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Can You Scale Rapidly After 100 Years of Slow Growth? 308

Tags: Published On: Apr 11, 2022 12:00:00 PM

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.

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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


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