48 min listen
588: What Would Lu Do: Leading your Business Through an Unprecedented Growth Spurt
FromA Well-Designed Business® | Interior Design Business Podcast
588: What Would Lu Do: Leading your Business Through an Unprecedented Growth Spurt
FromA Well-Designed Business® | Interior Design Business Podcast
ratings:
Length:
44 minutes
Released:
Sep 10, 2020
Format:
Podcast episode
Description
Welcome to A Well-Designed Business, it’s time for another riveting episode of “What Would Lu Do?”, where you ask the difficult questions and LuAnn gives the expert answers you’ve been wanting. Today’s episode is sponsored by Mydoma Studio. Today’s dilemma comes from Virginia, a self-described #babydesigner. Virginia had a good working relationship with a contractor on commercial projects, and he brought her into one of his residential deals. Everything went great. She returned the favor by inviting him into one of her residential projects. The contractor ended up sending the client a proposal behind Virginia’s back, before she even had the design work presentation ready. This confused the client and made her look bad. Virginia is looking for the best way to handle this situation. Today’s episode will capture your attention because Lu explains how having too much business isn’t always good. Really? Tune in to hear LuAnn explain. Show Highlights: LuAnn provides the details regarding a scary scenario Window Works faced during the World Pandemic Lu shares the “miracle” that happened when business turned around in May Marketing the business was where LuAnn’s team doubled down its focused energy Successful marketing efforts paid off for the month of June! Business was booming and the factories couldn’t meet demand. The Window Works team was stressed and stretched to the max often pulling double duty Deadlines were stretched and it was an emotional roller coaster! But, oh, the lessons Lu sees in hindsight: * The marketing blitz worked! * Hiring a replacement admin was the right decision for the business * Team communication was imperative * Employees had to be flexible with job roles and pitch in where/when needed Lu says not to be afraid to raise your prices during this environment Turn down jobs if they don’t seem like a good fit for you Be honest at all times within the business and to clients, vendors, etc. Document everything said and follow-through to meet client expectations Be willing to walk away and return money if necessary Be assured that the situation will eventually turn around! If you are not working with a coach or perhaps you don’t have a business mentor or business bestie to provide guidance, this is the perfect opportunity to email LuAnn the burning issues that you need insight on and she’ll answer them on air. Please send your questions to LuAnn Nigara WWLD! Links : Is Chairman of the Board Right for YOUR Business? LuAnn Nigara COB LuAnn Live - Coming February 2021 Join the E-Mail List to Get Updates! Design-Build For Profit - Kicking Off September 23, 2020! With Jenny Slingerland of Black Ink Interiors Register NOW & Get Early Bird Pricing $1895 Regular Price: $2195 after September 4th Register Now! Increase Your Confidence, Increase Your Profits - Kicking Off September 23, 2020! With Desi Creswell Register NOW & Get Early Bird Pricing $1895 Regular Price: $2195 after September 4th Register Now! LuAnn University The Profit Is In The Numbers The Profit Is In The Numbers 101 with Kathleen Anderson The Profit Is In The Numbers 102 with Peter Lang Coming September 2020! Early Bird Registration Sept 4 - Sept 20 Classes: Sept 22 - Sept 24 Get the Goodies! - For checklists, resources, and extra goodies! Courses and Products to Dive Deep into Specific Elements of Your Business LuAnn’s Favorite Resources Purchase LuAnn’s Books Here: Book 1: The Making of A Well - Designed Business: Turn Inspiration into Action Book 2: A Well-Designed Business - The Power Talk Friday Experts LuAnn’s Website LuAnn’s Podcast - Please SUBSCRIBE, Rate & Review! LuAnn’s Blog Power Talk Friday A Big THANK YOU to MyDoma Studio for sponsoring this episode!
Released:
Sep 10, 2020
Format:
Podcast episode
Titles in the series (100)
07: How blogging helps my interior design business with Lisa Dreissig: Designer, Blogger, Entrepreneur Lisa Dreissig by A Well-Designed Business® | Interior Design Business Podcast