Summary: Josh Feldman joined his family business at a time when the company needed a serious makeover. Mentored by his father, Josh grew sales over 500% in three years and spearheaded the mainland expansion. Today, Tori Richard is the premier resort wear provider in Hawaii.<br> Josh has given back to the community in a traditional manner. Due to his restrained time allowance, Tori Richard has donated close to one million dollars to charities. <br> Some questions asked:<br> Josh, welcome to our show. Most of us in Hawaii are familiar with the name Tori Richard for it’s classy resort wear. This is a family business correct? When did you join the company? What is your current position and role?<br> What was the most challenging thing about getting started with the family business and how did you overcome it?<br> How did you prove yourself?<br> How was it working with family?<br> Are any of your other family members involved in the business?<br> Why aren’t your other siblings working with the business?<br> Did you always plan on working with the family business?<br> Any advice for others who have a family business? Should they also work with their family business?<br> What are the 3 most important things you learned from working w/ your father?<br> When you joined the company what were your goals?<br> In 1994 you updated the line and reduced operating costs, how were you able to do that?<br> You also became a leader in mainland sales, how were you able to increase your sales revenue by 500% in three years? <br> You absolutely modernized the Tori Richard product, look and brand. What was your strategy when doing so?<br> What are the biggest and most common mistakes you see business owners make managing their business?<br> What are the most important laws to becoming successful?<br> How do you manage your time between business and family, especially with travel?<br> Does your wife work in the business also? Why or why not?<br> What is the most important thing to teach your children? Are you preparing them to take over the business later?<br> How do you make time to give back to the community?<br> What was your biggest business challenge and how did you overcome it?<br> What are the biggest mistakes people make?<br> What’s your view on partnerships?<br> Any last advice for business people?<br> Tori Richard’s started off as a women’s resort wear company and a couple decades later, when you joined the company, expanded to a men’s collection. Do you see the company adding a children’s collection for family sets?<br> Tori Richard, Ltd. Is also the current licensee for Harley-Davidson Motor Company, what are your plans with this?<br> What can we look forward to in the future?<br> What message would you like our listeners to receive from this discussion?<br> BIO:<br> Joshua Feldman is the President and CEO of Tori Richard, Ltd. a Hawaii based fine clothing manufacturer. He was born & raised fro most of his life in Hawaii. He is married with one child. Josh’s first job was as a newspaper delivery boy in Auckland, New Zealand.<br> Education:<br> 1991 Punahou School<br> 1992 Carnegie-Mellon University<br> 1995 University of California San Diego, Summa cum Laude, BA Political Science with minor in art<br> Tori Richard, Ltd.<br> 1993 Started new product division.<br> 1994-1995 responsible for all product development with objective to update line and reduce operating costs.<br> 1996 Took over mainland sales and grew company revenues 500% over next three years.<br> 1997 Licensed product division established by Feldman. Current licensee for Harley-Davidson Motor Company.<br> 1999 Vice President, sales & operations.<br> 2000 Re-launched women’s division.<br> 2003 Created retail division. Opened 4 flagship, high brand concept stores within 14 months.<br> 2004 President.<br> Brief Company History<br> Born in Boston, Massachusetts,
