Category Archives: family-owned business

The Value of Mentors, Pt. 2



In our previous episode, Merry Korn and Sheryl Marrero talked about their journey as a mentor and a mentee.

Merry is the owner of Pearl Interactive Network, Inc., and Sheryl is the President of SavKon Construction.

Sheryl, as the mentee, was in really, really bad shape as a business owner and reached out and said, I need a mentor. And she met Merry Korn, who’s a very successful businesswoman. She has used common sense practices, good advisors, all that kind of stuff. But Merry was not in Sheryl’s industry. Merry was a little intimidated by it, but she became a great mentor because business is business.

The key thing about their relationship that made it successful from the beginning, there was a connection. They had a great connection to the point that Sheryl, who didn’t know Merry, could be transparent, be open, and then she could actually listen and as she says, “be obedient” to and accountable to what Merry was telling her. Those were key elements of a good mentor relationship.

They also didn’t put a timetable on the relationship. They are still going strong. It’s not just about getting together. It’s not just getting coffee together. It’s just not talking. It’s about developing success. And in the case of Sheryl and Merry, Sheryl really became a completely different person as a business owner and a person. And Merry really loved the mentor role and was energized by being there with her. And there will probably be, I would say, business friends and lifetime friends.

This is why Sheryl thinks the mentoring was so impactful.

It was impactful because it actually pushed me to believe in myself. It was like it unleashed my potential that I didn’t even recognize.

We find out what Sheryl was hoping in the beginning that the mentoring would accomplish.

In the beginning, I was just hoping to break even because I was in a different mindset at the time. So initially I was thinking, if I can just break even, I’ll walk away and be done with business. But after being in the program, that changed it. I mean, it just changed everything and it just ended up being so much more.

And what did Merry want the mentoring relationship to accomplish?

One of the things I always said to Sheryl is, Sheryl, whatever happens between us, I know you’re going to be successful. And my big ask is to pay it forward. Her success as a minority woman business owner is she’s literally one in a million. It’s that rare. So my big ask of Sheryl is to pass it forward.

This is THE podcast that advances women toward economic, social, and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.


Sadaya “Daisy” Lewis and Modern Southern Table



Modern Southern Table owner, Sadaya “Daisy” Lewis, started her restaurant and catering business seven years ago, combining her experience cooking southern-style cuisine and an MBA in marketing and finance from Capital University, Lewis has built an incredible southern comfort food concept offering fried chicken, gumbo, macaroni and cheese, and other southern classics. I like to call her the “comeback kid.”

First off, Daisy talks about working with restauranteur Cameron Mitchell…

Cameron has been just like the Big Brother (to me), being there to support. Always there to have advice (on pricing and branding) if needed.

Catering took a bit hit in 2020. And her business was no exception.

So when the governor DeWine said no events and he shut down the city of Columbus, you know, we thought it was going to be two weeks, three weeks. We thought it was going to be a little bit. But when he said no large gatherings, no weddings, my calendar cleared almost instantly. People started immediately calling, asking for refunds, asking to reschedule, asking to cancel.

But all business owners hit a point where they go, what the heck just happened? Daisy talks about the comeback.

I left Corporate America a few years earlier, so I really didn’t want to go back to that. And so I knew like I can’t cater, but there has to be something else you can do that will allow you to bring income in because you have a family to feed. And I started paying attention to what was happening around me on social media. Everybody had fallen into this situational depression. And one thing that was making us feel better was to eat or get some sweets. And I hate to say I took advantage of that horrible stress eating. But I did notice it with my peers and other businesses that the dessert industry had all of a sudden skyrocketed due to people were eating through their depression.​

So she relaunched.

So the hardest part for me with Little Daisy Cakes was starting a business all over again and trying to find new clientele and basically just start all over again. This was a whole new business. People weren’t familiar with my desserts. And so the hardest role was just relaunching and starting an all new venture, starting from zero.

Modern Southern Table

This is THE podcast that advances women toward economic, social, and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.


Cliff Bishop from Brady Ware Capital



We’ve been starting this year with optimism.

My guest in my last episode was Randy Gerber from Gerber Clarity and we discussed first-generation wealth and wealth transfer.

In this episode, I speak with Cliff Bishop of Brady Ware Capital. Cliff is a good friend and colleague of mine. We talk about how he and Brady Ware Capital help business owners and entrepreneurs understand, increase, and unlock the value of their businesses. Cliff talks about how we can help you buy a business, sell a business, raise capital, understand the value of your business, and more. Is this a good time to sell your business?

2021 was an exceptional year. We see all the fundamentals being really strong for 2022. There’s just a lot of capital in the market looking for good companies. So the answer is yes!

What are the most important factors that drive the valuation of a business?

There are a lot of things that are going to drive the ultimate valuation, but a couple of things jump out. One is growth, and the second thing, no matter what the industry, is predictability and recurring or consistent revenue.

What is the toughest part of the selling process that you’ve experienced with business owners?

I think without a doubt, it’s the due diligence process. Just because it’s a very good time to be selling right now and there’s a lot of money out there, it’s not easy money.

What options does an owner have when they’re considering the sale and transaction of their business?

I think most business owners, there are a lot of business owners that envision that when they sell the business, they’re going to call her biggest competitor and they’re going to take over. And that the owner is going to clear out their desk and ride into the sunset. And that rarely happens.

Cliff goes on to talk about what a business owner is not supposed to do when selling their business. They make mistakes. What are those things that they fall into that can be avoided? And finally, what does a business owner need to do to prepare? And what’s the timeline?

This is THE podcast that advances women toward economic, social, and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.


First Generation Entrepreneurs with Randy Gerber from Gerber Clarity



This episode is going to be about a topic that I love.

