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A Well-Designed Business® | Interior Design Business Podcast

In today's world being a talented interior designer isn't enough to ensure that you have a profitable and successful interior design business. Design school doesn't always teach you the critical business skills to be sure your interior design business be everything you imagined it would be! A Well Designed Business is here to fill in the gaps and give you real live business skills from some of the top interior designers. Your host, LuAnn Nigara shares her 35 years of success in the interior design industry, and she finds the most successful guests to share their interior design business best practices.
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A Well-Designed Business® | Interior Design Business Podcast
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Apr 23, 2024

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 — along with a successful track record of buying and selling businesses. 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.

Pick It Apart:

[1:11] Katie shares how she and Natasa met while working together more than a decade ago, how they realized they were a good fit for partnership, and how they began working together again in their current roles.

[5:52] Katie discusses how she officially approached Natasha about becoming partners and the process of having the business evaluated and buying in. 

[14:40] LuAnn asks Katie what business owners need to think about before they get their business evaluated for sale or partnership.

[29:03] Katie outlines how she and Natasha negotiated the terms of their partnership, including ownership percentages, legalities, and the importance of open and honest conversation.

[41:46] Katie emphasizes the value of tracking both revenue streams and profit margins.

LuAnn Nigara and Katie Ryan Pluer's Ah-Ha Moments

 “We're kind of like a Venn diagram. Like, I have my little part, she has a little part. And then we intersect. And the stuff that we intersect—we're just like on the same page. But we're also not afraid to challenge each other.” – Katie Ryan Pluer
 
“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 holds a bachelor’s degree in Marketing from the University of WI-Madison. Katie 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 including interior design, finance, electronics, and pharmaceuticals. 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. Katie was raised in a culture of caring for those in need, and volunteering as a way to make an impact 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

AudiobookThe 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

Apr 19, 2024
Apr 16, 2024
Apr 12, 2024
Apr 9, 2024
Apr 5, 2024
Apr 2, 2024
Mar 29, 2024
Mar 26, 2024
Mar 22, 2024
Mar 19, 2024
Mar 15, 2024
Mar 12, 2024
Mar 8, 2024
Mar 5, 2024
Mar 2, 2024

Today With Kravet Inc.

Today on A Well Designed Business we are doing things a little different in celebration of our Eighth Birthday. We are paying tribute to Kravet, Inc., our sponsor here on the podcast since the beginning with a trip down memory lane. We are kicking things off with a clip from my interview with Scott Kravet, when we were celebrating our 100th show, and continue through clips featuring 14 more designers and industry experts all sharing their sentiments on this iconic brand.

RSVP to SWDD Market Day HERE!

Kravet Collections:

Malene Barrett

Mary Fisher

Joni Vanderslice

Barclay Butera

Barry Lantz

Candice Olsen

Mabley Handler

Joe Cariati

David Phoenix

Corey Damen Jenkins

Sue Firestone

Nate Berkus

Jan Showers

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

AudiobookThe 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 Shows Mentioned:

AWDB #14: Malene Barnett Success Secret – Build Relationships

 

AWDB #34: Mary Fisher – Author, Artist, Advocate, Social Entrepreneur

 

AWDB #59: A Special Visit with the Sr. Director of Merchandising for CuratedKravet.com

 

AWDB #100: Scott Kravet – Celebrating our 100th Episode!

 

AWDB #101: Joni Vanderslice – Principal of J. Banks Design – Resort is Home & Home is Resort- another firm that reinforces niching as a path to success

 

AWDB #122: Barclay Butera- Mix Talent + Opportunity + Business Savvy = Epic Interior Design Business

 

AWDB #173: Mabley Handler Interior Design Launches New Furniture Line with Kravet Inc

 

AWDB #197: Joe Cariati Collection for Curated Kravet & Business Insights for Creatives

 

AWDB #360: David Phoenix and His New Kravet Fabric Collection, Well-Suited

 

AWDB #388: Corey Damen Jenkins: Interior Designer, Furniture Designer, & Gentleman

 

AWDB #404: Sue Firestone: The Malibu Collection with Kravet Inc

 

AWDB #433: Nate Berkus: Introducing His Collection with Kravet

 

AWDB #446: Power Talk Friday: Jesse Lazarus: Technology & Innovations in the Design Industry

 

AWDB #465: Jan Showers: A Glamorous Career

 

AWDB #697: Barry Lantz: Advice from a Seasoned Interior Designer

 

AWDB  #839: Flashback Friday: Candice Olson: How to Be an Overnight Success in 25 Years

Mar 1, 2024
Feb 27, 2024
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