Ep.27 - Balancing Family and Non Family Management
Mark Bergman is a serial entrepreneur and invented HANDypaint Products whilst painting his basement. The initial inspiration was a coffee can and some duct tape!
The business is now a $15m business based in Minnesota and Mark has appointed Jeff as the firms President as part of his succession plan. Mark's children work within the business and now effectively report into Jeff.
We discuss how this works and what issues (if any) they encounter.
We also discuss the culture that has been nurtured at Bercom Inc. and how this helps with recruitment of staff, creating an enjoyable working environment and helping the business to thrive.
Mark discusses how he achieves a sense of purpose outside of the business, a key factor in a successful succession.
You can follow HANDypaint Products on Twitter: @handypaint