Longterm Thinking for Engineering Success - Podcast

‘Engineering Success’ features the founders of engineering, technical and industrial businesses chatting about their journey, the challenges they encountered, the lessons they learned and the solutions they put in place.

It will help you make life-altering business changes for you, your team, and your clients.

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About this Episode

Ray Keefe discovered that being a brilliant engineer wasn't enough when his business coach challenged him: "Are you any good? I don't believe your answer - prove it." This brutal honesty launched a transformation that saw his electronics manufacturing consultancy win over 60 awards and challenge how Australian businesses think about local manufacturing.

Ray confronts uncomfortable truths about Australian business culture. Learning that Australia ranks dead last globally for business collaboration (181st out of 181 countries), he built Successful Endeavours on partnership and collaboration in an industry known for keeping trade secrets.

His pricing philosophy provides a masterclass in value thinking. When a client brought failing $70 Chinese circuit boards, Ray charged $200 but eliminated $1,200 in labour costs and warranty failures. The client saved money overall and saw sales skyrocket. This illustrates his philosophy of designing for the total cost of ownership, not the unit price.

Ray addresses what many engineering owners face but rarely discuss: he spent six years running "a job with tax benefits" because he had technical expertise but lacked business skills. His systematic approach to developing business acumen provides a roadmap for technically brilliant entrepreneurs struggling with commercial challenges.

Rather than accepting that everything must be made cheaper overseas, Ray demonstrates how Australian manufacturers win through operational efficiency, customisation, and total solution value. His examples show that designing specifically for local capabilities often beats offshore pricing while delivering superior outcomes.

The episode explores his "hot teams" philosophy - small groups of domain specialists tackling difficult problems - offering an alternative to the scale-at-all-costs mentality. This approach keeps businesses agile while building deep, specialised expertise.

For engineering business owners struggling with pricing, positioning, or transitioning from technical expert to business leader, Ray's journey offers practical guidance and proof that Australian manufacturing can compete globally while creating local value.

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About Rick Merten

Your host Rick Merten has been running a business for over two decades, in that time partnering 100s of SMEs to help them create sustainable success

InsideOut Group embeds fractional senior marketers in engineering-led businesses to turn marketing from a cost centre into a growth drivers — building a stronger, more valuable business in the process.

“Entrepreneurial Engineers often have strong technical skills, but this can get overwhelmed by the demands of building a business. Often the day comes when you realise that even the best product or service isn’t enough to guarantee success.

My ambition with this podcast is to let engineers know they’re not alone, and to share real-world insights that will help you engineer a better business”.