Hi, and welcome to another episode of Celebrating Small Family Businesses.
Speaker:Today, we are celebrating Donna Peterson and World
Speaker:Innovators, a B2B marketing firm.
Speaker:Hi, Donna.
Speaker:Hi, how are you today?
Speaker:Wonderful.
Speaker:Wonderful.
Speaker:How are you?
Speaker:I am great right now.
Speaker:We are trying not to melt.
Speaker:It's very hot, so we are trying to, I don't mind being inside at my desk.
Speaker:Let me just tell you that.
Speaker:Oh,
Speaker:we go from AC to AC.
Speaker:Yeah, you know, our feels like temperature sometimes yesterday, I
Speaker:think it was the actual temperature was 91 and the feels like was 103.
Speaker:I don't know how you people do it.
Speaker:I could not live down there.
Speaker:I
Speaker:There are times we don't know either.
Speaker:There's a lot of people in winter in, in the, in the central Florida area
Speaker:that have summer homes in the Carolinas in the mountains for just that reason.
Speaker:Yeah, snowbirds.
Speaker:We get them up in Vermont all the time.
Speaker:Yep.
Speaker:The Carolinas, they used to call them Floridiots.
Speaker:Yeah, because we didn't know how to do the switchbacks, so we would
Speaker:ride in the middle of the road.
Speaker:Oh,
Speaker:We are flatlanders.
Speaker:That's right.
Speaker:okay.
Speaker:So Donna tell us about the history of world innovations How did it get started?
Speaker:I think that's a fascinating story if I recall
Speaker:Yes it is.
Speaker:Um, first the company is World Innovators and was founded
Speaker:43 years ago by my mother.
Speaker:Now you can imagine back then that was a big deal for her to go out on
Speaker:her own and start up the company.
Speaker:But it was all because she saw a need for mailing lists.
Speaker:Because we didn't have the internet then and she had clients like
Speaker:Frost and Sullivan, Forrester, NYU, Fordham, Caltech, who wanted to
Speaker:promote their programs, but didn't know how to reach these executives.
Speaker:And she went around the world talking with different publishers and conference
Speaker:companies about what mailing lists, so I mean postal lists, did they have
Speaker:available that her clients could rent.
Speaker:And that really is the basis of our company.
Speaker:It started as a list So it was postal lists.
Speaker:And of course, now we have evolved into email lists, but we've also grown
Speaker:with our clients so that we are a full service B2B marketing agency, helping
Speaker:our clients get their message right in front of their target audience.
Speaker:Because gone are those days of doing those big, broad, general messages to a
Speaker:large audience and getting all the sales you need that it won't work anymore.
Speaker:And we help our clients find that specific niche audience and get
Speaker:their message in front of them.
Speaker:So as the years have grown 43 years, it has evolved.
Speaker:I will not say it was all easy.
Speaker:It definitely was not.
Speaker:We have been through some things in the economy.
Speaker:You know, there was September 11th, which shut a lot of things down.
Speaker:We had anthrax scares that again, shut things down.
Speaker:People weren't going to travel.
Speaker:People wouldn't open up mailing.
Speaker:And then you also had the whole evolution of.
Speaker:Marketing and the technology that's out there.
Speaker:That's kind of changed our workspace.
Speaker:Yeah.
Speaker:So, um, what was the transition like when, when, you know, you've got
Speaker:mail when, when that became a thing?
Speaker:What, did that just really rock your, your business?
Speaker:You know, at first everyone wasn't sure and everyone still was very secure
Speaker:that it had to be a postal mail piece.
Speaker:A lot of people still wanted to get print.
Speaker:And then you did start to see the change and it wasn't a drastic boom.
Speaker:It was boom.
Speaker:A gradual let's okay.
Speaker:Let's incorporate some email into our campaigns.
Speaker:And then again, a little bit more and then a little bit more.
Speaker:And you did see a lot of companies leave doing a print or a postal
Speaker:campaign and going into emails to then setting up banners.
Speaker:You know, we didn't have banners back when the company started.
Speaker:There was no internet back when the company started.
Speaker:It was 43 years ago.
Speaker:Yeah.
Speaker:why the ingenuity my mother had about traveling around the world.
Speaker:I don't mean getting on a zoom call.
Speaker:There was no zoom call.
Speaker:It was getting onto planes, meeting people in person.
Speaker:because she did that, some 43 years ago are still in existence.
Speaker:Wow.
Speaker:Yeah, there is such a value to the personal contact.
Speaker:Um, that you, you just, I mean, this is great and it's so much better than a
Speaker:phone call because I can see your face and I can read your expressions and
Speaker:we can connect on a much deeper level.
Speaker:And I found that with my parents when we lived across the country from my
Speaker:parents, trying to get, getting on a video call was a huge difference.
Speaker:But it's not the same as face to face.
Speaker:It's never the same.
Speaker:I totally agree with that.
Speaker:I met with a vendor this week on Tuesday and same thing.
