Episode 34: Megan Flynn of M. Flynn
Today I'm speaking with Megan Flynn of M. Flynn in Boston's beautiful South End neighborhood. Megan and her sister Moria started their jewelry business over 10 years ago and opened their brick and mortar shop in 2009. They're old hat at this point and have seen their business through some major changes and iterations. Megan's background includes a Master of Science from Northwestern and a gemology degree from GIA while Moria boasts an MBA from MIT's Sloan School of Management. Both sisters were clearly on their way to huge things, but as they wrapped up their formal education the sisters both felt a definitive pull towards entrepreneurship. They followed this pull right into a long-term career in brick and mortar business ownership.
Megan and I talk about the ups and downs of working with a sibling, reevaluating your business each and every year and being flexible with your customers while still maintaining boundaries. We go deep about using Moria's MBA to their advantage and where it helps them and where it just doesn't apply when running a brick and mortar. I loved this part, because like a lot of you, I don't have a business background and I always wonder if having more formal experience would help in running my business.
I'm excited for you to all hear this episode for all of the above reasons, but mostly because, like me, you're going to get fired up by Megan's dedication to growing not only her brick and mortar but the community in which it operates. Enjoy the show.
We talk about:
- The pull of entrepreneurship and knowing it's right for you.
- Reassessing your business plan and being open to the changes that come.
- Going deep with your business partner to be sure that the business is still working for both of you.
- Working with a sibling and how to handle any bumps in the road.
- Being part of a community and working to bring up the other businesses in your neighborhood.
- Iterating and changing as your business evolves.
- Being flexible with customers while maintaining your boundaries.
Thanks again for listening. If you like what you're hearing please do let me know. If there's someone you'd like to hear from or if you're interested in being on the show yourself, email me at firstname.lastname@example.org. Happy November!