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A Well-Designed Business® | Interior Design  Business Podcast

895: Power Talk Friday: Sandra Funk: The Millionaire Mindset for Interior Designers

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Business, Design, Arts

4.8786 Ratings

🗓️ 14 July 2023

⏱️ 62 minutes

🧾️ Download transcript

Summary

Today With Sandra Funk: Welcome to a Well-Designed Business. We all know that thriving in business takes a specific mindset. But what is the millionaire mindset, really? How can we break out of fear mode and start doing what it takes today to take our business where we want to be? In today’s sponsored show, Sandra Funk is here to chat about the Interior Design Standard and the millionaire mindset for designers.  Pick It Apart [7:54] Sandra and LuAnn discuss why waiting for the “right time” hurts designers.  [21:26] Sandra and LuAnn talk about the importance of investing in your business. [40:07] Sandra and LuAnn share the value of setting expectations with your clients.  [45:44] Sandra shares how important it is to have a process for estimates—and to stick to it.  [49:36] Sandra shares details about the upcoming session of the Interior Design Standard.  LuAnn Nigara and Sandra Funk's Ah-Ha Moments “When we're not process driven, and we don't have it documented, then we are making up the conversation.” -LuAnn “There are so many designers who are doing this designer discount and charging 10% or 20%, or even 30% markup. I tracked it people—that is break-even. 35% markup is break-even.” -Sandra More About Sandra Funk Sandra Funk is a trusted advisor and the celebrated design leader who built the boutique firm, House of Funk and her proven process, the Interior Design Standard. Over 30 national press outlets - Elle Decor, Architectural Digest and House Beautiful, to name a few - have recognized Sandra for her award-winning designs and innate entrepreneurial spirit.  Despite her business degree, a background in business process consulting and a design education from Parsons, it took Sandra over a decade - and the help of several experts - to develop and fine-tune her business model for a thriving interior design firm.  Today, Sandra is deeply rooted in empowering and educating design entrepreneurs. With her turnkey approach, she welcomes designers into her inner circle, sharing her proven process for a balanced, joy-filled and wildly profitable design firm. Connect with Sandra Funk Website Instagram Facebook Pinterest Other Shows Mentioned: #845 Power Talk Friday: Sandra Funk: Stop Apologizing and Start Communicating #801: Power Talk Friday: Sandra Funk: How Mistakes and Obstacles Led to Growth & Transformation #753: Sandra Funk: How to Grow a Thriving Luxury Interior Design Business #660: Sandra Funk: Level Up Your Business Through Mentorship, Coaching, and Classes. Sponsored Show: “Interior Design Standard” #585: Sandra Funk: Helping Designers Improve Their Business Systems #520: Power Talk Friday: Sandra Funk: The Interior Design Standard is Here! #145: Sandra Funk of House of Funk: Why and How She Re-Branded her 10-Year-old Firm #02: The Importance of Systems for a Profitable Interior Design Business With Sandra Funk Levy

Transcript

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0:00.0

Welcome to a well-designed business.

0:12.0

My name is Luann Nygaara, and I'm so glad you found this podcast.

0:16.0

Together with my husband Vince and our partner Bill, we have grown our company Window Works from the ground up.

0:21.8

So I know and I understand the challenges you face in running your interior design business.

0:28.2

I also know that your talent alone isn't enough to ensure your success.

0:33.2

So on this podcast, we talk about strategies and practical steps to help you grow your business.

0:39.6

But make no mistake about it, we have our share of fun here, too, mix in with those aha

0:44.6

moments that I love so much.

0:46.8

This isn't fluff.

0:47.8

Nobody has time for that.

0:49.4

Whether you are a new interior designer or a season designer, I am here to help you create and to manage the kind

0:56.5

of interior design firm that you dream of. It's straight talk and it's action. Are you ready? Let's get

1:02.6

started. Hi, welcome to a well-designed business. We all know that thriving in business takes a very specific mindset.

1:13.5

But what is that millionaire mindset?

1:16.0

How can we break out of fear mode and start doing what it takes to take our business where

1:21.5

we want it to be?

1:23.1

In today's sponsored show, Sandra Funk of the House of Funk, is here to chat about the interior

1:28.2

design standard and the millionaire mindset. I can't think of anyone more qualified to talk

1:34.1

about this mindset. Throughout her journey as a designer and her years teaching the interior

1:39.3

design standard, Sandra has shown time and again that she not only gets the millionaire mindset,

1:45.2

and I mean really, truly gets it, but that she knows how to teach it to others.

1:50.5

And she knows how to help others to stop what they're doing, the things that are holding

...

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