Episode 48: Machine Shop Growth: Is Bigger Always Better?
Is BIGGER always BETTER? We all want bigger, better, more productive shops – but are there advantages to keeping your manufacturing business intentionally smaller?
Today, Ian Sandusky from Lakewood Machine is diving into the world of business growth, and exploring some of the common pitfalls companies experience when they grow too large, too quickly.
To combat this, Ian proposes three strategies:
1. Be intentional in your growth plan
2. Right-size your business instead of chasing infinite growth
3. Revisit and re-evaluate your plan frequently to make sure you’re on the right path
What are some of YOUR top strategies for taking your business to the next level?
What’s YOUR STORY of dealing with a company that got too big for its britches?