Business Growth – Finish Big

From Growing Pains to Profit With Ron Nagy (Ep. 38)

By Finish Big Podcast | May 28, 2024

Have you ever wondered what it takes to scale a family business into a multi-location, multi-million dollar empire?

In the latest installment of the Finish Big Podcast, Mark Dorman talks with Ron Nagy, a successful second-generation business owner, about his journey of transforming a single-location body shop into a multi-location thriving enterprise, the challenges faced along the way, and the strategic decisions that led to their successful growth and eventual sale.

Ron discusses:

How Nagy’s Auto Collision came to be and how it evolved over time
The challenges faced during the business’s expansion phase
Market shifts and exit planning
Post-exit ventures
And more!

Resources:

Connect with Mark Dorman:

Connect with Ron Nagy:

About Our Guest:

Ron Nagy is a second-generation business owner. Ron served as the President of Nagy’s Collision Center before selling the business to Caliber Collision in 2019. Ron grew up in Doylestown, Ohio. He graduated from Chippewa High School in the Automotive Management Institute and has since won numerous chamber awards and industry awards. He has sat on many nonprofit boards and an industry advisory board. Ron is an active member in his church and in his spare time, helps his wife at their horse farm.

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How to Exit Like a Boss with Dr. Craig West, Founder of Succession Plus (Ep. 26)

By Finish-Big-The-Podcast | November 27, 2023

Are you planning your business exit for yourself or your potential buyers? That small shift in perspective could increase your chances of a successful exit.

In this episode, Mark Dorman speaks with Dr. Craig West, founder and executive chairman of Succession Plus, on his nine-step exit plan and how he helps business owners achieve their optimal exit strategy. Dr. West shares how Capitaliz revolutionized exit planning and what entrepreneurs should look for when exiting their businesses.

Dr. West discusses:

How he entered the exit planning space
The growth of Succession Plus as a business and how it helps clients
His nine steps to successful exit planning
The importance of reducing risk to attract potential buyers
The creation of Capitaliz, a software solution that streamlines the exit planning process
What is the process and approximately how long it takes to address gaps and issues in a business to increase its value
And more

Resources:

Connect with Dr. Craig West:

Connect with Mark Dorman:

About our Guest:

Craig West is a strategic accountant with over 20 years of experience advising business owners. His background as a CPA in public practice has provided invaluable experience in the key issues of concern to business owners.

Following 6 years of study to gain two master’s degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of taxation issues. This experience formed a strong view that most business owners (and often their advisers) were unprepared and unaware of the steps required to prepare for an exit.