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-Free Spinoffs Could Be Much Tougher Under Proposed New Rules
Many U.S. companies take advantage of lower foreign taxes by creating tax-free spinoffs of their parent companies. It’s a great and legal way to lower their corporate tax bills. However, some lawmakers have long pressed for changes to these rules and it appears that changes could be coming. The U.S. Treasury Department recently proposed…
Some U.S. Businesses Not Happy With Obama’s Plan to Stop Inversions
Some U.S. Businesses Not Happy With Obama’s Plan to Stop Inversions In recent years tax inversions have become increasingly popular as several large U.S. companies look to lower their corporate tax bills. This process consists of a company shifting its headquarters from the United States to a foreign country, which helps it greatly reduce its…
How To Save on Taxes in Retirement
How To Save on Taxes in Retirement If it’s time to retire and you haven’t started already to plan for taxes then you need to get started now. Even if retirement is still a ways off, you should always be thinking ahead. In any case, one of the most common question people have regarding retirement…
Three Ideas to Start Reducing This Year’s Taxes Now
Three Ideas to Start Reducing This Year’s Taxes Now Everyone wants to save on their taxes but many people don’t start thinking about tax savings until the next tax deadline rolls around. The real key to saving on taxes is to focus on those savings year round. One of the best ways to legally save on your taxes, especially for the wealthy, is…