You don’t last 20-plus years in the interior design industry without learning a few valuable lessons along the way. While every interior design firm is unique, the principles of sound business management and marketing still apply. You can learn them the hard way, or you can learn them from others who’ve learned the hard way. The latter path is less of a steep and bumpy road to long-term growth and success.

In this episode, Gail talks with Katie Decker-Erickson, principal with Color Works Design, a company she founded in 2007. Although she started out focused solely on designing with color, clients kept asking her to include an ever-increasing number of interior design services. After working in residential design for several years, she came to realize she preferred commercial projects. Today, with a team of between 15 and 20, her firm specializes in hospitality, senior living, university facilities and housing, and multifamily housing.

Gail asked Katie what are some of the lessons she’s learned over the years about how to operate and market her business. Katie said first and foremost, you have to let go and be comfortable delegating work to others. To grow, she said, you need a vision and a team to execute on that vision. “It’s all about letting go to the right person for the right reason. You can’t do it all on your own.”

Furthermore, she said, “Figure out who is your target market and go hard. If you’re trying to be everything to everyone, you’re nothing to no one.” Take care of the clients you have, she added. They can become clients for life. Also, take care of your team and they will stay with you over the years.

Your business should not become a burden. “Your business should work for you, not you work for it.” Do some self-introspection, she advised. Figure out where is your happy place—i.e., what fulfills you and gives you joy—and pursue that. Let others do the other stuff. 

Over the years, Katie and her firm have experienced some good times and some not-so-good times. Just accept that these are normal business cycles. “Don’t be afraid to let your business expand and contract,” she said.

Gail and Katie also talked about how AI might impact the interior design industry and how Katie is using it now in her firm. They also discussed the importance of curating your firm’s culture. For those insights and more, listen to the entire podcast.

If you're listening on your favorite podcast platform, view the full shownotes here: https://thepearlcollective.com/s12e6-shownotes

Mentioned in This Podcast

For more information about Katie and her firm, go the website at colorworks.coach.

https://www.youtube.com/watch?v=Ogr-1u_8e8I

Episode Transcript

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Welcome to the podcast, Katie. I have a special guest today, Katie Decker Erickson, and I am so excited to have a conversation with you today. You and I had a good chat not too long ago and you've been doing interior design for a while now and I'd love to know about how you got into it.

That's so kind of you, Gail. I'm so honored to be here. And yeah, I don't know a while that's like a kind way of saying someone is seasoned, right? Which is code for old. And we're now at the age where we're giving back in our industry. Yeah. You know, it's funny. My journey to design was very unique. it wasn't traditional. Like I woke up my junior year of high school and decided I should do interior design. And that is what I love. And I'm going to go pursue that in college. I actually didn't come to interior design until I was in. Gosh, early twenties.

It was after I had my master's degree in business administration that I went I want to start a business and I love creating and I need to use the left and right side of my brains or my brain to feel like satisfied at the end of the day and It was funny. I was actually fixing and flipping houses at the time or condos and ...