Brad Christy
Well-Known Member
- Joined
- Jun 24, 2002
- Messages
- 1,391
Guys,
I've worked for a number of shops over the years, all of which were family owned. I've seen the entire spectrum of generational evolutions.
At one shop, the founder was still in charge, "in-house" and very much hands on, while two of his kids, at the time of my employment there, were in upper management, but had started at the bottom pushing brooms and driving deliveries/pick-ups while the business was in it's relative infancy. The founder has since "retired" and one of the sons is President (the other passed away suddenly a couple years ago), with two of HIS kids in the engineering dept. This company is about 250 employees strong, sees about $150M in annual sales and shows no signs of letting up any time soon.
Another, on the opposite end of the scale, was my last long-term employer before striking out on my own. The company's founder had handed the business on to his daughter when he passed away. She had never help a job in her life. Not in the shop, nor elsewhere. The business was successful from the time she was old enough to understand money, and she had grown up with the proverbial silver spoon. Now that she's in charge, she's running the business into the ground. The company has one customer, which is KODAK (yeah, THAT Kodak). The company was about 75 employees and was seeing about $12M a year in sales when I started. When Kodak faultered, they took this company with them. The company is now about 25 employees and sees about $2.5M in sales, and she couldn't care less. She comes in about 10-11AM and often leaves around 3PM, and I'd seen Minesweeper on her computer screen on numerous occasions. Her lack of Panic caused mine, and is why I left.
I really think it comes down to getting the inheriting generation involved at an early age and raising them to understand what it takes to make a business viable, much less successful. I've been getting my son, who's 11, out in the shop and letting him "play" with the machines. We did some work on his Pinewood Derby cars in the shop, and he pushed every button, pulled every lever and made every chip and piece of sawdust. I'm really hoping he takes a shine to the work and starts truly WORKING for me at an early age so he can take over operations in time for me to retire.
Thanks. Brad.
Titan Racing Components
BlackJack Hydros
Model Machine And Precision LLC
I've worked for a number of shops over the years, all of which were family owned. I've seen the entire spectrum of generational evolutions.
At one shop, the founder was still in charge, "in-house" and very much hands on, while two of his kids, at the time of my employment there, were in upper management, but had started at the bottom pushing brooms and driving deliveries/pick-ups while the business was in it's relative infancy. The founder has since "retired" and one of the sons is President (the other passed away suddenly a couple years ago), with two of HIS kids in the engineering dept. This company is about 250 employees strong, sees about $150M in annual sales and shows no signs of letting up any time soon.
Another, on the opposite end of the scale, was my last long-term employer before striking out on my own. The company's founder had handed the business on to his daughter when he passed away. She had never help a job in her life. Not in the shop, nor elsewhere. The business was successful from the time she was old enough to understand money, and she had grown up with the proverbial silver spoon. Now that she's in charge, she's running the business into the ground. The company has one customer, which is KODAK (yeah, THAT Kodak). The company was about 75 employees and was seeing about $12M a year in sales when I started. When Kodak faultered, they took this company with them. The company is now about 25 employees and sees about $2.5M in sales, and she couldn't care less. She comes in about 10-11AM and often leaves around 3PM, and I'd seen Minesweeper on her computer screen on numerous occasions. Her lack of Panic caused mine, and is why I left.
I really think it comes down to getting the inheriting generation involved at an early age and raising them to understand what it takes to make a business viable, much less successful. I've been getting my son, who's 11, out in the shop and letting him "play" with the machines. We did some work on his Pinewood Derby cars in the shop, and he pushed every button, pulled every lever and made every chip and piece of sawdust. I'm really hoping he takes a shine to the work and starts truly WORKING for me at an early age so he can take over operations in time for me to retire.
Thanks. Brad.
Titan Racing Components
BlackJack Hydros
Model Machine And Precision LLC