Lessons From Starting and Growing a New Business | Richard App and Monica Steimle-App

In this episode, Monica Steimle-App and Richard App share their journey of launching Innovar Advisors, a consulting firm focused on helping organizations navigate growth, strategy, and transformation. They discuss the importance of community, leadership, collaboration, and the lessons learned from their diverse experiences. Chapters 00:00 Introduction to Monica and Richard and their new venture 04:55 The timing and challenges of starting a new business 08:34 Their approach to helping businesses navigate change 12:00 Leadership challenges and the importance of diverse teams 15:11 Balancing work and personal life as partners 19:41 Rapid fire questions: personal preferences and insights 20:18 Recommended books and influential reads 21:04 Technology essentials and analog preferences 23:06 Common leadership challenges today 24:47 The value of surrounding yourself with the right team 25:15 Embracing change and reacting with resilience 26:51 The importance of authentic giving and community involvement 28:58 Transition from corporate to small business leadership 29:25 Supporting leaders through difficult decisions 30:45 Building a network of trusted advisors 33:09 Celebrating successes and overcoming setbacks 36:54 The community of West Michigan and its future 40:32 Community projects and long-term vision 44:26 Overcoming imposter syndrome and self-doubt 46:54 How to connect with Monica and Richard  Key Topics: The decision to launch Innovar Advisors and the journey behind it The importance of community and local partnerships in business How diverse experiences strengthen leadership and business strategies The role of collaboration and networking in business growth Balancing personal and professional life as business partners Lessons learned from starting and growing a new business The impact of technology and innovation on small businesses Strategies for navigating change and uncertainty in business The importance of authenticity and giving back to the community Advice for aspiring entrepreneurs and business leaders