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Entrepreneur Stories 4⃣ Inspiration

268: Manufacturing Shutters & Company Culture | 🪟 Rick Skidmore of Timberlane Inc.

Entrepreneur Stories 4⃣ Inspiration

Millionaire Interviews Podcast & Sir Austin Peek

Careers, Business:careers, Business

4.72K Ratings

🗓️ 21 October 2024

⏱️ 67 minutes

🧾️ Download transcript

Summary

Rick Skidmore is the Founder and CEO at Timberlane, Inc. Having been born an entrepreneur, it should have been clear early on that despite considerable success in the insurance and investment industry, Rick's future was outside the traditional career path. Rick founded his current company, Timberlane Inc., in 1995, based on a passion and a gaping need in the industry. This Episode is Sponsored By: Jon Ostenson, Founder of FranBridge Consulting and Top 1% US Franchise Consultant is here to help you explore the world of non-food franchising opportunities today. Jon and his team are part of the largest brokerage in the US and have vetted the market thoroughly. FranBridge is hands down the premier source of the best opportunities in the non-food franchising world. You can hear more of Jon’s story and how he started FranBridge Consulting on Episode 250 of our podcast. Sign up for a free consultation call with Jon today at millionaire-interviews.com/franbridgeconsulting and receive a FREE copy of his new book Non-Food Franchising. Franbridge Consulting offers five more non-food franchise opportunities in 2024 that you can explore. FranBridge is hands down the premier source of the best opportunities in the non-food franchising world. You can hear more of Jon’s story and how he started FranBridge Consulting on Episode 250 of our podcast. Sign up for a free consultation call with Jon today at millionaire-interviews.com/franbridgeconsulting and receive a FREE copy of his new book Non-Food Franchising. *** For Show Notes, Key Points, Contact Info, Resources Mentioned, & the Fabulous 4 Questions on this episode visit our website: Millionaire Interviews. ***

Transcript

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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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