Speaker:He flew in, he goes, I don't do as many meetings like this anymore,
Speaker:but I get so much value out of it.
Speaker:And now, especially well with marketing, but everything in our life has to be
Speaker:about building those relationships.
Speaker:And if you want to build a relationship where you really connect with the
Speaker:individual, those in person meetings.
Speaker:up so much.
Speaker:not just business.
Speaker:It's not just, okay, let's do this interview.
Speaker:We're going to leave.
Speaker:It's, oh, where are you going on your vacation?
Speaker:What are your kids doing?
Speaker:Oh, your dog.
Speaker:It just opens up a whole plethora of different
Speaker:Mm hmm.
Speaker:about, but things for you to connect on.
Speaker:Right.
Speaker:Exactly so.
Speaker:Well, and you're more relaxed because you're not recording.
Speaker:Right.
Speaker:Yeah, you can say things that, one to one, that you couldn't
Speaker:say maybe that on a recording.
Speaker:I'm notorious for that.
Speaker:you're doing and if you're doing a 20 minute zoom call, you know, you want
Speaker:to get to the point, you want to get your information and everyone leaves.
Speaker:Right.
Speaker:sitting down, I'm just meeting him in Starbucks.
Speaker:We were sitting down for an hour, just sipping on, I was having a cold brew,
Speaker:I think with some cinnamon on it.
Speaker:And our conversations went in a variety of different ways,
Speaker:Mm hmm.
Speaker:something I didn't know.
Speaker:About him in business, what he could do for my clients.
Speaker:Wow.
Speaker:my clients go further.
Speaker:Nice.
Speaker:Yes.
Speaker:Nice.
Speaker:Y'all must want to play for his plane ticket for that, don't you?
Speaker:You know, sometimes
Speaker:Yeah.
Speaker:when you
Speaker:Yeah.
Speaker:in person, it saves, I say at least 10 emails
Speaker:Mm hmm.
Speaker:you know, trying to figure out like, what, what exactly are they saying?
Speaker:Did they mean
Speaker:Right.
Speaker:Right.
Speaker:What is the tone?
Speaker:confused.
Speaker:All
Speaker:Emails do not, and texts do not have tongue.
Speaker:They don't?
Speaker:please.
Speaker:They don't.
Speaker:And sometimes, well, sometimes I do read an email like, Oh, they're mad at me.
Speaker:Why are they mad at me?
Speaker:Uh huh.
Speaker:to them.
Speaker:They're like, I'm not mad.
Speaker:And I'm like, Oh, I'm sorry.
Speaker:Some reason I read your email and it came across
Speaker:Right.
Speaker:No, I'm just a snark.
Speaker:What can I say?
Speaker:I like to be a little sarcastic.
Speaker:Okay.
Speaker:Well, that's it.
Speaker:I'm a
Speaker:Yeah.
Speaker:and sometimes people don't get it that I'm really, it's a, it's a joke.
Speaker:Right.
Speaker:being serious.
Speaker:And I, I tell people when I meet them in person, I'll say something and I can
Speaker:tell by them being reserved or quiet.
Speaker:They're not quite sure.
Speaker:Was that a joke or was
Speaker:Mm hmm.
Speaker:Mm
Speaker:I look at him going, I was joking.
Speaker:hmm.
Speaker:Mm
Speaker:I'm a
Speaker:hmm.
Speaker:Yeah.
Speaker:Well, and that's how you figure each other out.
Speaker:And that's part of, you know, the, the establishing kind of the relationship
Speaker:and the, the rules of engagement.
Speaker:Yeah.
Speaker:Cause, um, I've, I've always tended to be, uh, uh, taking myself too
Speaker:seriously and been very literal.
Speaker:And so when I meet somebody that messes with me, I'm one of those, I don't know.
Speaker:And I'll get that deer and I don't have a poker face at all.
Speaker:So I'll get that deer in the headlights look and you know,
Speaker:they'll say, I'm messing with you.
Speaker:Oh come on, if you work with family, you'd better be funny.
Speaker:You better run with it, because I want to...
Speaker:otherwise,
Speaker:Exactly
Speaker:Yes.
Speaker:Yes.
Speaker:Well, so mentioning that, um, your, so your mother started the business.
Speaker:You said, in our pre-interview, that you've worked both with your father in
Speaker:the business at some point, and also your husband works in the business currently.
Speaker:And now her daughter too.
Speaker:And your daughter?
Speaker:Yep.
Speaker:My, um, mother Oh, started the company in 1980.
Speaker:My father then joined two years later to help her on the sales side.
Speaker:Cause he was a salesman for different, food brands, but then decided to join her.
Speaker:I joined, uh, around their 10th year.
Speaker:I've been here ever since.
Speaker:I swore I was never ever going to do this.
Speaker:I
Speaker:Famous last words.
Speaker:it was, it was well, and also in college, you have to understand
Speaker:when I was in college and my friends thought my mother had male lists.
Speaker:M A L E lists.
Speaker:They got quite excited and I had to calm them down and say,
Speaker:no, not males, mail, M A I L.
