What does it mean to truly invest in yourself? While financial planning and building wealth are important to our future, investing in our health, well-being, and personal fulfillment may be just as valuable.
On this episode of Beyond the Balance Sheet, hosts Aaron Carreno and Nathan Plumb of Wisconsin Capital Management welcome Nicole Harvey, co-owner of Needed Relief Day Spa & Wellness in Fitchburg, Wisconsin, for an engaging conversation about entrepreneurship, business ownership, personal wellness, and the importance of taking care of yourself.
Nicole shares the story behind purchasing the spa with her husband and business partner, Doug Harvey, in 1997 and growing it from a small day spa into a full-service wellness destination. She reflects on nearly three decades in business, the risks of entrepreneurship, navigating challenging economic periods, and the financial decisions that helped sustain and grow the business.
The conversation also explores what it takes to build a successful team, create a positive workplace culture, retain talented employees, and maintain a business model that puts people and quality first.
Nathan brings an investment and financial planning perspective to the discussion, drawing connections between running a successful business and managing your personal financial future. From cash flow and employee retention to Health Savings Accounts (HSAs) and long-term financial planning, the conversation highlights how thoughtful decisions today can create greater opportunities tomorrow.
And, of course, there's the importance of making time for yourself. Nicole shares why wellness shouldn't be viewed as a luxury or something to feel guilty about, but rather an investment in having the energy and ability to care for the people around you.
In this episode, you'll hear about:
Nicole's journey into entrepreneurship and purchasing Needed Relief Day Spa & Wellness
Nearly 29 years of building and growing a successful local business
Lessons learned from cash flow challenges and economic uncertainty
Creating a strong company culture and retaining talented employees
Why employee compensation and incentives matter
The connection between personal wellness and financial well-being
Health Savings Accounts and opportunities for tax-advantaged savings
Why investing in yourself is just as important as investing in your financial future
Nicole's advice for aspiring entrepreneurs
Guest: Nicole Harvey, Co-Owner, Needed Relief Day Spa & Wellness
Hosts: Aaron Carreno & Nathan Plumb, Wisconsin Capital Management
Wisconsin Capital Management (WCM) is a registered investment adviser. SEC registration does not imply a certain level of skill or training. Investing in securities involves risk, including the potential loss of principal; past performance guarantees no future results. WCM owns the Beyond the Balance Sheet Podcast; all podcast content is intended strictly for educational and informational use and does not constitute formal financial, investment, or legal advice. This material is for informational purposes only and should not be construed as a solicitation or financial, legal, or tax advice. WCM's Form ADV Part 2A contains detailed information regarding operational practices, conflicts of interest, and fee structures, and is available upon request by contacting: wiscap.com, info@wiscap.com, 608-960-4616, or 8020 Excelsior Dr, Suite 402, Madison, WI 53717.
Show Notes