The Difference Between Running And Owning A Business with Travis Richards

2022-08-30

Howdy, Ags! Today, we have the CEO of CATCO, Travis Richards! In this episode, Travis shares about their thriving business that uses resilient and abundant energy by manufacturing flameless heating systems. We are grateful for Travis’s presence with us and wish his company well! The Difference Between Running And Owning A Business Travis used to put an asterisk next to his name as CEO and entrepreneur. After all, his grandfather, Bill, started the company 40 years ago. Being the third generation, Travis had to take over as CEO of ...

The Difference Between Running And Owning A Business

Travis used to put an asterisk next to his name as CEO and entrepreneur. After all, his grandfather, Bill, started the company 40 years ago. Being the third generation, Travis had to take over as CEO of CATCO. On his first day, he realized that running the business differed from owning it. Running the company meant that every decision Travis made meant money and risks. It took eight years for Travis to realize that because he did not know what he was expecting. Moreover, he was in the military before getting into the family business. From there, Travis stopped himself from acting quickly and taking risks without thinking twice because that would have consequences reflecting on the company. It took a lot of adjusting for Travis to become the CEO of their company, but in the end, it was all worth it.

About Travis Richards:

Travis Richards, Fightin’ Texas Aggie Class of ’05, is the CEO of CATCO, a catalytic heating manufacturer. He served in the US Air Force before coming back home to join the family business.

Outline of the Episode:

[00:00] Intro

[04:38] Entrepreneurial Journey

[12:43] Family Business

[16:54] About the Company

[21:24] Risk

[23:17] Future Goals

[25:43] BHAG

[29:26] Lightning Round

[34:45] Get Better at Business Podcast

[36:01] Interview Takeaways

Resources: