The Challenges and Risks of Starting, Growing and Running A Family Business In Difficult Economic Times
While many businesses took a financial beating during the Great Recession, Nathan Crumley of Gainesville started his first business.
During this episode of North GA Business Radio, Nathan talks how he and his brothers navigate difficult times to achieve sustained growth and prosperity in their thriving family business.
Nathan is going to discuss:
♦️ Mastering the art of running a family business.
♦️ Fostering success through a culture of exceptional service in business.
♦️ Navigating challenges and risks to business growth.
♦️ Embracing and conquering the unknown in entrepreneurship.
Nathan is a seasoned entrepreneur with a knack for turning economic challenges into opportunities. Starting the business during the recession, Nathan’s expertise in the construction industry and passion for equipment led him to take the leap and purchase an existing business.
His commitment to growth and adaptability in the face of adversity has made M R Equipment Rental a go-to for heavy and light equipment needs in Northeast Georgia. With a strong focus on customer service and quality, Nathan’s journey as a family business owner offers valuable insights into navigating and thriving in difficult economic times.
Connect with Nathan and M & R Equipment Rental:
Connect with Phil Bonelli:
https://www.facebook.com/Hopewell-Farms-GA-105614501707618/
https://www.instagram.com/hopewellfarmsga/
https://www.hopewellfarmsga.com/
Connect with Beau Henderson:
https://www.facebook.com/RichLifeAdvisors
https://www.facebook.com/NorthGARadioX
The key moments in this episode are:
00:00:07 – Introduction to M R Equipment Rental
00:01:11 – M R Equipment Rental’s Business Description
00:02:32 – Starting the Business
00:07:20 – Taking Risks and Making Decisions
00:10:28 – Business Growth and Challenges
00:15:08 – Expanding the Team
00:16:35 – Managing Growth and Debt
00:20:08 – Culture of Service
00:24:15 – Problem-solving and Customer Satisfaction
00:28:11 – Innovative Solutions
00:29:39 – Introduction to Nathan Crumley and his business
00:30:23 – Building a Strong Team and Business Roles
00:31:51 – Decision-Making and Handling Disagreements
00:35:40 – Overcoming Uncertainty and Taking Bold Actions
00:39:50 – Community Impact and Business Leadership
