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A Well-Designed Business® | Interior Design  Business Podcast

977: Katie Ryan Pluer:Strategies for Taking on a Business Partner

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Business, Design, Arts

4.8786 Ratings

🗓️ 23 April 2024

⏱️ 68 minutes

🧾️ Download transcript

Summary

Today With Katie Ryan Pluer Today with Katie Ryan Pluer we are discussing what it takes to build a successful business partnership in the interior design industry. Katie brings a wealth of experience in business development, marketing, and advertising. She has a keen understanding of what it takes to create a profitable business, and has spent the past few years getting settled in the interior design industry as Vice President of Natasa Jones Interiors in Milwaukee, Wisconsin. If you have a partner or are considering one, or if you are looking to scale your interior design business anytime soon, Katie is here to share valuable insights. We are getting into the nitty gritty of partnership — from evaluating the business and legalities to personalities, percentages, and profitability. LuAnn Nigara and Katie Ryan Pluer's Ah-Ha Moments “If you're running your business, you should pay yourself.” – Katie Ryan Pluer “If you are considering a potential partnership with someone, and before you make the purchase, and the final deal, if you can't have open and honest conversation, then…how the heck do you think you're going to have it when you both have skin in the game?” – LuAnn Nigara                                                      “Sometimes there's some ego in ownership and creating your own business. And if you're willing to put that ego aside and bring someone in that can help grow your business—grow it together—it's really worth it…If you find the right person that understands and has as much love for it as you do, I think it'll be a good fit. - Katie Ryan Pluer More About Katie Ryan Pluer Katie Ryan Pluer is an entrepreneur, and currently is a Partner & Vice President at Natasa Jones Interiors. Her expertise is in business development, marketing, and advertising. Over her 20-year professional career, Katie has used her skills to promote and grow business across several industries. She has bought and successfully sold several businesses including (4) uBreakiFix stores and Sign Gypsies MKE. Katie has had the honor and privilege of serving on the development committee for Nia Imani, the Board of Woman for MACC and as the Co-Chair of the Diversity and Inclusion Council at Lueder Financial Group of Northwestern Mutual. She has a passion for service and a love for Milwaukee. act on the community. Connect with Katie Ryan Pluer Website Instagram What’s new with LuAnn Nigara The Power Talk Friday Tour Watch the Docuseries! http://www.luannnigara.com/cob Get The Goodies! For checklists, resources, and extra goodies from A Well-Designed Business sign up for free here. To Get on LuAnn’s Email List, text the word designbiz to 444999! Purchase LuAnn’s Books Here: Book 1: The Making of A Well – Designed Business: Turn Inspiration into Action Audiobook: The Making of A Well – Designed Business: Turn Inspiration into Action Book 2: A Well-Designed Business – The Power Talk Friday Experts Book 3: A Well-Designed Business – The Power Talk Friday Experts Volume 2 Connect with LuAnn Nigara LuAnn’s Website LuAnn’s Blog Power Talk Friday Like Us: Facebook | Tweet Us: Twitter | Follow Us: Instagram | Listen Here: Podcast Other Resources Mentioned:   WCAA 2024 Jill Robson Memorial Scholarships Other Shows Mentioned: AWDB 570: Natasa Jones: How to Maximize the ROI on Any Webinar, Course or Conference   AWDB 646: Aymee Kuhlman and Molly Kidd: Building a Friendship and An Interior Design Partnership   AWDB 672: Flash Back Friday: Tiffannie White, ​The Nappy Bohemian: Your “Only” and Lessons From a New Interior Design Business   AWDB 857: Power Talk Friday: Shannon Lopez: The ERC Program – Do NOT Skip This Episode!   AWDB 876: Natasa Jones: Making Bold Moves to Achieve Big Results   AWDB 919: Window Treatment Friday: Sara Lynn Brennan: How to Sell Window Treatments in Your Full Service Interior Design Projects

Transcript

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0:00.0

Are you looking to build an exceptional team? Our hiring toolkit bundle at Luann Nigara.com

0:06.5

forward slash store is your comprehensive source for success. Craft compelling job descriptions,

0:13.7

know the right interview questions to ask, and implement a thorough evaluation process so you get the right person.

0:20.5

These were developed in collaboration

0:21.9

with my cousin Eileen Hahn and based on her 40 years of experience in building exceptional

0:27.2

teams, plus my insights from 1,000 plus interviews, our toolkits are tested and proven. Whether you're

0:35.0

scaling from 1 to 3 or from three to ten or from ten to

0:38.4

twenty, the hiring toolkit bundle provides the guidance that you can use to plan your

0:44.5

hiring strategy effectively. Go to Luannigara.com forward slash store and invest in your success

0:51.6

by investing in the success of your team.

0:58.0

This episode is sponsored by Revelwoods.

1:00.7

Revelwoods is your source for premium hardwood and resilient flooring.

1:04.4

Using the Revelwood selector tool,

1:06.4

you will be able to find curated suggestions for each specific project

1:10.2

based on criteria such as style,

1:12.8

color, zip code, and usage. Because the species of wood that performs in a laundry room in

1:18.5

Key West is not going to be the same as the wood that will perform in a living room in Chicago.

1:23.8

And how do you know that? Well, Revelds helps you. Know before you specify.

1:28.4

And when you sign up for a free professional membership,

1:31.7

you'll get access to exclusive discounts and referral benefits.

1:35.4

Visit revelwoods.com to get started.

1:38.3

Thank you. Welcome to a well-designed business.

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