KPMG Spark Blog
Studio Mcgee is a full service design company run by husband-wife team Shea and Syd Mcgee. They sold their home and moved to Utah to follow their dreams. With 18 employees, clients all over the country, features in Domino Magazine, and a social media following that might even make Kim K bat an eye—things are paying off in a big way.
Recently we got a chance to sit down with the couple who's making waves in the interior design industry. We talked design, business, and how to keep family relationships going strong when you're both needed at the office.
We had successful careers in extremely different fields – Syd managed an affiliate marketing startup focused on email marketing and I ran a busy interior design business out of our home. After Syd’s company was acquired, it was time to figure out his next project. I was supporting our family during the transition and couldn’t keep up with the number of client requests I received.
We soon realized that our skill-sets complemented each other really well and that he could run the business and allow me to focus solely on the design. We sold our home in Southern California and moved to Utah to start our design firm in a more business-friendly state. A year later, and a lot of late nights hunched over our laptops, we have 18 employees and a quickly growing business!
Studio Mcgee Office Interior by Lindsey Salazar
We toyed with the idea for months, but shied away from taking the leap because it sounded crazy! We decided to test the waters and Syd started by helping me get the business more organized (it was a mess) because I was a typical creative and had a lot more interest in designing homes than organizing invoices! We discovered that we actually work quite well together and that gave us the encouragement we needed to go into business together.
For us, there is no separation! Perhaps it’s because the business is so new, but we discuss business all the time – dinner dates, family walks and most times in between. That said, we get a lot more family time because of our flexible schedules. The only time we really get a separation is by going on vacation and making a conscious decision to clear our minds and take a break from work.
Our strength is that we have a unified vision and goals for the business. Our weakness is that we are so comfortable around each other that it can be easy to speak bluntly where other business partners would be more professional!
Studio Mcgee Office Interior by Lindsey Salazar
The biggest struggle for us is that running a business is extremely demanding both on our time and emotions! When we’re tired or stressed, it’s easy to bicker over little things. However, for us, the benefits far outweigh the struggles. We get to work together doing something we’re both passionate about, our daughter can ride her scooter around the office while we have a quick meeting, and we get to celebrate big and little wins together every day.
My best advice is to only go into business together if your roles in the company are very separate and distinct. Although we keep each other in the loop and make big picture decisions together, we rarely venture into the others’ business territory – Syd never picks out tile and I don’t develop project management systems. For us, the separation of roles has been key to a happy work/marriage life.
Check out our post "Utah's Top 5 Workspaces" to see a in-depth look at the Studio Mcgee's HQ.
Please note that KPMG Spark’s sponsorship of this blog article is not intended to address the specific circumstances of any particular individual or entity and does not constitute an endorsement of any entity or its products or services. This content represents the views of the author, and does not necessarily represent the views or professional advice of KPMG Spark.
Sign up for our newsletter
Outsourced bookkeeping services, such as KPMG Spark’s, offer a cost-effective solution for outsourcing traditional data entry and reporting, freeing up critical bandwidth so that your in-house bookkeeper can do more with your financial data. Join us as we discuss how outsourced bookkeeping can amplify your in-house accounting team.
At KPMG Spark we provide an online bookkeeping service using automation technology all while providing you with a bookkeeper that works with you to make sure your books are in order. Join us as we take a look at what we do, how we do it, and how we can help you have more time for your business.
Owner and founder Adrienne Fudge used KPMG Spark to get clarity on her finances, save money, and eventually– make a huge business decision with ease.
Artificial intelligence can help virtually any business step up its game to improve productivity and efficiency. Let's take a closer look at what artificial intelligence is and how it can help your business.
While most companies aspire to outsource their bookkeeping, many instead opt for a DIY option. Managed accounting is a viable alternative that offers more support and features than DIY software, but is just a fraction of the cost of a full-time bookkeeper. Join us as we take a look at the pros and cons of online bookkeeping software vs. outsourced bookkeeping with managed accounting.
As a business owner, you probably don’t have a lot of time to spend analyzing your financial data. By taking a few minutes each month to track just four important metrics, you can understand where your business is performing well and quickly spot areas of concern. Let’s look more closely at these four financial indicators that are critical for most companies.
You may view doing your company’s bookkeeping as a point of pride, or simply as a way to save money. But there are many costs associated with “do-it-yourself” bookkeeping that business owners often overlook. Join us to see how outsourcing your bookkeeping can help you and your business.
Entrepreneurs often start out trying to do their own bookkeeping but quickly realize they need a bookkeeping solution that not only makes it easy, but also one that addresses their evolving business needs — such as managing cash flow as their business grows. Let's take a closer look at how KPMG Spark can help your business.
The insight provided by an updated, thorough examination of upcoming cash flows can help business owners make more informed decisions and best leverage the cash they’re generating. Let’s look more closely at some leading practices for generating a cash-flow projection and how it can help your business.