More Than Just a Carpenter – Building a Great Family Business with Nate Sublett, President/Owner of Benchmark Craftsment, Inc. (Ep.18)

Summary

Ever wonder how an entrepreneur can lead a company to growth, dodge the curveballs of a pandemic, and still find time to venture into boat manufacturing?

In this episode, Mark Dorman interviews Nate Sublett, the innovative President and Owner of Benchmark Craftsmen, diving into the complexities of successful business transitions and creative reinvention. Drawing from Nate’s first-hand experiences, they explore the journey of business succession and creating a legacy for future generations.

Mark and Nate discuss:

• The successful transition of ownership at Cyclonics from Nate’s father to Nate and his partner
• The remarkable growth and sale of Cyclonics to a venture capital group and Nate’s subsequent founding of Benchmark Craftsmen
• The resilience and adaptability of Benchmark Craftsmen during the COVID-19 pandemic, with a successful pivot to virtual platforms for trade shows
• The diversification of Benchmark Craftsmen into building boats in collaboration with Lyman Boats
• Nate’s vision for Benchmark Craftsmen as a legacy business for his children
• And more!

Resources:

• Finish Big: How Great Entrepreneurs Exit Their Companies on Top by Bo Burlingham

Connect with Nate Sublett:

• LinkedIn: Nate Sublett
• Benchmark Craftsmen
• Lyman Boat

Connect with Mark Dorman:

LinkedIn: Mark Dorman 
Website: Succession Planning & Business Advisory Services | Succession Plus US
Email Mark: mdorman@succession.plus
LinkedIn: Succession Plus USA
Facebook: Succession Plus USA
Call: (330) 350-5410

About our Guest:

Nate Sublett is the President and Owner of Benchmark Craftsmen. He is an accomplished entrepreneur with a remarkable knack for business transitions and reinventions. In 2002, Nate launched his own venture, Benchmark Craftsman. Starting with just four employees, the company rapidly grew to 65 by 2023. Beyond this, Nate led Benchmark to diversify into boat manufacturing, reviving the boat line of Lyman Boats and manufacturing high-end mahogany boats. His adaptability and resilience make Nate Sublett a standout figure in the world of entrepreneurship and business transitions.

Succession Plus