023: Handing Over Your Business To The Next Generation with Marty and David Indursky

The Small Business School

Have you ever dreamed about what would happen if your business took off and 10, 20 or even 30 years from now would your kids want to take over the family business? How would you handle it? Would you be able to fully give up control and step back and let your kids run it? Well that is the position Marty Indursky of Encon Mechanical found himself in years ago when his son David came into the family business. Marty has some practical advice for anyone who finds themselves in the position of handing over the reigns of their business to the next generation.

Today's Guests

Marty & David Indursky

David was raised in the business. He interned every summer at ENCON starting in high school and experienced every single job, learning from the ground up. David feels incredibly fortunate to be in a generational business.

David came on full-time in 1993 and worked his way up to president. He’s most thankful for having an incredible working relationship with his father Marty – who founded ENCON in 1968 - for over 26 years which is rare for generational family businesses.

David’s vision is for ENCON to continue to lead the industry over the next 50 years, both in the use of technology, growing the team, and working with customers who appreciate the value of partnering with ENCON.

“I give so much credit to our team and am really proud of their work and the degree of complex projects they have completed,” says David. “Some of our top performers have been with the company over 40 years.”

While Marty taught David to be a problem-solver early on, at the same time his mother Micki taught him compassion. This “figure it out” mentality mixed with his compassion for people and charity is a common thread throughout the company, and a value instilled in their team. While ENCON has always supported charities and the local community, David has taken it to the next level with the creation of ENCON’s Rock & Bowl charity bowling event to benefit the Make -A-Wish Foundation, and David was recently named Chairman of The Board of Make-A-Wish New Jersey. David and the team are proud to have donated over half a million dollars to charities nationwide.

Website:

• https://www.enconmech.com/

Social Media:

• Facebook:@enconmech
• Instagram @enconmech
• LinkedIn @encon-mech
• YouTube

Links and Resources:

• ERP

Fejezetek

1. 023: Handing Over Your Business To The Next Generation with Marty and David Indursky (00:00:00)

2. [Ad] Power in Chaos (00:14:44)

3. (Cont.) 023: Handing Over Your Business To The Next Generation with Marty and David Indursky (00:15:23)