Running a Business with Your Spouse - Scott Polston of Garment Graphics and Promotional Products

03/02/20 • 52 min

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Scott Polston shares his story of leaving a financially stable but demanding job in order to have more time for his wife and kids. Where did he go? To work alongside his wife in the business she was already running. Listen as Scott shares this career shift and entrepreneurship story. Highlights:- Christian faith in the workplace- Working with your spouse- Making time for your family- Building a sustainable businessFind Scott and Holly Polston's business online at: https://garmentgraphics.netFind the book Start with Why: https://amzn.to/2T9MbSBFind the book The Greatest Generation: https://amzn.to/38dCBlJLike our Facebook Page! https://www.facebook.com/careeryak/Visit our website: https://careeryak.comMusic by Scandinavianz, song Wonderland (instrumental), http://www.soundcloud.com/scandinavianz

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Career Yak - Running a Business with Your Spouse - Scott Polston of Garment Graphics and Promotional Products

Transcript Summary

In this episode of the podcast, titled "Running a Business with Your Spouse," Scott Polston, the co-owner of Garment Graphics and Promotional Products, shares insights on the challenges and strategies of running a business with his wife Holly. They discuss the importance of cash flow management, focusing on strengths, and continuous learning to achieve business success and longevity. Scott highlights the growth of their company from a part-time business run from their kitchen to a full-time operation with multiple areas of focus, such as corporate clientele, schools, collegiate market, and fraternities and sororities. They emphasize the value of providing exceptional service, networking, and referrals to grow their clientele. They also discuss the importance of faith, family time, and finding passion in the work you do. If you're interested in learning about cash flow management, business growth strategies, and the dynamics of running a business with your spouse, this episode is a must-listen.

Transcript

spk_0: 0:00
huh? It's growing up, and it's very demanding business, and I was just gonna be the dead that worked too much. And so that was her motivation to get me out of the auto business. Um, and Garment Graphics was profitable, but karma graphics would never counted on to pay the household bills. Way career cast the show where we seek to learn about the jobs in industries that are actually available out there and also learn valuable career lessons along the way. I'm you

Running a Business with Your Spouse - Scott Polston of Garment Graphics and Promotional Products Top Questions Answered

What is the importance of considering opportunity cost when making decisions for a business?

Considering opportunity cost helps businesses prioritize how they spend their time and resources, ensuring that they make the most advantageous choices.

How does Garment Graphics and Promotional Products grow its clientele?

Garment Graphics and Promotional Products grow their clientele through networking, referrals, and by rectifying mistakes for their clients.

How do the business owners of Garment Graphics balance day-to-day tasks with big-picture planning?

The business owners of Garment Graphics balance day-to-day tasks with big-picture planning by booking co-working spaces and shutting off cell phones to minimize distractions.

What factors contribute to the success or failure of a restaurant?

Rent costs can be a significant factor in a restaurant's success or failure, as they heavily impact cash flow and overall expenses.

Why is cash flow important for a business to survive?

Cash flow is crucial for a business to survive as it allows them to cover expenses, pay employees, invest in growth, and withstand unforeseen financial challenges.

How can unexpected expenses impact a business or personal budget?

Unexpected expenses can have a significant impact on a business or personal budget, potentially causing financial strain and the need for readjustment in other areas.

What is the value of working in a different field before finding a job in your desired career?

Working in a different field before finding a job in your desired career can provide valuable experiences, diverse perspectives, and a broader skill set.

How can sharing faith in the workplace inspire others?

Sharing faith in the workplace can inspire others by fostering a sense of unity, compassion, and moral guidance among colleagues.

How did Garment Graphics expand its services beyond promotional marketing?

Garment Graphics expanded its services beyond promotional marketing by adding school uniforms to their offerings due to customer demand.

What sets Garment Graphics apart from other promotional marketing companies?

Garment Graphics stands out from other promotional marketing companies by handling screen printing and embroidery in-house, giving them more control over quality and faster turnaround times.

How does Garment Graphics differentiate itself as a marketing partner and consultant?

Garment Graphics distinguishes itself as a marketing partner and consultant by providing advice, unique promotional ideas, and prioritizing customer satisfaction, rather than solely focusing on price or product availability.

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