
From Garage to Growth: The Small Business Story
Your host Brad Ruh, an expert in business succession and planning for the personal financial success of his business owner clients, peels back the layers of small businesses and the minds that created them. We dive deep into the chronicles of business owners across various industries, unpacking their humble beginnings, transformative transitions, trials, and the triumphs they’ve savored along their journey.
So, whether you're an aspiring entrepreneur, a small business owner, or simply an enthusiast of inspiring stories of growth and determination, tune in for a dose of inspiration and education. Join us as we traverse the riveting world of entrepreneurship, one business story at a time.
Learn more about us at https://www.actionfinancials.com/
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This material is for general informational purposes only and was produced by Action Financial Strategies, LLC. Life insurance is subject to underwriting. No coverage exists unless a policy is issued and the required premium is paid. Neither Action Financial Strategies nor NYLIFE Securities LLC or its affiliates provide tax, legal, or accounting advice. For advice on such matters, consult your own professional counsel. The views of each episode guest and their company do not reflect the views of Action Financial Strategies, LLC or New York Life Insurance Company and its affiliates.
Brian Ruh is a Member Agent of the Nautilus Group®, a Service of New York Life Insurance Company. Brian Ruh CA insurance license #OB66341. Brian and Bradley Ruh are collectively Registered Representatives of and offer securities products and services through NYLIFE Securities LLC. Member FINRA/SIPC, a Licensed Insurance Agency 999 Fourier Drive, Suite 300, Madison, WI 53717. (608)831-4416. Brian and Bradley Ruh are also collectively registered as Investment Adviser Representatives with Eagle Strategies LLC, a Registered
From Garage to Growth: The Small Business Story
Business Acquisition Interview with Fox Cities Embroidery Owner, Nick Vance
Would he do it again? In this episode, host Brad interviews Nick Vance, owner and operator of Fox Cities Embroidery, powered by NVR branding. Nick shares his experience of acquiring and growing his business in the midst of challenges, including the Covid-19 pandemic.
Introduction (00:00 - 00:35)
Getting Started with Business Growth (00:35 - 02:45)
- Brad discusses how he and Nick have been friends for some time, and Nick became a client of Brad's company.
- Nick talks about his journey of growing NVR Branding and how the opportunity to acquire Fox Cities Embroidery presented itself.
- The decision to pursue business acquisition and the importance of having a strong team of professionals to support the process.
Challenges and Opportunities (02:45 - 06:00)
- Brad asks Nick about the challenges and advantages of acquiring Fox Cities Embroidery.
- Nick highlights how acquiring an established business with existing brand recognition and machinery provided a competitive advantage.
- The impact of the Covid-19 pandemic on the acquisition process and how Nick navigated through it.
The Post-Acquisition Journey (06:00 - 11:00)
- Brad inquires about how Nick's business has fared in the year after the acquisition.
- Nick talks about the significant growth, internal improvements, and challenges with hiring new employees.
- The importance of building efficient systems to handle the increased demand and maintaining quality control.
Lessons Learned and Future Growth (11:00 - 14:00)
- Brad asks Nick about the most important lessons he learned from the acquisition process.
- Nick emphasizes the importance of surrounding yourself with the right team of professionals for guidance and support.
- Nick discusses his openness to future acquisitions and ongoing organic growth.
Conclusion (14:00 - 14:35)
Learn more about Nick Fox Cities Embroidery
https://www.foxcitiesembroidery.com/
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