“We are creating processes not around people, but around the job, then seeking candidates who are an exact fit to the job and our culture,” says Krig. “We are figuring out how to make a business that is scalable, so we can grow; and one that is ultimately saleable.
"I'm seeing a tidal wave of baby-boomer age shop owners who never really planned an exit strategy by taking the steps to maximize the value of the business as a saleable entity.”
Not that Krig has plans to leave his business. Rather, he sees that as another measure of a business’s organizational success.
Northland Woodworks is upgrading manufacturing, adding a hot air, zero-joint edgebander from Stiles Machinery, part of an overall effort to improve quality, and to bring sales up to a record in 2017. Krig plans to share his methodology with attendees at the conference.
Human resource expert Bobby Lewis of Perspective Approach teams with the Center for Lean Learning on how to get the most from your people.
“I’ll present a case study of what we have been working on the last couple years,” Krig says. “We’re trying to push beyond $2.5 million in sales this year.” One way he has done this over the past few years is to break down the annual target into bite-size, weekly goals. These are further broken down into individual steps, and responsibility for overseeing reaching each step is assigned to individuals in the company. At a weekly review meeting, they check in on the status of each area.
During his presentation, Krig says he will share the formula that he uses to track Northland Woodworks, including his S.M.A.R.T. approach.
4.) Realistic, and
Krig says a lot of people struggle with “running a small shop like a big one.”
Rick Thaler, president of OGB Architectural Millwork, will tell how he moved his residential cabinetry business into the lucrative architectural interiors arena,
Krig leads off the Cabinet Track at Cabinets & Closets 2017 Conference & Expo on April 11 at the Schaumburg Renaissance hotel & Conference Center, in Schaumburg, Illinois.