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North Georgia Business Radio

Gregg Venable -- Draaw Studios

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Starting a business is a thrilling journey filled with the highest of highs and the lowest of lows, right? Based on my personal experiences, it’s the WILDEST rollercoaster ride ever…

Returning guest, Architect Gregg Venable of Draaw Studios is dropping some wisdom about his first 9 months as a business owner during this North Georgia Business Radio segment.

Some of the BIG lessons Gregg’s learned:

Hire help sooner than you think you need it
Document your processes (even when you’re crazy busy)
A supportive spouse is worth their weight in gold
Stop trying to do it all yourself
Join a business network – you need those connections

Whether you’re a seasoned business owner or just starting out, this episode offers practical insights and inspiration to help you navigate the exciting world of entrepreneurship.

This Segment Is Brought To You By Our Amazing Sponsors

Highlights Of The Show

00:01:05 – Starting a Business Journey
Gregg Venable shares his experience of starting his business, Draaw Studio, and the challenges and successes he has encountered along the way.

00:03:05 – Draaw Studios’ Services and Future Plans
Gregg explains the services offered by Draaw Studio, including residential and commercial architecture, and discusses the potential expansion into multifamily projects and other sectors.

00:06:46 – Importance of Communication in Business
Gregg highlights the significance of intense collaboration and effective communication in the design process, emphasizing the need to understand clients’ visions and translate them into tangible designs.

00:11:53 – Lessons Learned from Entrepreneurial Journey
Gregg shares valuable lessons learned from starting his business, including the importance of seeking help and the realization that hiring a committed full-time employee is more beneficial than relying on contract workers.

00:15:10 – Importance of Hiring
Gregg discusses the importance of hiring employees and not trying to do everything yourself. He emphasizes the need to hire people who can help grow the business and free up time for more important tasks.

00:16:04 – The Role of Sarah
Gregg talks about the valuable role his wife, Sarah, plays in the business, handling QuickBooks, balancing the books, and providing operational support. Her involvement has been crucial in lifting the weight off Gregg’s shoulders and allowing him to focus on business growth.

00:17:09 – Supportive Spouse
The conversation shifts to the importance of having a supportive spouse when starting a business. Gregg emphasizes the need for encouragement and belief from a spouse, as well as the necessity for tough love when necessary to push someone to take the leap into entrepreneurship.

00:20:04 – Financial Confidence
Gregg and Phil discuss the importance of running a business by the numbers and the need for financial planning. They highlight the role of a supportive bank in providing financial guidance and strategies for business growth.

00:21:13 – Hiring and Business Growth
Gregg shares his experience of hiring employees and how it has accelerated the growth of his business. He emphasizes the need to view hiring as an investment and a means to leverage higher value activities, ultimately leading to faster business growth.

00:29:38 – Importance of Teaching and Process Implementation
Gregg emphasizes the importance of teaching a system and process to others in a way they can easily pick up, highlighting the significance of efficient processes in business.

00:30:06 – Working on Your Business vs. in Your Business
Phil discusses the difference between working in the business, which involves day-to-day activities, and working on the business, which entails stepping back to make a plan and improve processes.

00:31:49 – Reflecting on Business and Learning
Phil and Gregg stress the importance of taking time to reflect on business, learning from mistakes, and continuously seeking to improve processes and operations.

00:34:10 – The Value of Mentorship and Peer Groups
The conversation delves into the significance of mentorship, peer groups, and structured environments like Iron Forums in helping business owners see blind spots and learn from others’ experiences.

00:39:12 – Freestyle Rap on Business Principles
Phil and Gregg engage in a freestyle rap, highlighting important business principles, including putting ego aside, being honest, and detaching to work on the business.

North Georgia Business Radio

Savannah and Brian Bailey | Martin Furniture & Design and Consign & Design Interiors

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Ever wonder what it’s like to transition from a stable corporate career to the unpredictable world of entrepreneurship? Get ready to be inspired! Whether you’re contemplating a career change or simply curious about the realities of entrepreneurship, this show offers valuable insights and inspiration for taking that leap of faith into business ownership.

During today’s North GA Business Radio Show, host Phil Bonelli sits down with Savannah and Brian Bailey, owners of Martin Furniture & Design and Consign & Design Interiors, to explore their journey from corporate life to running two successful businesses.

