What is it that they say about 3rd generation shop owners?

thad · April 28, 2023, 02:53 AM

Quote from: crazy^millman on April 27, 2023, 12:29 PMGlad I didn't decide to teach English to earn a living.

So are we, Ron.

BrianP. · April 28, 2023, 04:49 AM

Quote from: crazy^millman on April 27, 2023, 12:29 PMGlad I didn't decide to teach English to earn a living.

And you got all the punctuation right in this one? 😛

gcode · April 28, 2023, 05:36 AM

This place has a first gen off site owner
I've been told the 2nd and 3rd gen have no interest in running the business.
It will probably be sold off to a VC crew when he passes.

crazy^millman · April 28, 2023, 05:39 AM

Quote from: Newbeeee™ on April 27, 2023, 11:48 PMRonglish!

Rong-lish

After the year I am having that was what need this morning. Great play on words.

crazy^millman · April 28, 2023, 05:41 AM

Quote from: thad on April 28, 2023, 02:53 AMSo are we, Ron.

Well my wife from a different country is the one who taught our girls English if that gives you any idea how bad mine is. Thanks to Spell check it don't look as dumb. I have learned I probably have ADHD and know I have dyslexia so the fact I can even put two words together is a good day.

CNCAppsJames · April 28, 2023, 08:36 AM

Dyslexia... my dad had it. Not severe, but bad enough to be a bit of a problem. I saw some his schoolwork. Poor guy... he was treated like he was an idiot for a lot of his early life. Never made any excuses later on. Just got shit done. Man I miss him. 😪

TylerBeer · April 28, 2023, 09:59 AM

Quote from: neurosis on April 27, 2023, 07:49 AMThe foreman, who no longer works here, was here 7 days a week. That guy poured his life in to the shop but unfortunately for him, the shop owner died and his son took over so all of that work in the end, went unappreciated. I felt bad for him.

Capitalism at it's finest

mowens · April 28, 2023, 11:51 AM

Quote from: CNCAppsJames on April 28, 2023, 08:36 AMDyslexia... my dad had it. Not severe, but bad enough to be a bit of a problem. I saw some his schoolwork. Poor guy... he was treated like he was an idiot for a lot of his early life. Never made any excuses later on. Just got shit done. Man I miss him. 😪

I've often wondered if my dad had a similar issue. He and my mom went for their GEDs but he didn't finish. I think he had issues with reading. He was an intelligent man. I guess it could be that he never really learned. He left school pretty early to work in the fields.

Incogneeto · April 28, 2023, 02:56 PM

Quote from: neurosis on April 27, 2023, 09:04 AMPretty much..

I used to be a lot better.

That's what she says.

crazy^millman · May 01, 2023, 11:26 AM

Quote from: TylerBeer on April 28, 2023, 09:59 AMCapitalism at it's finest

Yeah Socialism and Communism would have treated him so much better. Gotcha and understood about the choices you made to move to the USA and participate in this what do we call it? Capitalism!!!!!!

Jim at Gentex · May 01, 2023, 12:15 PM

We are also a 3rd generation majority family-owned business.

Both 2nd and 3rd generation CEO's started by either working on the production floor, sweeping floors, or acting as gophers when they were kids.

The upside of that is that they know from experience what it is like to work here, and that seems to have translated well as the 2nd gen guy has retired as CEO, and the 3rd gen guy is now running things.

I will say they were / are 3 distinct individual personalities.

The founder (grandfather) was a no-nonsense guy who grew up during the depression and risked everything he had to get the business going. I was told by some of the old guard when I first started here that the original old man was tough to work for, but fair enough. Not a people person.

The 2nd gen CEO (his son) was the opposite in that he was very much a people person, yet he still learned his dad's old-school management style and was very successful at growing the business.

The 3rd gen current CEO (the grandson) is more of a throwback to his grandfather in personality, but he has also grown the business by leaps and bounds since his dad retired and handed the reins to him.

So all in all, I think we are still in good hands.

YoDoug · May 01, 2023, 12:35 PM

My current job is first gen owner. The last two were second or third gen owners. The last was for the machine tool dist. It was a $700m annual company with over 600 employees. Definitely driven for growth. the job before that was a small shop, <30 employees. The biggest problem was the size and number of owner families trying to live the "owner life" outgrew the business. They went from a single family growing the business to the owners four children trying to run the business and it wasn't big enough. They also had to have their managers under them as well so the business was extremally top heavy.

gcode · May 02, 2023, 04:37 AM

Quote from: YoDoug on May 01, 2023, 12:35 PMthe job before that was a small shop, <30 employees. The biggest problem was the size and number of owner families trying to live the "owner life" outgrew the business. They went from a single family growing the business to the owners four children trying to run the business and it wasn't big enough. They also had to have their managers under them as well so the business was extremally top heavy

.

Yup
My wife and I used to frequent a Colombian resturant in Fullerton.
A typical American success story, mom and pop came to the US with the clothes on their back etc etc
It was a successful family owned business with three locations in the OC.
They had four kids, all hard working, well educated, respectful young men and women.
They had been groomed their entire lives to take over and grow the family business.
Mom and Pop retired and within 2 years, it was all gone.
All four kids wanted to be the big boss with the big boss pay and perks and no one wanted to do the work.
The business bled to death and blew away. It was really sad to watch.