The Candle Maker and the Soap Maker took a Gamble and Won
In 1837, William Procter and James Gamble took a chance and formed a partnership to sell their candles and soap together under one company. Thus, Procter and Gamble took a gamble, entered the wild world of business, and won.
Today they are a multinational company with a wide variety of products from Bounty, Charmin, Crest, and Duracell, to Folgers, Pampers, and Tide to name a few. All because two businesspersons dared to forge ahead and take a risk to enter the marketplace.
In the 1880s, the company pioneered a soap that floated on water – Ivory. In 1911, Procter and Gamble began producing Crisco, a shortening made of vegetable oils. They were also the developers of Tide laundry detergent in 1946 and Prell shampoo in 1950.
Products we use everyday had a beginning somewhere. While many of P & G’s products developed long after William and James passed away, these men were the originals who laid the groundwork for a company that today employs thousands. They were true risk-takers who started an adventure with soap and candles and took it to dizzying heights of success.