Lisa Blech's Small Business

In early 2004 Lisa Blech, mother of our group member Alyssa Blech, established her own small business as an interior designer in New Jersey. Her business, Interior Accents, was initiated when the housing market was doing very well and many people had the disposable income to redesign their homes or buy, stage, and sell new properties. Over the four years that she operated her business, the average yearly income was about $52,000 designing for private homes, furniture stores, and realty firms for houses on the market. As said by Ms. Blech, the best aspect of personal entrepreneurship is the control that one can have over their vision for their business. Interior Accents was operated under one owner with two employees and all other workers were subcontracted. Because of this, all major decisions were made and executed by Ms. Blech. Prior to owning her own interior design firm, she worked under several other companies doing similar work and always had her worked altered by different managers even though her name was the one attached to the final design. However, by establishing her own business, she enabled herself to be in control of her vision for different clients and in control of the branding behind her designs. Conversely, owning a business has many drawbacks for the individual. Lisa Blech describes that even though she …show more content…
At this time, most people did not have the financial capabilities to pay for non-essentials, like home design. Subsequently, Lisa Blech advised that the acknowledgment of when to shut down a business is extremely important. Throughout her interior design career, Ms. Blech said her main desire was to own interior design firm, which she fulfilled before the housing market burst. However, she knew that it was time to dissolve the company once it was no longer turner a real profit during the financial crisis that started in