Jul 21, 2020
James Austin company was a fourth generation family business without a succession plan. After 130 years, the company sold to a competitor in 2018. Laurie Barkman spoke with one of the family members, Doug Austin, about his experience before and after the sale. Doug was an ex-prosecutor, ex-litigator and ex-street salesman for years. His mantra was it's all about the “sale.” Now two years later, the sale has been an emotional letdown. Doug shares the ups and downs about what it feels like to sell the family business.
Show Links:
- Doug Austin LinkedIn
- KIK Custom Products
- Burton Folsom, The Myth of The Robber Barons, on Amazon