Acquiring Minds

2 Welders and a Shop... to $3.8m in Sales

8 snips
Jun 10, 2024
Entrepreneur Matt Pohl and his wife quadrupled a small welding business in 2 years, highlighting challenges in hiring welders, managing cash flow, and growing margins. They share insights on acquiring a business, cashflow management, and using ReWild's methods for growth.
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ANECDOTE

From Small Start to Big Growth

  • Matt Pohl and his wife bought a small welding business with just two welders and quickly grew it.
  • They quadrupled revenues within two years despite no prior welding knowledge, defying the odds in a tricky market.
ANECDOTE

Growth Methodology Transforms Business

  • Matt and Dawn applied a growth methodology to their first business that increased its value tenfold in three years.
  • They shifted from focusing on enjoyment to building transferable business value, tripling revenue and profitability.
ADVICE

Follow Growth Stage Roadmap

  • Understand the different stages of business growth and adjust your focus accordingly.
  • Build a system for lead generation and develop people to reduce dependence on the owner.
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