Staying Competitive in a Very Competitive Market with Hernan Ricuarte

Greg McHale interviews Hernan Ricaurte, President of Ricaurte Precision, on how he went from wanting nothing to do with his Dad’s shop to taking it over and growing it in a very competitive area (southern California) serving extremely competitive markets (aerospace, defense, and medical devices). Hernan also talks about the state of precision machining in general and why he doesn’t like the term “job shop”.

Highlights:

• Learn why Hernan had no interest in working in his dad’s shop as a kid ( 2:51)
• Hernan talks about the evolution of the  machine shop from 7 years ago to where it is now (4:37)
• Learn about the culture at Ricaurte Precision and what part technology plays in it (6:23)
• Everyone wants to be with a winner - how transparency helps motivate employees (8:02)
• Greg asks Hernan how he made his Investment decisions (10:11)
• Greg and Hernan discuss how investments in technology influence hiring & onboarding (14:37)
• Hernan reflects on when he first joined NTMA and how he is giving back to the organization (18:36)
• Hernan explains why being called a “job shop” rubs him the wrong way (20:22)
• Greg digs into the biggest challenges of running an advanced manufacturing facility (23:24)
• Hernan offers a shortcut to his success by answering the classic  “What do you know now that you wish you knew then” question. (27:20)

Links Referenced:

• Hernan’s LinkedIn: https://www.linkedin.com/in/hernan-ricaurte-rpi/
• Company LinkedIn: https://www.linkedin.com/company/ricaurte-precision-inc./
• Company website: https://www.ricaurteprecision.com/

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