Speaker:Then it wasn't as glamorous anymore.
Speaker:Right.
Speaker:Oh, that's so funny.
Speaker:I
Speaker:swore I was going more the accounting.
Speaker:I wanted to be a certified financial planner.
Speaker:And while I was studying, I worked for my mother part time
Speaker:and that's where the love sparked.
Speaker:I couldn't believe I had the opportunity to work in a variety of
Speaker:different industries around the world.
Speaker:So I wasn't dealing with just people in the United States.
Speaker:We were over in the UK.
Speaker:We were all over Germany, Asia, just speaking to different people.
Speaker:And I love learning about their culture.
Speaker:I love learning about different industries and then the nuances of
Speaker:marketing; just don't even get me started.
Speaker:And if my family was around me, they're like, really don't get her started!
Speaker:I love that nuance of trying to figure out what does resonate with people?
Speaker:What would they find interesting to read?
Speaker:What colors are they drawn to?
Speaker:I'm just, I really can geek out on it.
Speaker:So the whole world of B2B marketing going into that industrial side
Speaker:where it's really intricate.
Speaker:I got hooked, joined and never left.
Speaker:And then my husband joined in 2002.
Speaker:Because at that point we were starting a family and he didn't want to work
Speaker:his long financial hours anymore.
Speaker:And so he joined the company.
Speaker:He still works here today.
Speaker:My, both my children have worked in the company at some capacity.
Speaker:And my
Speaker:daughter right now is doing her graduate degree.
Speaker:So she's back working with the company, helping us on our podcast,
Speaker:the B2B Marketing Excellence podcast, and getting it produced
Speaker:and promoted out in the marketplace.
Speaker:Ah, okay.
Speaker:Very good.
Speaker:Yes, I've watched a couple of episodes.
Speaker:There you go.
Speaker:Yes, yes.
Speaker:So, what do you love most about working with family?
Speaker:And you talked about falling in love with, uh, You know, the multinational
Speaker:and the nuance part of it.
Speaker:And I mean, we could geek out on that for an hour.
Speaker:Yes.
Speaker:That's all the different cultures and communications and all that, but within
Speaker:the business, the family in the business, how, what do you love about that?
Speaker:And, and what is like your greatest, um, two part question.
Speaker:So what's your greatest tip or secret that you've learned about balancing
Speaker:harmoniously balancing the two things.
Speaker:All right.
Speaker:I'm going to answer these two questions, but that last question,
Speaker:still working on that one
Speaker:Okay.
Speaker:But I have to say something about working with family business
Speaker:is that unconditional support.
Speaker:Just like when you're in a relationship at home, it's that unconditional love.
Speaker:When you're working in a business with your family members, there is that
Speaker:unconditional support that, you know, they're always going to be there.
Speaker:You know, that they really do have.
Speaker:You top of mind, they don't have a separate agenda for themselves because
Speaker:we're working together as a family.
Speaker:And when this is the livelihood for at times, it was two families.
Speaker:It was my parents and then my husband and I, and that was the only income
Speaker:coming into our house was this business.
Speaker:You do work together to make it succeed.
Speaker:And it is not always easy.
Speaker:There's definitely pluses and minuses to a family business, but I feel that one
Speaker:of the best tips I could give people as they start a family business is make sure
Speaker:each individual has their own specific role that they're responsible for.
Speaker:Yeah.
Speaker:I find if everyone is too much like this, it gets very muddy, very
Speaker:quickly.
Speaker:too much like this.
Speaker:Yeah.
Speaker:It really does.
Speaker:So, for instance,me, I'm more on the sales.
Speaker:I talk, I am more forefront right in front of the clients where my
Speaker:husband is in the financial side.
Speaker:That is his wheelhouse.
Speaker:I work like this.
Speaker:He works like this.
Speaker:So he's able to go over the details carefully, make
Speaker:sure everything is spot on.
Speaker:My mom, who is 91, is still with the company and she comes in
Speaker:and works and to have her as a sounding board is, is priceless.
Speaker:Because there is something about knowing the history and the evolution
Speaker:of marketing To be able to talk to someone about that And that's what does
Speaker:worry me about when people go out to do marketing, especially in the b2b space
Speaker:They have to understand the history that came before in order to really be
Speaker:successful for all the years to come.
Speaker:Okay, my, my coach hat just went on.
Speaker:When you say when they go out into market, they have to understand the
Speaker:history, the history of the company that they are representing as a
Speaker:marketing agent or, or the history of the company that's doing the marketing.
Speaker:Well, kind of both.
Speaker:I think your clients have to
Speaker:understand
Speaker:your, your family dynamics, how the company is structured,
Speaker:How it is set up your basis, you know, there's something about when
Speaker:you work with a family business, there's a, there's a work ethic
Speaker:you don't find in other companies,
Speaker:You know,
Speaker:within
Speaker:our company, we're family owned, we don't want to turn around and
Speaker:just sell this, like my mother said, this was her fourth child.
