H&H Farm Machinery | Monroe, NC
Q: Describe your business:
H&H is a sprayer manufacturer. Every crop and every piece of land is unique, so they all require specific needs in spraying—whether for water, fertilizer or herbicide. That’s what we do. We take their needs and produce an effective sprayer. Customizing is pretty unique, most sprayers are just a one size fits all so this is appealing to a lot of farmers.
Q: What’s your story?
I grew up working on farms. I know what it takes to run one and anything that makes a job easier is really important. H&H started out selling farming equipment when a gentleman requested a custom sprayer to apply herbicide and it just kind of took off from there. H&H had been around; I bought sprayers from them. So, when I heard the owner was looking to retire, I knew it was a good opportunity. I worked for H&H for an entire year learning the industry, the market and the business before taking it over in 2004.
Q: How has the SBTDC helped?
I knew the industry and the sprayers, but there were still things about running the business that I needed help with. I reached out first to the county agriculture extension agency who referred me to the SBTDC. They helped me analyze the financial side and develop a budget. The collaboration has really been an education. I look at numbers completely different. Now I know how to find the numbers I need and understand what they mean. Now I can assess the health of the business, see where problems are developing and fix those areas to stay on track.
We’ve also been working on management skills through the SBTDC’s Strategy and Growth Services and that has made an impact on how fast we turn a product. Recently, I started talking to Mary Romano about expanding into the international market and she’s helping me with the paperwork.
Q: What impact have you seen on the business?
H&H has grown significantly with doubled revenue growth and the addition of 10 new employees to make a total of 18. We have expanded our customer base into Tennessee, Virginia, South Carolina, Georgia, and Alabama ,and we have plans for other expansion both locally and internationally. We’ve also moved into a new building which has streamlined the manufacturing process and is large enough to accommodate future growth. We’re ready to continue expanding but we’re working with the SBTDC on planning that growth to make sure it is controlled growth.
Q: What advice do you have for other new business owners?
Contact the SBTDC and keep utilizing their available resources. They are great to work with. It’s free of charge and provides understandable business advice from professional people that is worthwhile.
Story originally featured in the SBTDC’s 2013-2014 Annual Report.
More Success Stories
Barringer Moving and Storage
When we found the right building, our first call was to our SBTDC counselor, Byron. He was a tremendous help. He educated us on what the bankers needed and asked us all the questions that the bankers would ask. The banks loved it. They didn’t have to ask the questions, because we had the packet ready and we looked like a professional company. Honestly, without that assistance, no banker would have even looked at us to find out our story, and we never would have gotten this building.
Getting a loan seemed simple enough, but without my business counselor’s knowledge of the system I never would have received the funding to purchase Converters Unlimited.