Making Chips Podcast for Manufacturing Leaders Can You Scale Rapidly After 100 Years of Slow Growth?
Apr 11, 2022
45:07
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
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