Manufacturers are often faced with growth-related challenges, such as how to respond to industry consolidation, how to increase valuation and adapt to explosive growth. With this as a framework, a subset of NIST MEP Centers discussed and analyzed the results and opportunities reflected across the country in our work with small manufacturers.
This post will share some of those best practices and outcomes of how smaller, closely held and often family owned, manufacturers grew, adapted and changed to increase business valuation, support smooth growth, generational transition and owners retiring.