Speaker:this company is her baby.
Speaker:And I think if I ever tried to sell it, I might as well just go out and dig a
Speaker:hole because she would absolutely die.
Speaker:And I didn't understand that for the longest time, but after putting
Speaker:in the sweat and the time I've put in, I have no desire to sell it
Speaker:and just, you know, manage people.
Speaker:I like being in the meat of it.
Speaker:I like talking to the clients.
Speaker:I like talking to the vendors.
Speaker:I like to go to the industry trade shows.
Speaker:So it's important for clients to know that.
Speaker:But then when you want to be a really good marketer, it's important to know
Speaker:the history of marketing, like how
Speaker:did
Speaker:postal campaigns work?
Speaker:How did it evolve into email?
Speaker:You know, now with marketing, everyone wants to use like special phrases, like
Speaker:omni channel account based marketing.
Speaker:And it's like relationship building.
Speaker:Even I use that word a lot because that's what everyone chooses, but
Speaker:we were always concerned about that.
Speaker:My father, when he came in from being sales for big food brands,
Speaker:like General Mills and Stouffer, you know, Stouffer, he knew that.
Speaker:It's all about building those relationships with your prospects,
Speaker:but also with your fellow employees and the people you work with.
Speaker:And
Speaker:Yeah, and before the internet, it was like, well, the only way you're going to
Speaker:do anything is to build a relationship.
Speaker:It was, it was a given and, and
Speaker:that's when you had to travel to see them.
Speaker:right, right.
Speaker:And now you have the option of just, you know, sitting behind a screen and spitting
Speaker:out a bunch of stuff and sending it out and never making any personal contact.
Speaker:And so it's really, you know, You know, we're, we have to keep
Speaker:remembering that we're human.
Speaker:Yes.
Speaker:Especially in this AI world.
Speaker:Oh,
Speaker:I think this is going to be another don't get me started.
Speaker:it is going to be another, don't get me started because I go around now and
Speaker:I'm speaking at different industrial shows about how they can incorporate
Speaker:AI into the mix, but you just brought up a very good point, Connie.
Speaker:AI is great.
Speaker:You have to learn how to use it correctly.
Speaker:And that's what I talk about.
Speaker:But don't forget that personal side that cannot come from AI.
Speaker:You
Speaker:And that's one of the joys of working in a family business.
Speaker:Yes.
Speaker:and, and being a part of that, because you can have that personalization
Speaker:that you're not getting from a big corporation that's faceless
Speaker:Yes.
Speaker:much deeper because of the history.
Speaker:Right,
Speaker:Like people know, clients know, uh, you work with me, you're going to
Speaker:work with me until I get hit by a bus or I don't know what happens.
Speaker:It's not that I'm going to jump ship for another higher salary.
Speaker:That's not going to happen.
Speaker:And you know, that's the other thing about family, everyone's here for the long haul.
Speaker:We're not here for three years to then move on to the next job.
Speaker:right.
Speaker:We're here because we're invested.
Speaker:We care about our clients, but also as a family, we want this
Speaker:to grow and be successful.
Speaker:Yes.
Speaker:And, and yeah, that was one of the things that I heard in there I wanted to make
Speaker:sure to, to tease out was that, you know, the, one of the differences between the
Speaker:corporate world, you mentioned agenda.
Speaker:The family members , they're not having to, , manage and protect
Speaker:their own career and build their own brand separate from the business.
Speaker:Because they're, they're part of the business, they own the business,
Speaker:and, you know, hopefully, unless they do something really stupid,
Speaker:they're not going to get kicked out.
Speaker:Like Connie said, also, there's that story.
Speaker:You know, right now, how do you as a brand stand out and it's all
Speaker:about telling your unique story.
Speaker:So for instance, there's lots of B2B marketing companies out there.
Speaker:Please, there's ones popping up every day.
Speaker:You know, kids come out of college and they're marketing experts,
Speaker:but what makes you separate?
Speaker:Well, You know what?
Speaker:We're 43 years old.
Speaker:We are woman owned.
Speaker:We work in the industrial space, you know, it's all family.
Speaker:So you see, we've whittled down our story to be very unique.
Speaker:And some people will
Speaker:say, no way, we don't want to work with you.
Speaker:We want to work with the big, huge corporations.
Speaker:Well, that's fine because we wouldn't be a good match anyway.
Speaker:Yeah.
Speaker:So,
Speaker:yeah, but by all means, let us know how that worked.
Speaker:yeah, well, I always just say, you know, there's personalities come into play
Speaker:and you will align yourself with the people who resonate with your story.
Speaker:And don't try to push it.
Speaker:Don't try to push it that you can work with everyone
Speaker:because it's not going to work.
Speaker:And half the time, those people you shouldn't have been working with,
Speaker:if you do get them as clients, they're going to be headaches.
Speaker:So, you have to get rid of them now.
Speaker:Exactly.
Speaker:Yeah.
Speaker:Let them weed out themselves.
