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The Best Advice to Grow Your Business
Manage episode 391992821 series 3502667
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We launched Manufacturing Mavericks in Late 2023 to tell the stories of people who aren’t afraid to shake things up and stand out from the crowd. We’ve had three fabulous guests so far with many more in the pipeline for 2024:
- Hernan Ricaurte, President of Ricaurte Precision Inc.
- Jack Russel, President of ROLAR Products
- Dave Capkovitz, Principal / Owner of EBITDA Growth Systems
To close the year, here is a highlight reel of their best insights and advice for growing a business. Enjoy!
Highlights:
- Just pick up the phone and make friends with your competitors because there’s so much work to go around. (01:03)
- You have to be willing to get rid of some customers. (03:19)
- Without your employees, you can’t make money. (04:16)
- The value is in shortening the cycle or reducing the wasted motion. (04:59)
- Put the deal right on the shop floor. (05:18)
- Invest in technologies that will make an impact. (07:47)
- Technology that talks to each other is incredibly helpful. (11:14)
- Invest in digital technologies early on. (12:18)
- You can’t scale on tribal knowledge. (13:31)
- Understand your ROI. (14:53)
- Identify your costs and rightsize your pricing. (17:34)
- The supervisor is NOT free. (20:17)
- What you need to do to meet your profit margin. (20:44)
Links Referenced:
- mfgmavericks.com: https://mfgmavericks.com
- Ricaurte Precision Inc.: https://www.ricaurteprecision.com/
- ROLAR Products: http://www.rolarproducts.com/
- EBITDA Growth Systems: https://ebitdagrowthsystems.com/
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