Building a business with your child can be extra-rewarding, but also riskier. Scott Nicholson has not only successfully done that, but has built businesses together with all three of his kids.
Scott built KO Business Solutions with his daughter Brianna. KO Business Solutions is a consulting and recruiting company. It helps organizations create hiring strategies, especially call and contact centers. It also helps them execute on those strategies.
Next, he and his son Jake decided to acquire the Chicago franchise of Jurassic Junk, a completely different kind of business. The company focused not only on helping residences and offices get rid of unwarranted items. But it also has revenue streams for scrap metal and resale. The goal, Scott says, is to minimize items going to the landfill.
Scott’s daughter Shannon worked in the KO Solutions business for a while, but it soon became apparent that she wanted to find something that allowed her to use her creative side. She established THR33 Marketing, and with Scott’s input, provides marketing services to KO, to Jurassic Junk, to Scott’s other businesses, as well as several other clients.
Scott shares how his father helped nurture his business sense and his entrepreneurial spirit, and how he’s tried to do the same with his kids.
He has plenty of advice to offer about involving children in your business, as well as other family members, or even friends.
If you’re thinking about building a business with your kids — or others close to you, this is a must-listen interview!
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