In this episode, I spoke with Ed Nicholson about the story behind his family business. Ed and his sister Edith own and operate Capitol City Lumber, a Raleigh, North Carolina-based lumber provider servicing the Southeast.
We covered:
The dynamics involved with owning a 70-year old family business
The importance of not being over-leveraged
Advantages of staying small
Managing isolation as a business owner
The benefits of having a partner with a different skillset
Why you should have your finger on the pulse of your company's books
Life outside the business matters
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