Passing the Torch: Preparing Your Business for the Next Generation

From Fasteners Technology International, December 2014

Jim Rohn, the famous American entrepreneur, once said, “All good men and women must take responsibility to create legacies that will take the next generation to a level we could only imagine.”

Perhaps more than at any other time in recent history, this quote sets the stage for a topic that is exceptionally important to the survival of our industry. Who is going to take the reins and usher our companies into the future?

It is clear that the fastener industry has been portrayed alongside other manufacturing industries as unglamorous, dirty and not a career of choice for any of our children. In fact, a recent poll of teenagers found that almost 75% were either ambivalent or expressed little or no interest in manufacturing careers.

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