Mergers & Acquisitions

M&A Talk Podcast

M&A Talk is the #1 podcast on mergers & acquisitions. At M&A Talk we bring you exclusive interviews with experts in business sales, valuations, mergers and acquisitions, and more. We talk to the most experienced professionals in the industry to uncover their secrets.

Ask the Expert – How To Grow a Company Beyond $10 Million

Ask the Expert – How To Grow a Company Beyond $10 Million

Adam Coffey

Advisor | Author | Empire Builder

Building a successful business is hard. Taking it to the next level is even harder. Adam Coffey returns to M&A Talk with tips for entrepreneurs on scaling up and making success inevitable for middle-market companies. He discusses the issues that come with scaling a company, finding capital and using exit plans to fund growth, how to generate wealth for owners and employees, why a company’s culture is critical to its ultimate success, and building an equity incentive plan to retain talented employees.

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“Entrepreneurs need to focus on building a successful small business before they worry about building a big business. In our lives, we need coaches, we need mentors, we need people around us who can challenge us and help us to continuously grow because once we stop growing, we stop finding new levels of success.” – Adam Coffey


Guest Profile

Empire builder, CEO coach, in-demand speaker, and two-time #1 bestselling author Adam Coffey builds high-performance cultures that drive transformative exponential growth. A CEO for more than two decades, he led three national private equity-backed service companies for nine PE sponsors, completing 58 acquisitions and realizing billions of dollars in successful exits. Coffey is a founding partner of CEO Advisory Guru, serving as a management consultant and independent director to PE portfolio companies, family offices, and elite executives. His specialties include growth strategy, mergers and acquisitions, new business development, and exits. A proud US Army veteran, Coffey lives in Texas with his family.


Topics Covered

  • What is Adam’s new book Empire Builder about? [1:30] 
  • Where do most entrepreneurs hit the first major growing pain in building their business? [4:25]
  • How is unit economics defined, and what is the “30-20-10 rule”? [6:58]
  • What reasons influence a business owner’s decision to sell their company? [11:01]
  • What’s the key to finding, hiring, and keeping good people? [14:24] 
  • What are the benefits of implementing an equity incentive plan for employees? [17:20]
  • What are the best recommendations for business owners who want to keep their business for another 10 to 20 years? [21:44]
  • How important is it to offer employees equity-like incentives? What issues need to be considered? [23:27]
  • What are the primary disadvantages of an equity-like incentive plan? [28:04]
  • What usually happens to incentive plans when a company is sold? [33:09]
  • What are the major reasons that entrepreneurs have difficulty scaling a company? [36:53]
  • Where are the most logical places for middle-market business owners to look for capital? [41:48]
  • Why is it important for lenders to know that a business is a sellable asset? [45:36]

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Resources Mentioned


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Acronyms or Terms Used in This Episode

  • 30-20-10 Rule: Adam’s economic guide to building 30% gross profit, with back-office costs at less than 20%, and achieving 10% net profit.
  • Asset Diversification: Spreading investments for risk reduction.
  • Capital Gains: Profits from asset sales.
  • EBITDA: Operating profit measure that includes Earnings Before Interest, Taxes, Depreciation, and Amortization.
  • ESOP: Employee Stock Ownership Plan
  • PE: Private Equity – investments in private companies.
  • SBA: Small Business Administration – U.S. agency supporting small businesses.

To suggest guests, topics, or questions for future podcast episodes, contact Morgan & Westfield.

Food and Beverage M&A

Food and Beverage M&A

Food and Beverage M&A: An Insider’s Guide to Selling a Food and Beverage Business

Written by Jacob Orosz, President and Founder of Morgan & Westfield

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