With 10 years of financial planning experience, Katie (Wilson) Johnston of West
Saugerties established Nourish Wealth Management, www.nourishwm.com, in 2017.
Here, the business owner and mother of two shares her inspired vision for her
company and family.
HVP: Why Nourish Wealth Management?
Katie: Nourish, then and still increasingly now, is often used
in the wellness industry and is synonymous with the diligence and care with
which I strive to serve my clients in identifying their goals, living their
lives, managing their savings, and creating their future.
HVP: How did you establish NWM while raising kids?
Katie: Our broker/dealer Commonwealth provided a seamless
transition through financing options for a buyout from my previous firm. The
tools I was accustomed to using were still available to me, so my transition
was largely business as usual.
HVP: At first, you ran NWM from home, which saved costs as you
adjusted to overhead fees. How did that work?
Katie: I met with clients in their homes or at a colleague's
office space, if necessary, until I found the right rental in Uptown Kingston
in January 2018.
HVP: How has owning a business been different from what you'd
imagined?
Katie: One benefit I miss tremendously is the access to several
staff members I previously had. It is my philosophy to compensate the right
employee handsomely, which will take time to find and afford.
HVP: What do you most enjoy of business ownership?
Katie: There are so many great rewards to entrepreneurship; the
ability to develop and refine the client experience, the flexibility to manage
my business around my family, and unlimited future growth potential.
HVP: What affect has
owning and operating NWM had on your parenting?
Katie: While flexibility is great, both self-employment and
being a mother are full time jobs alone, so I have to watch the balance and
reprioritize often.
HVP: What should moms who want to start a business keep in mind?
Katie: Self-doubt has no place on the path to success - patience
and a plan helps. Identify what you need and ask for help (from your partners,
family, community, consultants). So often we spend time saving money, which is
helpful and necessary particularly in a young business, but I've also learned
the power in spending money to save time.
Nourish Wealth Management is located at 291 Wall Street 2nd Floor,
Kingston, NY 12401, 845.802.0070. Securities and advisory services offered
through Commonwealth Financial Network, Member FINRA/SIPC, a Registered
Investment Adviser.