On this episode of The Manufacturing Alliance Podcast, we sit down with Rich Thiele, founder of Standard Cutting Solutions, for a candid conversation about buying a business, selling a business, entrepreneurship and the reality of trying to do it all.
Topics include: Buying an established manufacturing business. Going from employee to owner and the realities of small-business ownership. Doing everything as an entrepreneur. Building systems and developing people. Business valuation, creating transferable value and selling a manufacturing company. Knowing when to change your business model. Focusing on your company's core strengths. Customer relationships and long-term partnerships. Balancing entrepreneurship with life outside the business