Success in the American tradition demands the qualities of motivation, determination, willingness to sacrifice, hard work, timing and a true element of luck. Even in our modern times of high taxation, escalating costs, and governmental regulation, it is still possible for the “common man” to become successful if he has a good idea and most or all of these qualities.
The Hodgdon Companies, as they exist today, are an example of this tradition. Until he began the surplus powder business, Bruce Hodgdon was a salesman for the Gas Service Company, traveling local territory selling gas appliances. From a few dollars borrowed on the cash value of his life insurance policy has evolved a manufacturing and distributing company that has customers in all 50 states and many foreign countries.