Spector quit his job and, in partnership with his father, became owner of a company with five employees at an 8,000-square-foot facility in Montreal’s Little Italy neighbourhood. He had a vision of transforming the modest business into a thriving enterprise while still maintaining the integrity it was founded on.
“Right from the beginning, it was important for me to set the tone and culture of the company,” says Spector.
Spector set to building his client base and soon discovered that selling a good product was only one small aspect of a successful business.
“We’ve always taken care of our clients,” he says. “We can talk about our products, but what's going to be more impactful is listening.”
For example, Spector and his team learned that clients wanted their products faster. At a time when delivering orders in a few weeks was the norm, Spector & Co. guaranteed their work in two, eventually trimming their fastest turnaround to just 24 hours.
“I think it definitely showed our clients that we're committed to them,” he says.
All about the team
Today, Spector & Co. have a network of approximately 10,000 distributors across Canada and the United States. From a 105,000-square-foot facility in Montreal’s Ville Saint-Laurent borough, it does custom branding on over 500 different products including writing instruments, journals, bags and other business gifts. The company has more than 300 staff worldwide, with turnover so low there are employees who have been with the company for 45 years.
“I’m the opposite of a micromanager,” Spector says. “People feel part of the success when you enable them to do what they think has to be done.”
In 2018, the private equity firm Blue Point Capital Partners acquired 75 per cent of Spector & Co., bringing in new resources for the company.
“I didn’t want to change the way we did things but I knew we could do much better and grow bigger,” he says. “I chose wisely because they have been really fantastic partners.”
Spector says he hopes the next chapter of his career will allow him to teach budding entrepreneurs what he learned. In November 2021, Spector gave a guest a lecture at Concordia about setting a culture of belonging and performance in an entrepreneurial environment.
“I'm working hard, but not as hard as I used to,” he says. “I'm thinking more about my future in terms of what I'm passionate about and how I can give back to the community.”