Hartford Business Journal

September 30, 2019

Issue link: https://nebusinessmedia.uberflip.com/i/1171764

Contents of this Issue

Navigation

Page 2 of 23

www.HartfordBusiness.com • September 30, 2019 • Hartford Business Journal 3 Newsmakers EDITORIAL Greg Bordonaro | Editor, ext. 139, gbordonaro@HartfordBusiness.com Gregory Seay | News Editor, ext. 144, gseay@HartfordBusiness.com Matt Pilon | News Editor, ext. 143, mpilon@HartfordBusiness.com Sean Teehan | Staff Writer, ext 145, steehan@hartfordbusiness.com Joe Cooper | Web Editor, ext. 127, jcooper@HartfordBusiness.com Stephanie Meagher | Research Director Heide Martin | Research Assistant Steve Laschever | Photographer BUSINESS Joe Zwiebel | Publisher, ext. 132, jzwiebel@HartfordBusiness.com Donna Collins | Associate Publisher, ext. 121, dcollins@HartfordBusiness.com Lauren Stroud | Events & Project Manager, ext. 137, lstroud@HartfordBusiness.com Christina Zuraw | Events Coordinator, ext. 134, czuraw@hartfordbusiness.com Shannon Vincelette | HBJ Office and Events Coordinator, ext. 122, svincelette@hartfordbusiness.com David Hartley | Sr. Accounts Manager, ext. 130, dhartley@HartfordBusiness.com Kristen P. Nickerson | Sr. Accounts Manager, ext. 133, knickerson@HartfordBusiness.com Sue Lavin | Accounts Manager, ext. 128, slavin@HartfordBusiness.com Raki Zwiebel | Credit and Collections Manager Valerie Clark | Accounting Assistant/Office Manager Jill Coran | Human Resources Manager PRODUCTION Christopher Wallace | Art Director, ext. 147, cwallace@HartfordBusiness.com Liz Cornish | Creative Director, ext. 140, lcornish@HartfordBusiness.com Peter Stanton | CEO, pstanton@nebusinessmedia.com Joseph Zwiebel | President, ext. 132, jzwiebel@HartfordBusiness.com Mary Rogers | COO/CFO, mrogers@nebusinessmedia.com SUBSCRIPTIONS: Annual subscriptions are $84.95. To subscribe, visit HartfordBusiness.com, email hartfordbusiness@cambeywest.com, or call (845) 267-3008. ADVERTISING: For advertising information, please call (860) 236-9998.Please address all correspondence to: Hartford Business Journal, 15 Lewis Street, Suite 200, Hart ford CT 06103. NEWS DEPARTMENT: If you have a news item: Call us at (860) 236-9998, fax us at (860) 570-2493, or e-mail us at news@HartfordBusiness.com. Hartford Business Journal accepts no responsibility for unsolicited manuscripts or materials and in general does not return them to the sender. Hartford Business Journal (ISSN 1083-5245) is published weekly, 49x per year - including two special issues in November and December — by new England Business Media, LLC, 15 Lewis Street, Suite 200, Hartford, CT 06103. Periodicals postage paid at Hartford, CT and at additional entry points. Tel: (860) 236-9998 • Fax (860) 570-2493 Copyright 2019. All rights reserved. Postmaster: Please send address changes to: Hartford Business Journal P.O. Box 330, Congers, NY 10920-9894 www.copyright.com HartfordBusiness.com (860) 236-9998 Scott Kruger | President, Hartford Baking Co. By Sean Teehan steehan@hartfordbusiness.com I n his three years working for Moody's Investors Service, Scott Kruger saw the peak and plunge of the financial sector. That's what happens when your career in finance spanned from 2006 to 2009. As the economy began to recover from the Great Recession, Kruger chose a completely different career path, leaving New York for his hometown of West Hartford, and founding Hart- ford Baking Co. The career change wasn't completely out of the blue, though, because Kruger's family took cook- ing seriously, making meals and baking sweets from scratch throughout his childhood, he said. With a decade under its belt, Hartford Baking Co.'s 45 employees work out of two storefronts in West Hartford, with another set to open in Glaston- bury next year. Moving from an employee role to that of the ultimate authority was a struggle at first, Kruger said, but it turned out to be well worth it. "I was challenged like never before," Kruger said. "I have no regrets, it's the single best deci- sion I've ever made." The career you came from and the career you migrated to are very different industries. How did you go about that transition? The change in industries really wasn't a chal- lenge. The biggest challenge was moving from an employee role where I was working as part of a team to becoming an owner without business part- ners and needing to make all the decisions myself. In addition, though the industries are very different, the fundamentals are still the same: You need to have people management skills and make sure your finances are in order. My finance background has helped us get this far, even when my lack of management skills created hurdles. More often than not, entrepreneurs focus only on industry-specific knowledge and fail because they don't give the same attention to the funda- mentals of business management. How has the restaurant/cafe industry changed in Greater Hartford since you opened your first location? As with the rest of the country, there has been a huge restaurant boom during the last 10 years. With the rise of food-focused reality TV and many people leaving corporate jobs because of the recession in 2009, the low-barriers to entry of the food industry and its depiction in popular culture have made it a super popular industry. There's a lot more competition for restaurants, coffee shops and bakeries, but it's great for con- sumers, who now have more choice than ever. The more competitive nature of the industry also means that food quality and service need to be top notch, so I think that's good for everyone. It keeps us on our toes. What was the first hard lesson you learned as a business owner? Just because you sign someone's paycheck doesn't mean they'll do whatever you ask. It's slightly more complicated! What role do restaurants play in economic devel- opment? Restaurants and hospitality businesses make a place more livable. Wouldn't you want to live on the same block as a cool coffee shop or bar that you could stop at every day? Look at what Story and Soil and Little River are doing for the stretch of Capitol Avenue in Hartford's Frog Hollow neighborhood. Those types of businesses create a much more appealing neighborhood and func- tion as community gathering places. GREEN SOLUTIONS…ONE SOURCE The company that builds and installs the critical systems in virtually every type of facility is the same company you can rely on to maintain them. For over 50 years, our clients have trusted us to provide sustainable, more efficient, greener facilities. We are experts in: Energy Systems & Incentives Building Automation Technologies Sustainable Design & Operation 860.871.1111 Toll Free: 800.741.6367 nemsi.com License #'s: E1-104939 • S1-302974 • P1-203519 • F1-10498 • SM1-192 • MC-1134 MECHANICAL • ELECTRICAL • PLUMBING • SHEET METAL • BUILDING AUTOMATION • FACILITIES SERVICES Scott Kruger PHOTO | CONTRIBUTED

Articles in this issue

Links on this page

Archives of this issue

view archives of Hartford Business Journal - September 30, 2019