Juanita Tackett owns LED Source Charlotte, a North Carolina-based energy-efficient lighting franchise that she acquired at age 51. Her Twitter description says she’s the franchise’s “Chief Figurer Outer,” a role that comes easier when you’ve spent decades figuring things out before starting your first business.
Tackett’s decision to buy the franchise is the latest move in a career that’s included stints in fashion accessories, real estate and washer/dryer rentals. When she opened LED Source Charlotte in 2012, she became the company’s first woman franchise owner.
While this Charlotte Observer story about Tackett came out some time ago, her shared insights and wisdom remain useful to those thinking about a second act as an entrepreneur. As she says in the article, she wanted a business “with a proven concept that complimented her skills and experience.”
Among Tackett’s key messages: “Don’t start out on a shoestring (budget). Make sure you have enough money to get your business off the ground. When people are desperate for money, they don’t make good decisions.”
Tackett credits the National Association of Women Business Owners (NAWBO) with helping her through her journey. Here’s a video in which she talks about the influences that have helped her become successful.