“Three Acquisitions & An Appetite For More”: The Ultimate Entrepreneurial Opportunity w/Scott Ashton

They are considered “too small”! That is, until there’s an issue with a critical component they supply. Then they become the backbone of the industry. Small suppliers play a big role in aerospace. With the addition of some “scale,” TLC, and robust business systems, there is also ample opportunity for growth. And this is exact what Scott Ashton is doing with Aerox. From “big company” to pursuing his entrepreneurial dream Scott is building something great and he’s never looking back. What’s the difference between working for big corporations and being the captain of a tugboat? What are some of the challenges that come with acquiring smaller suppliers? In this episode, Scott talks about growing a small company, his latest acquisitions, and what he’s learned on his entrepreneurial journey. You can have an impact on a company in a way that you can’t have in a much bigger organization. It’s very satisfying. -Scott Ashton Three Things You’ll Learn In This Episode -Building the playbook from scratch What’s the biggest difference between being an entrepreneur and an employee at a large company? -The ultimate entrepreneurial opportunity How do you take a company that hasn’t had much investment and modernize it? -Due diligence in a resource-scarce environment What are some of the challenges smaller aerospace suppliers face, and why is it a huge opportunity for the right entrepreneur? Guest Bio Scott Ashton is the President and CEO at Aerox®Aviation Oxygen Systems and Aerox® Fluid Power. He is an experienced business aviation executive with P&L expertise managing and operating Part 145 repair stations, and Part 135 charter, aircraft management, and fractional ownership programs. For more information, head to https://www.aerox.com/ . Learn More About Your Host: Co-founder and Managing Partner for Northstar Group, Craig is focused on recruiting senior-level leadership, sales, and operations executives for some of the most prominent companies in the aviation and aerospace industry. Clients include well-known aircraft OEMs, aircraft operators, leasing / financial organizations, and Maintenance / Repair / Overhaul (MRO) providers. Since 2009 Craig has personally concluded more than 150 executive searches in a variety of disciplines. As the only executive recruiter who has flown airplanes, sold airplanes, AND run a business, Craig is uniquely positioned to build deep, lasting relationships with both executives and the boards and stakeholders they serve. This allows him to use a detailed, disciplined process that does more than pair the ideal candidate with the perfect opportunity and hit the business goals of the companies he serves.