In this episode, I spoke with Ed Nicholson about the story behind his family business. Ed and his sister Edith own and operate Capitol City Lumber, a Raleigh, North Carolina-based lumber provider servicing the Southeast.

We covered:

- The dynamics involved with owning a 70-year old family business

- The importance of not being over-leveraged

- Advantages of staying small

- Managing isolation as a business owner

- The benefits of having a partner with a different skillset

- Why you should have your finger on the pulse of your company's books

- Life outside the business matters - pastel art & family time