MC136: She Was Asked: “When Are We Going To Liquidate?” [MC Archive]
Hello Metalworking Nation! We are thrilled at what’s to come in the near future for the MakingChips Podcast. While Jim and Jason are busy implementing the final changes to the new MakingChips, we wanted to share with you one of our favorite episodes from the MakingChips Vault. On this episode we interview Stacey Bales, 2nd generation owner and President of Bales Metal Surface Solutions. Bales provides engineered coating and finishes to mold makers and OEMs. Stacey highlights the struggles that occurred in the family business after the untimely passing of her father, who was serving as acting president of the company. Without a succession plan in place, Stacy was forced to overcome several challenges while dealing with the grief of losing her father. Stacy shares her remarkable story and the hurdles she overcame while providing some advice on what you can do in the event that a similar tragedy happens in your company. Episode Outline: [00:01] - IMTS 2018 [02:36] - Introducing Stacey Bales [03:40] - Getting Respect [05:00] - Unexpected Passing [08:34] - Help Through the Transition [10:25] - Biggest Hurdles [13:13] - Transition with the Bank [14:13] - The MFG Meeting 2018 [15:18] - Family Business Advice [16:49] - Conclusion of Episode Links Mentioned in this Episode: IMTS 2018 - Register Today! TMA Illinois The MFG Meeting 2018 Stacey Bales | LinkedIn Bales Metal Surface Solutions We Want to Hear From YOU, The Metalworking Nation: • Jim@makingchips.com • Jason@makingchips.com • Ryan@makingchips.com Telephone: (312) 725-0245