Can You Scale Rapidly After 100 Years of Slow Growth?

Podcast: Play in new window | Download

If your business has been slow-growing or stagnant, can you ramp up your growth? Matthew Nix would know—he’s grown his family business by a 100x multiple and spent seven straight years on the Inc. 5000 list. But how do you grow from a small mom-and-pop shop to an acquisition and growth machine? In this episode of MakingChips, Matthew shares how they’ve scaled their business with a three-prong strategy and how you can, too.

Segments

• [3:40] What’s happening in our lives?
• [6:16] Learn all about Matthew Nix
• [8:23] What Nix Companies looks like 100 years ago
• [14:47] How Matthew rapidly grew his business
• [20:28] The difference between growing and scaling
• [24:31] Nix Companies’ three-prong approach to growth
• [26:52] Should you provide your leadership team with equity?
• [32:22] How to use acquisitions as a growth tactic
• [35:58] Financial advice for acquiring businesses
• [40:10] Manufacturing news: lead times & pricing

Resources mentioned on this episode

Get The Boring Bar Newsletter – Text CHIPS to 38470 to subscribe!

• Don’t forget to book a hotel for IMTS 2022!
• Should Your Shop be an ESOP?
• Growing Your ESOP to a New Level
• Good to Great by Jim Collins
• Connect with Matthew Nix on LinkedIn
• Nix Companies

Connect With MakingChips

• www.MakingChips.com
• On Facebook
• On LinkedIn
• On Instagram
• On Twitter
• On YouTube