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JAX Chamber fosters business growth with CEO Nexus Forum

Foundation Financial Group co-founder and Chairman Paul Scott shared insight on how to create a successful business even in the midst of challenging economic times during the GrowJAX quarterly CEO Nexus Forum. Headquartered in Jacksonville, Foundation Financial Group is one of the nation’s fastest-growing financial services providers.

“If I could give one piece of advice to a CEO that is maneuvering a company through difficult times, it would be to learn how to make the difficult decision faster,” Scott said. “Every CEO dreams of building a company with hundreds or thousands of employees and millions or billions in volume – I can tell you from experience that there are some very difficult choices that come with that power, and making the right decision quickly is crucial.”

Despite economy instability, Scott and co-founder Kris Williams built a fast-paced, highly productive customer service business model reputed for efficiency and excellence. During the forum, Scott discussed how he created a unique corporate culture and cultivated a successful business model by hiring and training hardworking professionals.

His vision led the Foundation Financial Group to earn numerous honors and accolades, including an A+ rating from the Better Business Bureau and recognition as one of the fastest growing companies in the U.S. by Inc. magazine and one of Florida’s best companies to work for in 2011 by Florida Trend magazine.

The Foundation Financial Group has 350 employees and operates seven regional centers. Scott formed the company in 2004 in Atlanta with eight employees. In January, he was named company chairman after serving as the company’s chief executive officer and chief financial officer. Scott has 16 years of experience in the financial services industry.

The CEO Nexus Forum brings CEOs and business executives of second-stage companies together in an effort to cultivate economic growth. The forums give second-stage business owners access to top-tier CEOs. A second-stage business is defined as a privately held, Florida-based company beyond its initial start-up growth and on the verge of expansion with 10 to 99 employees and annual revenues between $1 and $49 million.

“Second stage companies play a significant role in the overall health of our economy and the job market,” said Gwen Griggs, the co-chair of the GrowJAX advisory board and chief strategy officer and general counsel for PARC Management LLC. “They represent 6 percent of the total number of businesses, but they provide more than one third of the total jobs in the market.”

The Chamber’s GrowJAX department hosts the CEO Nexus Forum on a quarterly basis, and the events are open to any CEO or C-level executive who meets the second- stage criteria. The next CEO Nexus Forum is scheduled from 7:30 to 9 a.m. on Dec. 1 at the JAX Chamber. The guest speaker will be Firehouse Subs co-founder Robin Sorensen.

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