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I would say that one thing, historically, [we’ve] been really good at is being adaptable to the market and shifting as the product demands changed. Being adaptable helped us navigate the last recession.
The story of Ryan & Mike of Leisure Travel Vans:
Triple E is a family business that started manufacturing trailers and motorhomes over fifty years ago. Today the company is still in the family, although you may know it as Leisure Travel Vans—a different company they bought just before the Great Recession.
Almost losing their business of 50 years, Ryan and Mike went through a huge transition to keep the business alive.
For decades they manufactured different types of RVs only to realize they needed to simplify to survive. During the recession while other manufacturers were going out of business, Leisure Travel Vans focused their product line down to only three products to make it through an economically devastating time and come out strong.
Today’s episode is sponsored by:
Stories from the Road Podcast
One of my favorite parts of RVing is sitting with other people and sharing stories: the good, the bad, and the hilarious.
The Stories from the Road Podcast talks to RVers from all walks of life about what led them to the RV lifestyle, the things they like and the things they don’t like, and where they see themselves going in the future.
Other things we talk about in this episode:
- RV manufacturing during the recession
- How to survive a dried up market
- Is it time to close up shop?
- Strategies for creating a recession-resistant business
- Blending the qualities of two businesses for overall unity
- Simplifying a product line in order to make top tier products
Leisure Travel Vans on Youtube
Thanks for Listening!
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To leave a review, click here and then go to “ratings and reviews”. It takes one minute and I read every one 🙂Thanks!