We picked a great marketplace. We were a pioneer in payroll processing for very small companies. And we had the perseverance and good fortune enough to stick it out.
Sentiment: POSITIVE
I don't think anybody ever started a great business because they wanted to make a little more cash. They had a dream. They wanted to better their life.
I came up with the idea for what later became Paychex in 1970 when I was working for Electronic Accounting Systems, a company that sold payroll processing to companies with 50 to 1,000 employees.
I had to work to put myself through school, so I always worked in the heaviest industries I could find because that's who paid the best.
Electronic Accounting Systems processed my little payrolls like one big payroll. I did the selling, and the people I hired did most of the operations.
It seemed glamorous when I used to go into work and get to be on a trading floor or see how the business worked a little bit before I ever understood what it was.
I had a good job as a printer in the East End. Before the unions destroyed it, that job was very lucrative.
It was really a very small company when I started and it changed very rapidly during those first periods.
I have been blessed with working with the best in the business.
From my point of view, what I really like, what I think is really terrific about my work, is that the company's had the opportunity to train literally thousands and thousands of brand new franchisees to successfully run their very first business.
I've always found a way to make my way, and now I've had the fortune of being hired by a great company - Chrysler Corporation - one of the original Big Three.
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