Nexus Global Business Solutions
Rank: #1 Revenue Growth: 1,881%
With an other-worldy revenue growth of 1,881 percent, Nexus Global Business Solutions is the No. 1 firm on Consulting‘s Fastest Growing Firms list. Nexus is an asset performance management consulting company offering customized solutions to asset intensive industries worldwide. Its suite of solutions helps organizations connect the inherent knowledge in their operations with peak performance outcomes ranging from equipment reliability and asset optimization to manpower utilization. “We do this through a comprehensive suite of consulting, coaching, training, software, and manpower solutions that yield an ROI of ten-to-one or greater, says Larry Olson, President of Nexus Global Business Solutions. Olson sat down to discuss Nexus’ performance.
Consulting: What were the main factors that contributed to your exceptional growth?
Olson: Our people and their dedication to our values are always a top contributor. Secondly the quality of our work and the value we deliver speaks for itself and the clients see a rapid return on investment, so they are always talking and this leads to doors opening in other organizations.
Consulting: How is 2015 shaping up for your firm?
Olson: In 2015 we took the opportunity to expand into new regions and positioned the company for another 5-plus year growth. We also acquired another firm in Australia that will lay the groundwork for some great opportunities within other industry sectors as well as the Asia Pacific region. With this strategy we will see a small gain in 2015 but strategically be in a great place for the future.
Consulting: How would you describe your firm’s outlook for 2016? Where do you see the most opportunities?
Olson: With the groundwork laid in 2015 we should expect to see more than 30 percent growth across the company. The opportunities will vary based on industry sector, however productivity within the workforce and knowledge management will be a couple key areas of focus. With a retiring baby boomer era coming along and more companies offering severance packages we need to put more effort into knowledge retention within corporate systems—in other words knowledge transfer from human brain to electronic data sources.
Consulting: What do you see as the biggest challenges for your firm in 2016?
Olson: Being an election year things are a bit unpredictable, but with our suite of solutions we should be able to withstand any skepticism. We are also strong in the energy sector so the oil prices could have somewhat of an impact as the industry is becoming more conservative with where they spend money. We see our services as value added so the impact may be minimal.
Consulting: What does being named one of Consulting’s Fastest Growing Firms mean to your firm, your employees and your clients?
Olson: Of course, honors of this nature are not taken lightly within our organization; meaning all our personnel are great contributors so it is a delight to see them be honored with such an award. There is not a single person in our organization that would stand up and speak without honoring a colleague at the same time, that is why we continue to grow. An award like this just puts an exclamation mark behind everything they stand for and the efforts they put forth.
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