Your host, Greg Lewis, talks to Lawrence Mize, Lui Heimansohn Steel and Salvage, located in Clarksville, Tennessee.

Lui Heimansohn first started a trading post in the Cadiz, Ky in the late 1800’s before moving to Clarksville, Tn to open a storefront in 1896 to access rail and river trade. Joined by his three sons, the family business continues on today with the fourth generation now involved.

In this episode of Family Business Today Lawrence Mize will share:

What starting a business in the 1800’s was like and how it has transitioned over the past 125 years

Their secret to success is living within your means and not overextending

The importance of family values are no different today than they were in 1896 – Treat Your Customer Well and Always Go the Extra Mile

Importance of creating memories with your family outside of business will last a lifetime

Advice for next generation thinking a bout joining the family business – Have Patience, Change is Difficult for the Now Generation, Transition is a Process not an Event

What the next 125 years looks like for Lui Heimansohn Steel & Salvage

And much more….

To learn more about Lui Heimansohn Steel & Salvage visit their website at www.luiheimansohn.com.

At the Tennessee Center for Family Business our passion is to help business owners create a positive environment in which their family THRIVES, their business performs and one day celebrate a successful transition. To learn more about the Tennessee Center for Family Business visit www.tncfb.com.

If you are considering a transition in your family business in the next 3-5 years contact us today for a FREE Business Transition Assessment (follow link) and receive a one on one review of your business transition preparedness with a family business consultant. (a $299 value)

Until next time, There’s No Business Like Family Business…..We Know!

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Podcast made with help provided by Visual Media Co. https://www.visualmediaco.com/