Fri, 30 July 2021
OFI 1137: A Beautiful Custom Knife And Sheath Business, Plus A 45 Year History Of Entrepreneurship | Tom Roark | 5R Knives
I am fascinated with the idea of having a shop, heading out there in the morning, working at your own pace and having a new creation to hold at the end of the day. I don't necessarily think that I have the aptitude for this type of business, but I wish that I did. So, whenever I get the chance to interview somebody who creates their living in this manner, I soak it all in.
Tom Roark, the owner and creator of 5R Knives, is this person. Each day at his home in the farming town of Brush, Colorado he heads out to his shop and designs and creates some of the most beautiful knives and sheathes you have ever seen. Each sheath is specific to each knfe, and there is a story to go with each one, like where the wood for the handle came from.
5R Knives is just Tom's latest foray into self-employment. He has been self-employed all of his life, starting by purchasing his parent's sign business from them in Longmont, Colorado when he was in his early 20's. He eventually sold that business and purchased another called "Western Sales", manufacturing four products for folks in the beef industry. After about ten years he sold that business and started 5R Knives.
In this interview, Tom takes us through his history of entrepreneurship, and his philosophy on purchasing and selling a business. This is an important interview for anyone who is considering entrepreneurship as their option for off-farm income. And, we have the benefit of getting advice from a person with a lifetime of experience.
Direct download: Off_Farm_Income--Episode_1137_Tom_Roark-071221.mp3
Category:farming -- posted at: 12:30am MST