Hudson Valley Parent

HVP January 2020

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34 Hudson Valley Parent n January 2020 W ith 10 years of financial planning experi- ence, Katie L. Wilson of West Saugerties established Nourish Wealth Management,, 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 sav- ings, 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 busi- ness 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 entrepreneur- ship; 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 help- ful 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. Secu- rities and advisory services offered through Commonwealth Financial Network, Member FINRA/SIPC, a Registered Investment Adviser. with Katie L. Wilson Sponsored by

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