Can You Scale Rapidly After 100 Years of Slow Growth?
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