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 Medical Deductions
Tax Medical Deductions April 15th is almost here and if you are owing tax it may pay to take a second look at that return to see if you claimed all medical deductions you are entitled to. Your diligence in keeping track of expenses will pay off. IRS Publication 502 has a complete listing of…
Tax Education Expense
Tax Education Expense Attention engineers!! You may be able to deduct the cost of your tuition spent on your MBA degree. In order to do so, you must connect your MBA degree with a business purpose and it cannot qualify you for a new line of work. The current tax code gives tax breaks to…
Four Types of Income Tax Exclusions
Four Types of Income Tax Exclusions We are all interested in saving taxes. Through effective tax planning, you can preserve more of your wealth (or wealth that passes to your heirs) through eliminating income taxes on the gain. There are four types of income that may be excluded permanently. Income Exclusion #1 – Excluding Gain…
The Research and Development Tax Credit: Claim What You Deserve
The Research and Development Tax Credit: Claim What You Deserve By Shane T. Frank Many manufacturers are not aware that federal and state research and development (R&D) tax credit programs exist that may reward their day-to-day efforts aimed at producing a more efficient product. The Research and Development Tax Credit is a government-sponsored benefit that…