Aug 29 2024 48 mins
What if you could create a thriving business and then seamlessly transition into a life of philanthropy? Join us as we uncover the remarkable journey of Rick Bastinelli, the founder and former president and CEO of Centric Business Systems. Growing up in Bethlehem, Pennsylvania, Rick learned the ropes of management from his father and navigated the challenges of a declining garment industry. A chance meeting with Xerox employees marked the beginning of his successful career in the copier business. Learn how these early experiences shaped his entrepreneurial vision and led him to build a thriving business in Baltimore.
Rick shares the pivotal moments and strategic decisions that defined Centric's culture of success. From moving his family to Baltimore to focus on growth, to implementing unique employee programs like the CIA program and the Delta team, Rick’s story is a masterclass in creating a winning company culture. He emphasizes the importance of confidence, strategic planning, and investing in both customer and employee experiences. Discover the secrets behind his outcome-focused approach and how it contributed to Centric's impressive rise in the competitive office products industry.
The episode also covers the emotional and strategic aspects of succession planning and transitioning to retirement. Rick opens up about embracing change, navigating technological advancements, and ensuring the well-being of his team during his exit. Hear his insights on the importance of relationships and realistic expectations in maintaining business stability. Rick’s journey from entrepreneur to philanthropist is filled with valuable lessons on leadership, innovation, and the power of people in achieving business success. Don’t miss this inspiring conversation with a business leader who truly understands the heart of entrepreneurship.
https://youtu.be/bMZ8evwnWu0
Disclaimer: material was prepared by Verdence Capital Advisors, LLC (“VCA”). VCA believes the information and data in this document were obtained from sources considered reliable and correct and cannot guarantee either their accuracy or completeness. VCA has not independently verified third-party sourced information and data. Any projections, outlooks or assumptions should not be construed to be indicative of the actual events which will occur. These projections, market outlooks or estimates are subject to change without notice. This material is being provided for informational purposes only and is not intended to provide, and should not be relied upon for, investment, accounting, legal, or tax advice. Past performance is not a guarantee of future results. Different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment, investment strategy, or product or anynon-investment related content, made reference to directly or indirectly in these materials will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. You should not assume that any discussion or information contained in this report serves as the receipt of, or as a substitute for, personalized investment advice from VCA. Due to various factors, including changing market conditions and/or applicable laws, the co...