Speaker:And that would fit with, with, you know, I think a lot of companies that
Speaker:they don't have to be a family business for that, but I, um, I'm so again,
Speaker:my, my curiosity is, is asking, so is there something that comes out of the
Speaker:experience of working with family that
Speaker:makes that clearer or easier to do.
Speaker:What telling the story.
Speaker:Um, recognizing where there's a fit and where there isn't.
Speaker:I don't know if that's a family business thing or an age thing, because as I've
Speaker:gotten older, I've gotten better at that because when I first joined, it was
Speaker:all about, okay, let's just make sales.
Speaker:Let's just work with everybody.
Speaker:You know, even our promotions would be more.
Speaker:Marketing.
Speaker:So we would work with B2B and B2C brands where now we're really more
Speaker:B2B and really on the industrial side because we know the pharmaceutical
Speaker:manufacturers and food manufacturers and metalworking manufacturers better
Speaker:than if you were trying to sell shoes.
Speaker:And now I guess over the years I've learned; I've grown that
Speaker:we are better just sticking in our little, our wheelhouse.
Speaker:We'll be more successful as a company, but our clients also are
Speaker:going to reap the benefit because they're going to get our specialty,
Speaker:Mm hmm.
Speaker:Our expertise.
Speaker:And, and so B2B and I, I think most anybody will know that means business to
Speaker:business, but the, when you say in the industrial space, so B2B could be, uh,
Speaker:an accountant, you know, that works with small businesses doing their accounting.
Speaker:So that would be a form of B2B, but you're more in, uh, product based,
Speaker:like somebody's a manufacturer that's creating physical things that
Speaker:these other companies buy, right?
Speaker:Right.
Speaker:Right.
Speaker:A lot of this stuff we do is large pieces of equipment.
Speaker:So there'll be HPLC or CNC machines and how you market something
Speaker:like that is totally different than if it's accounting services.
Speaker:Because some of these pieces of equipment that we're trying to help sell can
Speaker:be hundreds of thousands of dollars.
Speaker:can't just slap up a social media post and get someone to buy that
Speaker:That's not an impulse buy.
Speaker:No, no, it's, it's a different type.
Speaker:And, and that's why going around to industry specific publishers has really
Speaker:helped us and finding that niche audience.
Speaker:Oh, wow, that made me remember we were in the egg business when I started my career.
Speaker:And, and we, when I joined the company, we were in an expansion and, um, our
Speaker:manager, hired manager, had located the, the world's most, world's best,
Speaker:I'll call it, most advanced egg grading machinery was from a company called
Speaker:MOBA, M O B A, out of the Netherlands.
Speaker:They still are as far as I know, but we, we imported this machine from
Speaker:the Netherlands and it came with two guys to, you know, put it together.
Speaker:And so I understand exactly what you're talking about from that point
Speaker:of view, 1977, it was 150, 000.
Speaker:Oh, I have no idea.
Speaker:I have no idea what it was.
Speaker:That's what it was.
Speaker:At least that.
Speaker:And because we had to build a building to house it and we had to have and then
Speaker:guess who was in charge of Running it and making sure that when things happen
Speaker:Yeah, I needed to know how to do all the maintenance, but there again was running
Speaker:24/7 but and and that yeah the the I wasn't involved in the decision process,
Speaker:but making a commitment to, to something that's that central to your business where
Speaker:your whole, basically your whole process is, is dependent on that thing and taking
Speaker:a risk on something that's not popular because it was popular in the world, but
Speaker:it wasn't popular in the United States.
Speaker:There were other local or more local manufacturers that owned the market.
Speaker:So we were really going against the grain.
Speaker:Yeah.
Speaker:And that's, and that's one of the things when you are trying to buy a piece like
Speaker:that, everyone comes into the decision.
Speaker:You got your CEO who's got to be in there.
Speaker:Your CFO obviously has got to tell you, do you have enough?
Speaker:Money, but then you want your production and operations people
Speaker:involved too, to say, is this really going to make us more efficient?
Speaker:Is this really going to take our business to the next level to be worth building a
Speaker:new building or, know, bringing over two technicians and then training you to use
Speaker:the machine and to maintain the machine
Speaker:Right, because we couldn't pick up the phone and just call the guy to come, you
Speaker:know, down the road to fix something.
Speaker:decision.
Speaker:Like one of the companies I work with, they're a German company and same thing.
Speaker:They get the piece of equipment sent here, but then some of their people have to come
Speaker:over from Germany and now they're trying to train people from the U S to do it.
Speaker:But there's a lot more time education needed in order to get
Speaker:people to make those decisions.
Speaker:And especially in a small family business where, you know, you're spending, you're
Speaker:outlaying this much money on a hope, a dream, a prayer that, that is really
Speaker:is going to in the long run pay off.
Speaker:But, and you don't have a lot of the backing that you've got in a large
Speaker:corporation where they can absorb that and go, yeah, yeah, yeah, we'll mark it
Speaker:off, you know, tax free, whatever it is.
