4. Purchasing a Business and Growing it Beyond Your Wildest Dreams - with Chelsea Lanigan Williams

In this episode, Virgil Sweat interviews Chelsea Lanigan Williams, the owner of Southern Pines Pet Lodge. They discuss Chelsea's journey of purchasing and running a pet daycare and boarding facility. They cover topics such as the inspiration behind the purchase, the business model, pricing strategies, employee management, and personal finance management. In this conversation, Chelsea Williams discusses the financial aspects of running a business and the importance of outsourcing tasks that are not within your expertise. She emphasizes the value of hiring professionals, such as bookkeepers and accountants, to provide advice on saving taxes and optimizing spending. Chelsea also shares her experience of accidentally becoming an entrepreneur and the importance of embracing failure and continuous improvement. She discusses the growth of her business over the years and her plans for expansion, including building a second facility and increasing capacity for daycare services.

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