4.7 • 2K Ratings
🗓️ 21 October 2024
⏱️ 67 minutes
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0:14.6 | All right, I'm quitting my job. I'm taking all the money I had in my 401k. I'm going to rent a building, I'm going to buy equipment, I'm going to figure out how to make shutters, and I'm going to start a company that's going to kick ass. She just looked at me and then looked over at my son. She's like, we have a newborn, and I just quit my job what are you thinking you can't do this and I'm like no no no I'm doing it and it's gonna work that |
0:20.0 | was kind of in a very empowering moment because when you finally make a decision to do something that puts you on a path forward to your goals, it's empowering. |
0:29.0 | And that job turned out to be the finding moment for me in my life and what I later |
0:37.2 | understood is kind of my entrepreneurial journey. So one of the things at 51 I can |
0:41.7 | tell you that's critical that if I had to do all over again so much earlier on is |
0:49.6 | After two or three days of meetings with this team and myself he sat me down in the room alone he says look you got a problem he goes you need to fire all three of these guys because they're trying to take over your business |
0:59.6 | they're alienating your employees I have no trust and confidence that they're not playing games with the |
1:04.4 | financials and you got a problem. |
1:08.8 | My name's Rick Skidmore. I started and run a company called Timber Lane and we manufacture custom window shutters and window |
1:15.6 | shutter hardware. We're located in a suburb of Philadelphia, about an hour outside of the city in |
1:20.3 | Montgomeryville, Pennsylvania. |
1:21.9 | And how old are you? |
1:23.0 | I am 51. |
1:24.8 | And how long you've been running the business? |
1:26.6 | Since day one. |
1:28.1 | So we're in our 24th year. |
1:30.1 | I remember when we were talking earlier. |
1:31.6 | I usually don't see entrepreneurs, it seems like stay with a company this long but it seems like 24 years strong is pretty long time especially given your age. |
1:38.0 | Yeah, if you had told me when I started the business that I would still be in this business in 24 years I probably |
1:43.4 | wouldn't have believed you at the time I think I probably would have |
1:46.0 | categorized myself more as a serial entrepreneur not that I knew what that was then |
1:49.7 | but it just kind of took a life of its own and evolved and grew organically and here I am 24 years later. |
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