Speaker:But for us, it was, are we going to, in a year from now, can we
Speaker:support this family with this?
Speaker:Yes.
Speaker:the families that were working for us.
Speaker:That is a
Speaker:very, very hard decision to
Speaker:mm hmm,
Speaker:you were asking me, John, about, is there something I wish I had
Speaker:done differently in our business?
Speaker:And one, I think maybe to be a little bit more courageous, To take those leaps, like
Speaker:you just said, Connie, because we never, ever got outside funding for our company.
Speaker:We have never taken out a loan for the company.
Speaker:We're very conservative and sometimes that was to a fault
Speaker:hmm, right, mm hmm,
Speaker:because as a 43 year old brand, I think maybe we should have had a little
Speaker:bit more confidence in our abilities to take maybe some of those riskier
Speaker:investments and go out into an area.
Speaker:But we were always of the thing;
Speaker:we didn't want outside money.
Speaker:mm
Speaker:We
Speaker:hmm,
Speaker:want to take out loans that we could not pay back.
Speaker:right.
Speaker:Or it was going to take food off the table for our children to pay back.
Speaker:That's right.
Speaker:And that, that, it is a big decision.
Speaker:It is a big decision, but I've seen other family brands where do take that
Speaker:leap, some of them mortgage their homes
Speaker:Right?
Speaker:they invested back in the company and you did see, not all the time,
Speaker:doesn't always work out, but sometimes when you are confident with what
Speaker:you are doing, you see the company really get to that, that next level.
Speaker:Right.
Speaker:I would think it's not always an all or nothing kind of thing.
Speaker:I mean, there are times when you can, you can start small, you know, there is some
Speaker:investment, but you can test and, and go in a new direction and see how it works
Speaker:without, you know, betting the farm on it.
Speaker:Right.
Speaker:As they say.
Speaker:Mortgaging your children.
Speaker:right.
Speaker:But, but if you ask my husband or my family, I'm like, uh, we got to do it all.
Speaker:If we're going to do this, let's just do it all and make it that, you know?
Speaker:And he's always like, well, how about if you test it out first?
Speaker:And I'm like, Oh, I don't, don't like waiting.
Speaker:I like doing things fast.
Speaker:So, but you're right, John.
Speaker:I think if you took it as a slower in segments.
Speaker:You could do it that way.
Speaker:Right.
Speaker:That's where we work, and how we think.
Speaker:So.
Speaker:Yeah.
Speaker:And it underlies everything.
Speaker:So, but this is not about us.
Speaker:Um, so, something, is there something you wish that you'd known
Speaker:uh, about the, the family aspect?
Speaker:That, you know, what did you, what did you learn from those years of work?
Speaker:Like you said, I'll never do this.
Speaker:And then, and then you're in it, and now, and then you're in love with it.
Speaker:So, what would you say to that person that said, I'll never do this?
Speaker:Sometimes I think we all look around and the grass looks greener on the other side.
Speaker:So you say, I'm not going to work with family.
Speaker:I want to go and I want to go big.
Speaker:then you realize that with family, it just fills your heart.
Speaker:You know, maybe we're not the biggest corporation out there.
Speaker:But every time I tell that story of my mom starting the company 43 years
Speaker:ago, I'm telling you, I do, I feel like the Grinch in the movie where
Speaker:you feel like your heart gets a little bit bigger because I am in awe of her
Speaker:bravery at that time to do what she did.
Speaker:Because she didn't do it as a second career.
Speaker:Yes, I told you my father was in sales, but he was going in
Speaker:and out of jobs at that time.
Speaker:And my mom started the company to keep our family alive, to, to support our family.
Speaker:So for her, it was, this has to work.
Speaker:This is not, I'm doing this business to buy a lampshade.
Speaker:This is, I need this to support my three kids.
Speaker:And when I tell that story.
Speaker:My heart gets bigger, but I think when I was younger, I didn't understand that.
Speaker:And my mother did a great thing when I came out of college, she would not
Speaker:let me work for the company right away, even if I wanted to, she says you need
Speaker:to go out and work for other people
Speaker:Smart.
Speaker:and that, that is something I tell to people all the time, definitely do that.
Speaker:Mm hmm.
Speaker:Because when I started, I was working with a real estate
Speaker:developer working in accounting.
Speaker:And there was a day where I literally sat in a back room, just
Speaker:cutting up old checks, because we had changed bank accounts.
Speaker:And I remember going home and saying to my mother, this is ridiculous.
Speaker:What did I go to college for?
Speaker:I'm sitting in this room, cutting up these checks.
Speaker:I should be doing more.
Speaker:And she's like, It's character building
Speaker:over the years.
Speaker:My mother has said that to me quite a few times, character building.
Speaker:And even to this day, I'll say I've got enough character.
Speaker:We don't need that, but, but she's right.
Speaker:Like everything you do in your life builds your character
Speaker:Mm hmm.
Speaker:you need to go through those before you jump into the family business,
Speaker:otherwise you don't learn to respect.
