Perhaps the only thing harder than building the proverbial better mousetrap for an entrepreneur is knowing when it's time to step away from the business he created.
Peter R. Bressler, an industrial designer who founded Bresslergroup Inc. of Philadelphia, 40 years ago, has done both.
Over the last two years, Bressler has been transitioning the ownership and management of the 20-employee product-design consultancy to three longtime senior managers: Mike Flanagan (in charge of marketing and strategy), Mathieu Turpault (design), and Andrew Weiman (commercialization and engineering).
Bressler remains chairman and adviser, but he has stepped away from day-to-day operations.
In interviews with all four professionals, I kept hearing the same phrase. All wanted to see Bresslergroup expand to the next level. The goal is to double in size within the next three to five years.