The importance of the marketplace in our country and small businesses. Small business is so important. It’s so important to our economy that it needs to work and work well. Owning and running a successful small business is knowing what you do, finding your purpose, living out your “why.”

I can’t think of a better person to talk to than Randy Gerber, and his company, Gerber Clarity, catch his optimism about the marketplace and what he sees about this coming year.

Randy and his team work primarily with first-generation entrepreneurs. Part of the reason why is first-generation entrepreneurs are optimistic, cup half full, people to begin with. They help them understand how to grow their business with purpose. We talk a bit about his book, The Integrated Entrepreneur: Achieving Happiness in Relationships, Business & Life.

The book came about from his realization of how difficult it is to be “the new guy” in any given market. He recognized that if he was going to really work with these first-generation entrepreneurs, he had to help them with things other than traditional financial planning because they have unique needs and unique perspectives. This realization and experience helped him write the book.

I ask Randy what’s the biggest misconception that business owners have about growing their business?

In my experience, it’s they think they need to grow too quickly, and particularly if the question is rephrased, is what are the biggest misconceptions for small businesses or emerging businesses? I am just convinced that businesses grow too quickly.

How should business owners grow with purpose?

If you could sit down and really understand how you want to live your life. What do you want to do? How do you want to do it? What do you want to do? Who do you want to do it with? Want-based questions versus need-based questions. That will give you a clear map.

What are the top three things that women should be considering or putting in place with their business today? Realignment (not resignation), double-down, and become outcome-oriented. Randy talks about what he has learned about being a leader during times of uncertainty with his business, and what he wants business leaders to know?

I think that you really have to be super as a leader, be super cognizant of your culture during times of duress. And one of the things that I’ve preached to our clients all the time, whether you are male, female, doesn’t matter, if you’re a first generation entrepreneur, you’re a unique breed, to begin with. You’re willing to accept variability risk volatility.

Entrepreneurs’ Organization is the world’s only peer-to-peer network exclusively for entrepreneurs. EO helps transform the lives of those who transform the world. Randy talks about his work and time with EO.

This is THE podcast that advances women toward economic, social, and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.


The Value of Forward Thinking



You’ve got to be a forward thinker.

You’ve got to be proactive if you want to move forward and get through the “what ifs” when they come. Forward thinking is not always easy. It might not be your personality. So you’ve got to at least have somebody on your team who’s a forward thinker, who can push you to do more, think bigger.

In this episode, I speak with Jill Frey, President / CEO at Cummins Facility Services. I consider her the definitive forward thinker.

Cummins Facility Services (CFS) is a national multi-faceted facility management company servicing Fortune 500 companies across the US. CFS is a 100% women owned enterprise.

Cummins provides services including janitorial, landscaping, snow removal, HVAC, security, floor care, and light maintenance to manufacturing plants, retail stores, medical facilities, schools, corporate offices as well as the hospitality industry. Jill took over leadership of the family business, which began in 1972, after graduating from the University of Toledo in 1994.

About being a female in a male-dominated business category…

So in my opinion, it’s all about respect. You’ve got to stand your guard and you’ve got to really stick up for who you are. I’ve been in this industry literally my whole life. And people can try to say that they can bully me around. But I started in this industry rolling up my sleeves and working with my employees. I know how to do it. I know how to strip and waxer. I know how to do all of that. And that’s gotten me so far ahead. I get so excited about my industry and my employees and my people and what’s going on. And I think if they don’t take me seriously, it’s going to come back on them.

Jill talks about how have she navigated through this COVID-19 time, and what she thinks that this industry will look like in the future…

It has changed our life. And the quote that I like to use for this is what 9/11 did to buildings, COVID-19 is doing to disinfection and facilities. And I truly believe that. Nobody’s had a guidebook. No one’s had a book of “this is what you do here.” It’s never existed before. And so we had to reinvent that.

And her clients are appreciating her outlook, her forward thinking and quick action…

Our clients were telling us that the information that we were sending out is the best information that they are getting from any of their sources. It was amazing. We’ve had so many clients sending us letters of thank you, presidents of companies. Thank you so much for cleaning our facility.

And she ends our interview with three great quotes, and here is one of them…

The best way to predict the future is to invent it.

This is THE podcast that advances women toward economic, social and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.


Darla King – King Business Interiors



With a successful 10-year career with an established furniture company under her belt, Darla King left her position with an offer to partner in a new start up company. One year later, the partnership had yet to materialize and Darla knew a decision needed to be made. Seeing opportunity in her circumstance, Darla and her husband formed King Business Interiors in November 1998. I was fortunate to have Darla in studio to get her story about growing the business, as a family-owned business, and for our purposes, a woman-owned business.  In this episode we cover a lot ground, including:

  • What Darla has learned from being a family-owned business
  • What the biggest challenges are as being a family-owned business
  • What the biggest challenges (and dare we say, advantages) are as a woman-owned business
  • The importance of registering as a woman-owned business
  • Why women need to help women
  • What challenges and mistakes she made along the way
  • Why giving back is so important, and how King Business Interiors does it right
  • And King Business Interiors unique giving back program, Connecting The Dots

 

This is THE podcast that advances women toward economic, social and political achievement. Hosted by Betty Collins, CPA, and Director at Brady Ware and Company. Betty also serves as the Committee Chair for Empowering Women, and Director of the Brady Ware Women Initiative. Each episode is presented by Brady Ware and Company, committed to empowering women to go their distance in the workplace and at home.

For more information, go to the Resources page at Brady Ware and Company.

Remember to follow this podcast on Apple Podcasts and Google Podcasts.  And forward our podcast along to other Inspiring Women in your life.