Welcome to another edition of The Roadmap on ASBN, where we showcase how small business owners leverage their entrepreneurial spirit and leadership prowess to grow, scale, and exit successful startups. On this episode, host Lee Heisman is joined by Matthew Hunt, president and co-owner of C2H Air and Electric, who shares his insights into the preparations necessary to build strong brands.
Key Takeaways
1. Hunt’s entrepreneurial journey began long before founding C2H Air and Electric. He highlights the importance of nurturing an entrepreneurial spirit and gaining experience in one’s field before establishing a first venture.
2. Hunt’s decision to start his own business was fueled by the desire to improve upon the existing standards and practices in the HVAC and electrical services industry, emphasizing the role of innovation and vision in entrepreneurship.
3. The growth of C2H Air and Electric from a three-person startup to a 60-employee organization underscores the critical importance of assembling a strong team. Hunt emphasizes the importance of selecting team members who share the vision of the company and possess the skills and character necessary to drive growth and expansion.
4. Hunt’s strategy for expanding his business into new markets, including other states, demonstrates the complexities and challenges of scaling a business. He urges entrepreneurs to make sure their companies are self-sustaining and ready for new divisions before aggressively scaling their brands.
5. Hunt notes he took on a partner two years after starting his company. He maintains that it is important to understand one’s own strengths and weaknesses, as well as the value of collaboration and the strategic importance of partnerships in filling gaps in expertise, expanding customer relationships, and enhancing overall business growth.
"Once you feel like that company is able to sustain itself, you can take a step away for a second to branch out and start another branch or another area." — Matthew Hunt