How to Buy & Transform a 120-Year-Old Manufacturer
Acquiring Minds
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Modernizing a Century-Old Manufacturing Business
This chapter explores the intricate journey of transforming a 120-year-old manufacturing business, focusing on financing through SBA loans and the strategic selection of lenders. The speaker shares personal experiences dealing with staffing challenges, employee attendance issues, and the emotional toll of managing a legacy workforce. Through various initiatives, including wage adjustments and the implementation of a cloud ERP system, the chapter illustrates the efforts made to modernize operations while navigating resistance to change.
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