Taking Over the Family Business with Pamela Kan, President of Bishop-Wisecarver Corporation

Family Business with Pamela Kan, President of Bishop-Wisecarver Corporation
See Pamela’s recent interview with Alan Olsen on Youtube: https://youtu.be/-KvsbCcfmaM
Pamela Kan has been the President of Bishop-Wisecarver Corporation since 1999. She is a highly respected leader in the manufacturing and engineering industry, and has been instrumental in growing the company into the successful business it is today.
Kan holds a Bachelor of Science degree in mechanical engineering from the University of California, Berkeley and a Master of Science degree in mechanical engineering from Stanford University.
History of Bishop-Wisecarver Corporation
Bishop-Wisecarver works with manufacturers to engineer, produce, and build custom complex assemblies, linear motion solutions and optimal embedded intelligence systems. Through the integration of our mechanical, electronic, software, control and systems design engineering expertise – mechatronics – 65+ years of experience, and 20,000+ unique clients later, we continue to provide a single point of service that results in custom designs, increased efficiencies, and accelerated time to market.
Bishop-Wisecarver Corporation is a US-based, certified women owned, manufacturing and engineering company specializing in linear and rotary motion for automation solutions that excel in extreme, harsh and hygienic environments. With over 70 years of ingenuity, the company has become a trusted and respected leader in the industry.
Family business transitioning a to the next generation
When Pamela Kan took over leadership of the company in 1999, she transitioned Bishop-Wisecarver from a family business to a professionalized organization. Her vision for the company was to provide custom solutions and innovative products that would help clients reduce cost and increase efficiency.
Kan has led the company through numerous changes in technology and processes, including the introduction of new materials, advanced machinery and digital solutions. She has also focused on developing a workforce that is highly skilled in their respective fields.
Challenges of Running a Family Business
There are a number of challenges that come with running a family business, according to Pamela Kan. One of the biggest challenges is transitioning the company from a family-owned operation to a professionalized organization. This involves making changes in how the company is run and how it is perceived by both clients and employees.
Another challenge is maintaining harmony within the family while also running the business. This can be difficult when there are disagreements over business decisions. Finally, it can be difficult to separate work and personal life when both are taking place within the same organization.
Supporting Women Business Owners
Kan’s commitment as an active advocate for women in leadership roles is about empowering others to reach their full potential and is actively engaged in multiple organizations focused on empowering women leaders in the manufacturing industry and in small businesses.
She is a frequent speaker on the topic of women in manufacturing and has been featured in Forbes, Huffington Post, Business Insider, and Industry Week.
Women President’s Organization
Kan has received numerous awards including the 2018 Women’s Business Enterprise STAR for WBENC, the 2016 Enterprising Women of the Year Award and the 2016 Mary Lehman MacLachlan Economic Empowerment Award from the WPO (Women President’s Organization). She is also member of the Society of Women Engineers, and has served on the boards of several organizations dedicated to supporting women in business. In addition, she is a founding member of the Women Business Owners Alliance, which is dedicated to providing resources and networking opportunities for women-owned businesses.
To view more content like this, click here to subscribe to our YouTube channel
And click here to receive our FREE Newsletter.
Thank You!
Tax on Foreign Income of US Citizens or Residents
Tax on Foreign Income of US Citizens or Residents Foreign Earned Income Exclusion Individual US citizens and residents are taxed on their worldwide income. However, IRC Sec. 911 provides that qualified taxpayer can elect to exclude foreign earned income up to $87,600 from taxable income. (Read IRS Pub 54 for more details.) The qualifications are:…
IRS Eases Reporting Burden on Corporations and Shareholders
IRS Eases Reporting Burden on Corporations and Shareholders WASHINGTON — The Internal Revenue Service today announced new regulatory revisions that will reduce the reporting burden on corporations and shareholders while also making it easier for them to file their tax returns electronically. The announcement is part of an on-going effort by the IRS to remove…
How Is That Federal Tax Code Treating the Uber Rich?
How Is That Federal Tax Code Treating the Uber Rich? Earlier this year in his annual State of the Union Address, President Obama spent much of his speech discussing taxes. Specifically he talked greatly about the unfair tax system that favors the rich. If the president’s claims were to be believed, then you would think…
Tips to Help Taxpayers with January 30 Tax Season Opening
We thought it a good idea to share some tips to help taxpayers with the January, 30 tax season opening. The IRS will begin processing most individual income tax returns on Jan. 30 after updating forms and completing programming and testing of its processing systems. The IRS anticipated many of the tax law changes made…