Speaker:Maybe the top management.
Speaker:I would not respect my mother or my father working with them as much if I
Speaker:hadn't worked for somebody else first.
Speaker:I get that.
Speaker:And there's, I know that there's some division in the, in the advisory world
Speaker:about how important it is, for next gens to work outside the business first.
Speaker:A lot of people require it.
Speaker:Other people, you know, recommend it.
Speaker:Um, And other people don't think it's necessary.
Speaker:Naturally, and, and some don't do it.
Speaker:I think from my perspective, I didn't really.
Speaker:I went straight into the family business as kind of a default.
Speaker:And most of my career, I wondered if I deserved to be there.
Speaker:Could I work somewhere else or, or am I, am I only here because I'm the heir?
Speaker:And, and that is not a comfortable psychological position to be in at all.
Speaker:It, and I was worse than uncomfortable, but so I'm a strong advocate of getting
Speaker:some experience somehow that shows you your, your skills and your strengths.
Speaker:that you know, that you've earned your position.
Speaker:And there's also policies within the family business.
Speaker:Like especially if you've, if it's big enough to have, you know, more
Speaker:than family members as employees, then the family members, there needs to
Speaker:be very clear policies in place that everybody, goes through the same process
Speaker:to, to be hired into the position and has to qualify the same way so
Speaker:that there's no question about that.
Speaker:And.
Speaker:I totally agree.
Speaker:We have people in our company who are not family and our philosophy
Speaker:there is we treat them like they are.
Speaker:Mm hmm.
Speaker:We really, we acknowledge birthdays or anniversaries or
Speaker:care about when a pet passes away.
Speaker:When people come and join us, they are, they are family.
Speaker:We care about them, but I agree with you, you know, even just going
Speaker:through the interviewing process, you know, Everybody should go through an
Speaker:interviewing process with another company.
Speaker:You should never like walk out of college and go right into a company because
Speaker:like you said, John, you'll sit there later wondering, "Do I deserve this?"
Speaker:And even when I started with the company, I'd worked for somebody else.
Speaker:I felt like I really needed to prove myself because I felt like I was young.
Speaker:I also felt like I was just Anne's daughter.
Speaker:I needed to prove that I knew what I was talking about.
Speaker:And the only way to do that is to get out there and put yourself out there early.
Speaker:Well, and that says something about you, too.
Speaker:You know, that you felt that way.
Speaker:Because there are, you know, there's a lot of different kinds of personalities.
Speaker:And there are second generations that, you know, come at it from the point of
Speaker:view of, I don't have anything to prove.
Speaker:I deserve to be here.
Speaker:You know, I'm part of the family.
Speaker:And, you know, there's an entitlement there that That they
Speaker:want to coast and and that is toxic in a family business culture.
Speaker:That, it won't last the long haul if, if you have people who feel
Speaker:that way, because you've got to get down and dirty in a family business.
Speaker:You know,
Speaker:I still empty out the trash on days.
Speaker:You know, you are always doing something.
Speaker:But when you
Speaker:were talking, here is my big tidbit for anyone in business
Speaker:really, or family business.
Speaker:Get yourself a speaking course.
Speaker:Now I'm a big Toastmaster person.
Speaker:I think everyone should join a Toastmaster Club so that you get that regular
Speaker:time to work on your speaking skills.
Speaker:Not only if you want to have a podcast, but how you speak to other employees, how
Speaker:you learn to speak with top management.
Speaker:And understand how everybody has different communication skills.
Speaker:I only did this five years ago and it changed my life.
Speaker:I wish I had done it earlier in my career because it would have helped
Speaker:me be a better spokesperson for the company, but it also would have
Speaker:helped me better relate to my parents.
Speaker:As they were the leaders in the company to then coming on to then maybe my kids
Speaker:joining, or even my spouse joining.
Speaker:Cause that got a little interesting because I was in the company first.
Speaker:I knew more about the company than he did.
Speaker:And so he had to work underneath me,
Speaker:but there's a delicate balance there.
Speaker:And Toastmasters has all these different paths of training
Speaker:that you get to go through that helped me with all those things.
Speaker:So there's my big, my big, definite tip.
Speaker:That that's a great tip!
Speaker:I was not aware that toastmasters had those different levels because
Speaker:you were talking about like different styles of communication And and
Speaker:Yes.
Speaker:you know who you're communicating with I thought it was about preparing a talk that
Speaker:you give to an audience and That was that.
Speaker:No, it can be everything from doing a presentation to giving a toast at
Speaker:your mother's 90th birthday party to giving a eulogy, but then just every
Speaker:day communicating with employees or even being a mentor or a coach.
Speaker:It just, that has really helped me a lot because like I mentioned
Speaker:before, I am a thinker that's like this and my husband is a little
Speaker:bit, I need to see the full picture.
Speaker:He's slower.
Speaker:And before I started to analyze communication skills,
Speaker:he used to get so annoyed.
Speaker:Why can't he work like me?
