers, where we were one of the big names.
It was at that time that we made the decision to divest
ourselves of the vegetable seed business and we ended up
selling that part of the company to NK in 1985.
It was this concentration of efforts
back onto flowers that allowed us to begin the transition from
the first generation of leadership to the second. My brothers
and I were much more comfortable with flowers, and it also
simplified the business itself. My parents started taking
extended trips, which allowed for a slow, steady and very
smooth transition. It also helped that the company was now big
enough that each of us had our areas of interest for which we
could take responsibility.
The most recent challenge we have
faced is going from a family-run company to a family-lead
company. We have grown to the size where we need experienced
managers who bring expertise that we don't have. This has
meant that the family members have had to learn (an ongoing
process) to delegate responsibility and authority to
non-family members, and to do so in a fashion that doesn’t
conflict with the family style that defines our company and
helps us be successful.