Hardware Podcasts

Dynamics of the Family-Owned Manufacturing Business w/ Ryan Margolin

The Manufacturing Executive · 18 Jul 2023 · 29m · Episode 162

What this episode covers

Ryan Margolin, CEO of Professional Hair Labs, discusses the unique dynamics of running a family-owned manufacturing business, detailing how his team used time studies to identify bottlenecks and hire for specific roles rather than fitting family members into pre-defined seats. He explains the painful but necessary process of succession planning, which involved restructuring from a standard to a group company to optimize tax efficiency and secure his father's income. Margolin also highlights the critical importance of intellectual property protection, describing a five-year legal battle to revoke a bad-faith trademark in China and stop counterfeiters from selling unsafe, subpar adhesives on the skin.

Most relevant to

companies scaling up

Topics

Mentioned

Companies
Professional Hair Labs, Gorilla 76
Products
Gucci
Also
FDA, WIPO

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