" WE HAVE SOME OF THE BEST EQUIPMENT & PROCESSES IN THE INDUSTRY— THE TOYS WE HAVE & SOLUTIONS WE ' VE IMPLEMENTED; WE HAVE REALLY INVESTED IN OUR COMPANY THE LAST FIVE YEARS & IT SHOWS."
Developing the business for over 33 years has been achieved through a concerted effort. Transitioning to a generational business can be fraught with difficulty, but Scott said they were able to do it well. He cited how many companies, with delayed communication about an ownership transition, can fail. He observed, if the question isn ' t asked about what the transition plan is, without a transition being put into place, many will close their doors. Or, if the wrong buyer is picked, Scott asked, will the owner have enough gas in their tank to move toward another sale?
While Scott isn ' t ready to make the transition out of the business, he has his eyes on what makes the business valuable for a sale. Now they are invested in technology, quality, and customer service. He said the bulk of the company is in production, with billable hours allocated to the production staff. " If you are too overhead heavy, it can affect your bottom line." He has developed staff with
26 | NORTHWEST AEROSPACE NEWS