103: Jake Baer- CEO of Newel - 4th Generation CEO Re-invents and Re-energizes the Family Business

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Arts, Business, Design

4.9 • 810 Ratings

🗓️ 21 November 2016

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Something must be in the air, I keep running into fourth generation business owners! Last week Scott Kravet was here for our 100th episode and he told us about the history of the Kravet family. He is part of the fourth generation of the Kravets to work and run Kravet Inc. Today we have Jake Baer on the show with me and he is the twenty-eight-year-old CEO of Newel. Newel is the home of the largest decorative art collection and furniture in the US. Newel has been known for many years for its prop rental business since the 1930s. Jake was named the CEO of Newel in 2015 and he has really spearheaded change with a brand-new gallery in Manhattan. He has recently moved their collection to a massive warehouse in Long Island City in Long Island. We are going to talk about how he is moving Newel into a new age. Show Notes: What was it like for Jake growing up in a family business? Who did he work with to learn the business? What sort of challenges has Jake faced being a young CEO? Are his siblings involved in the business: Newel? What is he doing for newer/younger interior designers? How can you get in on the dinners that Jake holds for interior designers? How does his business help people who live the apartment life? Can furniture be shipped out all over the US? What kind of antique furniture does Newel have to offer? The rest of the show notes are in our resource center: Window Works

Transcript

Click on a timestamp to play from that location

0:00.0	Hey, just letting you know that Luann University registration is opening November 24th,
0:07.3	2024, and classes are starting the week of January 20th, 2025.
0:13.2	Head over to luanuniversity.com to learn more about classes on sales, on marketing, on process, and on profits.
0:23.4	And at the website, you will learn about the fantastic bonuses that we have for you throughout
0:29.0	the registration period.
0:30.9	Luann University.com.
0:44.3	Welcome to a well-designed business with your host, Luann Nigara.
0:49.9	Luan has a lifetime of experience building a multi-million dollar business with her husband and cousin,
0:53.7	and she knows the challenges you face faced in your interior design business.
0:57.3	Luann brings you real-life answers to your most pressing problems,
1:01.5	as well as practical strategies to explode your interior design business.
1:04.8	So, let's get to the business of interior design.
1:10.1	Hi, welcome to a well-designed business.
1:11.6	It must be a thing lately.
1:15.0	I keep running into fourth generation business owners.
1:18.1	Last week, Scott Cravet was here for our 100th episode,
1:21.0	and he told us about the history of the Cravet family and how he is part of the fourth generation of cravets to work and lead Cravet Inc.
1:25.7	And today, Jake Bear is on the show with me. Jake is the 28-year-old
1:30.0	CEO of Newell. Newell is the home of the largest decorative arts collection and furniture in the
1:35.8	U.S. Newell has been known for many years for its prop rental business, in fact, since the 1930s.
1:42.3	But they've also always cultivated designer relationships.
1:46.1	Jackie Kennedy used to be a client, and today many top designers use Newell as a resource as well.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from LuAnn Nigara, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of LuAnn Nigara and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.