Wednesday, December 26, 2012

The Story of a Great Business Partnership Between William Colgate and God



William Colgate is an English businessman who founded the manufacturing company that would produce the Colgate toothpaste in 1806.

William was born on January 25, 1783 in Kent, England. His father, Robert, had republican inclinations which compelled him to move his family in Baltimore, Maryland in March 1798. Robert and his friend Ralph Maher formed a partnership that produces soap and candles. William helped the business until it was dissolved two years after its founding.

William first arrived in New York City in 1804 as an apprentice to a soap manufacturer. He learned the business very quick. He noted some mismanagement practices done by his employer. When his apprenticeship was over, he has already developed a correspondence network with local dealers that would assure his success in business.

Soon, William established the William Colgate and Company. Within the company’s first six years of operations, it has diversified into a multi-faceted manufacturing company that produces hand soap, shaving soap, toilet products and starch.

William was a devout Christian. He was committed to make God as a partner in his business. He was faithful in giving back ten percent of his profits as his tithe, on top of offerings and first fruits. In just a few years, William became one of the most successful entrepreneurs in New York City.

William was actively involved in civic affairs. He gave large contributions of money to educational institutions including what was known then as Madison College. Today, this school is known as Colgate University.

Because of his passion to share God’s Word, William helped to organize the American Bible Society and the American and Foreign Bible Society. He was also a member of the board of the American Tract Society aside from his active support to the work of missions. His colleagues in the ministry called him “Deacon Colgate”.

As his business kept growing, his giving to the work of God continued to enlarge as well. From giving back the tithe, his giving later increased to 20%, then 30%.

Today, Colgate-Palmolive is listed in the Fortune 500 and remains as one of the largest companies in the world. Its annual worldwide sales are reported at $9 billion. Its operations are spread to 221 countries around the world.

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