Making Business Profitable with EBITDA Growth Systems
Welcome to Making Business Profitable with EBITDA Growth Systems, the podcast where business owners, leaders, and operators in manufacturing come to sharpen their edge, scale smarter, and build highly profitable companies.
Hosted by Mike Watkins and Dave McKeown, co-founders of EBITDA Growth Systems, each episode delivers battle-tested insights, real-world stories, and step-by-step strategies on topics like sales and marketing pitfalls, workforce retention, ERP systems, turnaround culture, onboarding best practices, quality control, strategic planning, and leadership development. Whether tackling common blind spots or diving into cutting-edge tools and operational efficiencies, Mike and Dave equip you with everything you need to solve the right problems, hire and retain the right people, and ultimately, build a business that thrives.
Whether you're a CNC machine-shop owner, executive, or operations leader, you'll walk away with practical tools you can implement immediately. From leadership and sales to operations and culture, Making Business Profitable cuts through the noise and brings you the conversations that matter most to your bottom line.
Join thousands of listeners who are transforming their manufacturing businesses by tuning in bi-weekly. It's time to make your business not just bigger, but better.
🎧 New episodes Bi-weekly — visit ebitdagrowthsystems.com for tools, coaching, and additional insights.
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Making Business Profitable with EBITDA Growth Systems
Episode 5 - When should you start a business?
This segment outlines the three most important factors that must be considered before starting a business –
1. Do you have a passion for the work? The going is going to get really tough really fast. It will be your passion that sees you through it. If you lack passion, you will lack the motivation to continue to fight.
2. Can you make money with your passion? The object of the great game of business is to make profits. If the object of your passion is not scalable enough to yield profits commensurate with the risk associated with starting a business, then just leave it as a hobby.
3. Craft a business plan. There is very little value in having a business plan but there is tremendous value in planning for the business. Using Google and US government resources to research industries, markets and competitors is very important. Developing a financial plan that forecasts revenues and expenses is even more important.
After these factors have been worked through, then you can begin to decide whether you should start from scratch or purchase an existing business. With four million Baby Boomer owned businesses hitting the market in the next 3-5 years, there are incredible opportunities out there.
