Stephanie
McKenzie, the owner of Metro Coffee at UWT, gave a talk to TINST 475. Stephanie
took over Metro Coffee at age 24 in 2009 after her boss got cancer. Throughout
her talk she focused on the many lessons she learned and skills she improved
through all the difficulties that were involved with taking over a business
with little management experience.
After
her boss’s exit from the company due to cancer, Stephanie began transitioning
to sole proprietor. During this transition, Stephanie had an agreement with her
mom that allowed her to afford keeping up the business. There were, however,
disagreements later about how the details of this agreement, and Stephanie
spent 9 months in legal proceedings with her mom. Recently, Metro Coffee was
broken into twice. For such a small business with one location, a break in can
have a large impact.
Stephanie
faced countless challenges, including the ones outlined above, as she learned how
to operate in her new role as company owner. For each of these, she told us
valuable lessons she learned. During the long period involved in legal
proceedings, she learned to carefully review financial agreements she made,
especially ones that could directly impact personal relationships. Break ins cannot
always be avoided and will always be difficult, however, Stephanie has learned
how to handle them better and maintains a sense of humor throughout, saying, “I
only cried for one minute the second time.” These experiences culminate in her current
perspective of being much more comfortable with running Metro Coffee due to her
attendance at the school of Hard Knox.
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