Speaker:But he wasn't me, and it wasn't until I really identified his communication
Speaker:style that I was able to work it all out.
Speaker:I see.
Speaker:So, all right.
Speaker:Weather, so weather, yes.
Speaker:Communication.
Speaker:And, and we did a similar thing using the Clifton StrengthsFinder
Speaker:and, and working with that.
Speaker:Yeah, different, different personality, uh, strengths and personalities and
Speaker:values, you know, looking at all that and, you know, Appreciating the
Speaker:differences, I want to, I want to say is the Yeah, he finally got it
Speaker:through his head that I hate computers, I'm not going to learn computers.
Speaker:It's, it's, it's a, it's, it's a dead subject.
Speaker:Okay?
Speaker:My husband's the same way.
Speaker:He's like, I'm not sales.
Speaker:And I'm like, well, I'm not sales either, but I do like to talk to
Speaker:people, but I'm not hardcore sales.
Speaker:But he was always like, nope.
Speaker:understand.
Speaker:Understand.
Speaker:And like details.
Speaker:Ooh, ooh, we don't do details.
Speaker:We do big picture stuff.
Speaker:Yes.
Speaker:Yes.
Speaker:That's it.
Speaker:So what's next?
Speaker:What's, what's on the horizon for you?
Speaker:Well, like I said, right now with that Toastmasters, I'm doing a lot more
Speaker:speaking, I'm trying to get out there and be more vocal about quality ways
Speaker:of doing marketing, but especially in the industrial space and what's also
Speaker:getting incorporated in there is AI.
Speaker:I'm doing a lot of training organizations about the AI tools that are out there,
Speaker:how they can implement them into different departments, but again,
Speaker:making sure that they stay unique, that they, they remember their story and
Speaker:work on building relationships, and it can't be something you just hand over
Speaker:to AI tell them to do, because you won't ever create those relationships
Speaker:unless you're able to do that.
Speaker:Yeah, A.
Speaker:I.
Speaker:Is homogenized.
Speaker:Yeah, it is.
Speaker:And people have to be very careful about that.
Speaker:Yes.
Speaker:Okay.
Speaker:Right.
Speaker:And so future plans.
Speaker:You mentioned a son.
Speaker:Your kids are in the business.
Speaker:Are they have they expressed an interest in carrying on, you know, a
Speaker:transition beyond your your career.
Speaker:Okay.
Speaker:to be honest, no.
Speaker:And I'm perfectly fine with that at this point because.
Speaker:I said, they need to go out, work for other people, figure
Speaker:out what they like to do.
Speaker:And then if they do come back, that's great.
Speaker:But our company can go in a variety of different ways that they can take it
Speaker:in any direction that they want because marketing is constantly evolving.
Speaker:so we'll see what happens.
Speaker:But right now what we're doing as a brand is just getting
Speaker:out there and speaking more.
Speaker:Promoting the podcast and
Speaker:All right.
Speaker:And we will make sure to put that in the, in the show notes.
Speaker:So, uh, for, for people, uh, that, uh, clearly we're going to, you know,
Speaker:mention the podcast, the, uh, your website, anything else, uh, that you
Speaker:want people to discover you at on.
Speaker:No, they can just check.
Speaker:Um, obviously LinkedIn, it's Donna A Peterson.
Speaker:They can check us there.
Speaker:I also have a world innovators, YouTube channel where there we post
Speaker:regularly about different topics.
Speaker:I'm about to do a whole series on AI tools.
Speaker:How to use them
Speaker:Ooh.
Speaker:a special tip.
Speaker:And then our podcast, you'll find us on any of the podcast platforms along with
Speaker:YouTube, because we do just like yourself.
Speaker:We do the audio and the video side
Speaker:Yeah.
Speaker:That's where I I've watched it on, uh, I liked the video part of it.
Speaker:I'm not, I'm not a old school audio podcaster.
Speaker:Yes!
Speaker:Yes, and if anyone has needs for B2B marketing, please feel free to reach out
Speaker:to me and I can see if I can help you.
Speaker:Excellent.
Speaker:We look forward to recommending you.
Speaker:Thanks so much for spending this been so much fun.
Speaker:Yes,
Speaker:We could.
Speaker:We could.
Speaker:Uh, yeah.
Speaker:much for having
Speaker:now we have to go on to our business, right?
Speaker:A pleasure.
Speaker:And if one of those kids joins the business, then maybe we'll circle
Speaker:back and, uh, and get you both on camera together and, and, uh,
Speaker:talk about, you know, how you're figuring out the That dynamic.
Speaker:That dynamic.
Speaker:Yep.
Speaker:Yes, definitely.
Speaker:All right.
Speaker:All right.
Speaker:Let me see if I can get my husband on here one of these
Speaker:Yes.
Speaker:We'd love to do that too.
Speaker:Alrighty.
Speaker:Well, thanks so much and we will look forward to a future conversation.
Speaker:Okay.
Speaker:Bye.
Speaker:Bye bye.
Speaker:you.
Speaker:Bye.