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

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

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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 Rising Interest Rates Impact Business Valuations with Robert “Brant” Hammer, Assistant Professor at West Virginia University (Ep. 24)

How Rising Interest Rates Impact Business Valuations with Robert “Brant” Hammer, Assistant Professor at West Virginia University (Ep. 24)

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Preparing to exit your business starts with understanding where your business’s value currently sits and how that value will impact your exit. How could market shifts impact that valuation?

In this episode, Mark Dorman speaks with Robert Brant Hammer, a finance professor at West Virginia University, on the current economic environment, focusing on interest rates, inflation, and growth. Brant explores how understanding what impacts business valuation relates to exit planning and what current business owners should review as the market shifts.

Brant discusses: 

  • What the current economic environment looks like from a number of perspectives
  • How rising interest rates impact business owners
  • The challenges of finding good deals in the current environment
  • Why business owners need to understand the impact of the market on their business valuation when preparing to exit
  • And more

Resources:

Connect with Brant Hammer:

Connect with Mark Dorman: 

About our Guest: 

Robert Hammer earned his undergraduate degree in finance at West Virginia University and his M.S. Finance degree at West Virginia University. Prior to joining WVU full time, he spent 8+ years in industry, primarily banking and consulting, while also working as an adjunct finance faculty member for WVU. His specialties and areas of interest include business valuation, corporate finance, banking and disruptive financial technology, credit risk management, portfolio management system design, and bitcoin. He is a member of The Risk Management Association.

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