Business Couples Secret Sauce

Greg & Carol Trenerry - Collier Trenerry Funeral Directors

October 18, 2020 Marcus Nicholls and Ariel Endean Episode 7
Business Couples Secret Sauce
Greg & Carol Trenerry - Collier Trenerry Funeral Directors
Show Notes

This week we're in Griffith, NSW speaking with Greg and Carol Collier, a couple who have been in business together for 50 years! Their time working together spans a variety of different businesses and with such an impressive tenure, it's no wonder they had so many stories, tips and words of wisdom to share. 

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Some highlights from this episode:

“I think the reason why it probably works - and I might be old fashioned, but - Greg’s the head of the household. We’ll discuss something, but he has the final say.” Greg

“I’ve been really blessed with Carol. She’s allowed me to make decisions, and I’ve sometimes done that without consulting her, but Carol has the confidence to know that I’m able to do that and she would always stand by me. There’s never any condemnation if things go wrong.” Greg

“I think sometimes business has to be balanced with your personal social life. Maybe we haven’t done that very well - we often work seven days a week. I think it’s something young people have to understand, there needs to be a balance between the two. Not to allow themselves to get into a rut.” Greg

“Greg’s a sprinter, I’m more of a stayer. I’m a more traditional person. There’s a difference between us, but we still mesh together.” Carol

“For those couples starting out in business, the relationship has to be very strong. They also need to be evenly yolked. One can have skills in one area and the other can have skills in another, but it needs to be even.” Greg

“Follow your passion, no matter what that is. Whether it’s a retail store, a farm, whatever it is - if that’s your passion, go for it and grab it.” Greg

“If you’ve got sufficient finance and knowledge, go for it, and be as one. Think along the same lines so one can help the other.” Carol  

“It’s important to do a SWAT analysis and understand your weaknesses and your strengths. If you’re realistic in understanding your weaknesses, there’s always someone out there you can bring in to sure that up.” Greg

“At the end of the day, you have to ask yourself the question - why am I in business? Is it only to produce money? If so, it’s not going to be very satisfying. But if the business becomes the vehicle for another passion in your life, everything falls into place.” Greg