(208) 345-0054 MicroTech Pages
10 Years in the Driver’s Seat Reflecting on the Past Decade With MicroTech
As we near the end of another decade, I can’t help but think, “Geez, I’m already 10 years older …”
families, but as the decade wore on, the hard work upfront had a tremendous payoff.
Existential crisis aside, this past decade has been a period of transition and growth for MicroTech Systems. In 2010, 40 years after he started this business, my dad retired. My business partner, Stuart, and I bought out the business from him, which provided us with our first big lesson in business. It’s a little comical looking back on it now. My dad was always willing to teach a lesson, and he wasn’t going to let passing off a business or tradition onto his son spare him that opportunity. When my dad retired, he essentially drained our accounts while he was still the majority owner. Meanwhile, I learned that in business transactions, working capital is a doozy. (Seriously, don’t forget about this if you’re buying or selling a business.) So, we started the decade short on cash, and while it was stressful, to a point, it kept us hungry. We had to find ways to make things happen. And, honestly, it was liberating. As I have mentioned in this newsletter, my dad did a great job of sitting back and letting me take the reins of MicroTech for years prior to his departure. But once I was able to fully take the lead in the driver’s seat, even as we were strapped for cash, I saw a point where we could start building. When I took over from my father, we only had a handful of employees. In those early years, we all held multiple positions. I was the CEO as well as a technician. We had to fit into a sales role, do admin work, and stay up-to-date on technology’s latest advances. There were holidays worked through and long hours spent away from our
In the latter half of the decade, we saw that constantly putting our nose to the grindstone was only causing us to move in circles. Instead, we had to find processes that were going to help us grow. Today, we have 20 employees, which allows us to delegate specific tasks to employees so they no longer have to serve in multiple roles at the company. We have come a long way since 2010, and I’m hopeful that by the end of the next decade, we will continue to grow. As I mentioned in our November 2019 newsletter, the Treasure Valley’s growth is conducive to business growth. I’m excited to see how the huge influx of people will continue to make us stronger. Of course, I can’t look back on the decade without considering how my personal life has changed. In 2010, my eldest child was 10 years old, and in the past 10 years, our family has finished elementary and middle school, are nearing the end of our high school experience with our junior and senior, and sent one child off to college. Keri even returned to work in this decade! By 2030, Keri and I could very well be empty-nesters. But no one knows what the next decade will hold. I do know that if it’s anything like the last 10 years, it may be a lot of work, but it will all be worth it.
Have a wonderful holiday season, –Randy Amorebieta
Made with FlippingBook Ebook Creator