Business Acquisition and Growth with Kristy Mumma

In this episode of Real Talk, Real Growth, host Linda Ostovitz welcomes Kristy Mumma, co-owner of Stewart Technologies. Kristy shares her journey of transitioning from a department manager to a business owner along with her business partner, Tara Schinkel. Kristy talks about her involvement with the Howard County Chamber of Commerce, their successful Women's Leadership Conference, and the intricacies of leading a tech company. She delves into their strategic decision-making process, staffing challenges, and how Stewart Technologies navigated the COVID-19 pandemic. Kristy also sheds light on the impact of the newly introduced Maryland IT service tax and provides valuable advice for anyone looking to buy out their employer. This insightful episode encapsulates real talk and real growth, highlighting Kristy's journey from employee to a successful business owner.(00:00) - Introduction and Welcome (00:49) - Meet Kristy Mumma: Co-Owner of Stewart Technologies (01:47) - Stewart Technologies: What We Do (03:08) - The Decision to Buy Stewart Technologies (06:18) - Partnership and Roles (07:45) - Clientele and Services (09:06) - Transition from Employee to Owner (12:03) - Navigating Challenges and Strategic Planning (16:29) - Staffing and Team Dynamics (22:35) - Budgeting and Financial Planning (27:32) - Impact of New IT Services Tax (32:18) - Future of Stewart Technologies (34:58) - Advice for Aspiring Business Owners (38:52) - Conclusion and Final Thoughts For more information, visit the Stewart Technologies website at https://stewarttechnologies.com/ Follow Stewart Technologies on LinkedIn: https://www.linkedin.com/company/stewart-technologies/