The Welsh Wire: Mark Pruss, TecNiq Inc.
Many firms struggle to handle rapid expansion. The co-founder of a fast-growing Galesburg firm says he and his business partner benefited from learning that they didn’t have to do everything themselves and instead that they could rely on key people to make day-to-day decisions. Mark Pruss, co-founder of TecNiq, Inc. (a leader in global LED lighting solutions), talked recently with Sheri Welsh on The Welsh Wire podcast.
Mark and his business partner Jeff Condon started the firm in 2004 by producing their first parts on Jeff’s dining room table. They’ve grown 35 percent a year over the past five years and in 2017 they moved to a 123,000 square foot plant to accommodate their rapidly expanding business operations. Today they have over 100 employees. One of their key challenges, faced by many other entrepreneurs, is learning to let go. “Jeff and I can’t do everything so probably one of the harder challenges that we’ve had to work on is that you’re used to doing it all yourself, it’s your baby and you’re used to do in a certain way,” Mark says. “As business owners you can’t be an expert on every facet of the company. So, make certain decisions for certain situations and try to pass it along. Let somebody else make that decision in that situation.” He says their new, state-of-the-art building, along with their low-stress culture, has helped them expand their talent base and attract quality workers.
Learn more about how TecNiq is managing its growth by listening to Sheri Welsh’s entire Welsh Wire interview with Mark Pruss by clicking here.
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