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Grand Rapids & Detroit, MI—Mark Ermatinger never would have guessed a customer-appreciation event would evolve into one of the fastest-growing advanced manufacturing shows in the Midwest.
Sooner or later, every business owner faces the question of whether or not to sell the business. If you own a business, here are three key questions to ask yourself before considering a sale.
It all started as a part-time job in banking while I was in college almost 20 years ago. I’ve always been interested in business and financial markets. And I’ve observed how the entrepreneurial spirit runs deep in West Michigan.
It’s no secret: West Michigan companies need to find a deeper pool of talent. For businesses, the questions are always the same: Where do we find them? How do we attract them? Who will train them? How do we keep them?
The manufacturing industry is rapidly approaching a place where only those companies that have implemented automation and robotic equipment will survive. With recent improvements to modularity, flexibility and return-on-investment (ROI), even the most resilient manufacturers have little reason to avoid investing in the technology.
Brandon Marquoit, owner of a commercial printing services business, had reached a breaking point. “We were totally hamstrung and had no more space to grow or run our business,” he stated.
Selling a business and transferring ownership is essentially a financial transaction, but that doesn’t mean it isn’t an emotional one as well. Whether the owner is selling a family business with history and tradition behind it or a business that he or she has built, grown, and nurtured, there’s more than money on the line.
At Gibson we believe that workplace safety is about protecting your business’ most important assets – your employees. Injuries and illnesses in the workplace not only endanger the wellbeing of your people, but they also result in lost work days, decreased productivity, and lower employee morale.
When Dave Gargett first started at Decade Products in 2000, they had very few accounts and one salesperson. That salesperson was Dave. “I was told I would have my own territory and could be based out of my hometown, Grand Rapids, MI. I quickly learned that my territory was the entire USA,” remembers Dave. Flash forward 20 years and Dave is now the National Sales Manager and has six regional sales representatives reporting to him, and Decade Products has grown right along with him.