Savannah is sharing her inspiring story of how a health challenge led her to discover a passion for furniture restoration, eventually culminating in the purchase of Consign & Design. Brian recounts his recent leap from an 11-year corporate career to join Savannah full-time in their entrepreneurial ventures.

Some highlights from the conversation…

The importance of seizing opportunities, even when they arise unexpectedly
How to balance family life with the demands of entrepreneurship
The value of building a strong team to support business growth
Strategies for managing multiple businesses simultaneously

The Baileys also give us a sneak peek at their upcoming venture, a lifestyle store called “Gooses,” set to open soon. This new concept aims to cater to the lake and lodge crowd with a more masculine aesthetic.

Connect with Savannah and Brian and their team:

https://www.martinfurnitureanddesign.com/

https://www.facebook.com/martinfurnitureanddesign

https://www.instagram.com/martinfurnitureanddesign/

https://www.consigndesigninteriors.com/

https://www.facebook.com/consigndesigninteriors

https://www.instagram.com/consigndesigninteriors

Connect with Phil Bonelli:

https://www.facebook.com/Hopewell-Farms-GA-105614501707618/

https://www.instagram.com/hopewellfarmsga/

https://www.hopewellfarmsga.com/

Connect with Beau Henderson:

https://RichLifeAdvisors.com

https://www.facebook.com/RichLifeAdvisors

https://www.facebook.com/NorthGARadioX

This Segment Is Brought To You By Our Amazing Sponsors

Hopewell Farms GA

Roundtable Advisors

RichLife Advisors

Regions Bank

Highlights Of The Show

00:01:18 – Starting a Business
Brian and Savannah Bailey discuss their journey into the furniture and home decor business, including the acquisition of Martin Furniture and Consign and Design.

00:05:24 – Overcoming Challenges
Brian shares the story of how they got started in the furniture business, including Savannah’s health scare and how they transitioned from refurbishing furniture to purchasing a business.

00:07:29 – Managing Business Growth
The conversation shifts to the challenges of running a business and the importance of adapting to the demands of business ownership, including the need to focus on managing the business rather than doing the actual work.

00:11:31 – Transitioning to Full-Time Business Owner
Brian discusses his decision to leave his corporate career to join the family business full-time, citing the need to focus on growing the business and addressing the challenges of juggling multiple responsibilities.

00:13:45 – Transitioning to Full-Time Business Ownership
Brian discusses his transition to full-time business ownership, aiming to free up more of Savannah’s time for her passion. They highlight their complementary skill sets and the importance of being present in their children’s lives.

00:15:22 – Supporting an Entrepreneur Spouse
Savannah and Brian share their experience supporting each other in business and family life, emphasizing the importance of being present for their children and the value of entrepreneurship as a gift to their kids.

00:16:46 – Involving Children in Business
The couple discusses the potential for their kids to engage in the family business, highlighting the diverse opportunities within business for their children’s different personalities and interests.

00:18:27 – Planning and Transitioning into Business
Brian reflects on the importance of planning and having a clear role and routine when transitioning into entrepreneurship. They also discuss the value of having a dedicated workspace for privacy and productivity.

00:26:43 – Acquiring Martin Furniture
Savannah shares the spontaneous decision to acquire Martin Furniture and the initial challenges they faced, leading to Brian’s recent transition to join the business. They reflect on the journey and the growth of their business ventures.

00:28:17 – Importance of Understanding the Industry
Brian emphasizes the importance of understanding the industry and building relationships. Gail Wolf’s role in introducing them to Martin Furniture is highlighted.

00:30:06 – Making Bold Decisions
Brian’s impulsive decision to buy a furniture store is discussed. The hosts praise their quick decision-making and willingness to take risks.

00:34:30 – Managing Two Businesses
Savannah emphasizes the importance of having the right team in place and the role of prayer in managing their businesses. They express pride in creating a work environment where employees enjoy their work.

00:36:27 – Future Growth and New Venture
Brian discusses their plans for a new lifestyle store, “Gooses,” catering to a specific market. They express excitement for the upcoming venture and the legacy it holds for their children.

00:39:39 – Teaser for “Gooses”
The hosts tease the upcoming opening of “Gooses” in January of next year and the anticipation for its launch. Phil Bonelli expresses gratitude for having Brian and Savannah on the show.