When thinking about acquiring an established retail outlet, examining its financial health, understanding its market position, and assessing any existing liabilities are crucial. Also, when incorporating family members into your business, several factors require careful consideration. It's essential to evaluate their skills, compatibility with the existing team, and potential impacts on both personal and professional relationships. Learn from Samy Soliman, as the owner of OC Diamond Estate Jewelry, and you will want to ensure these elements align with your business goals and values. 

00:00 Introduction
01:15 From Computer Engineer To Diamond Estate Jewelry Owner
08:35 What Factors To Account For When Onboarding Family Members Into Your Business
13:37 The Visioneer Game!
20:36 Thinking Of Acquiring An Established Retail Store?
27:13 Final Thoughts: "How To Talk In Another Person's Interests."
30:07 Dad Jokes / Credits

Support small business owners, like you, celebrating BIG breakthroughs by supporting Small Business Celebration's Patreon page at: https://www.patreon.com/smallbusinesscelebration!
As well as our sponsors for this episode: Mike Saba: https://msaba.watsonrealty.com, Scaffold Solutions Unlimited: https://scaffold-unlimited.com, and Planned Exits: https://www.plannedexits.com.

#FamilyBusiness #RetailAcquisition #BusinessStrategy #OCDiamondEstateJewelry #FamilyDynamics #RetailManagement #BusinessExpansion #StrategicPlanning #DueDiligence #Business Ownership
https://youtu.be/6W5PHkzpe8w

New tracks tagged #Acquiring