Innovative Funding Solutions from Benetrends Financial

Richard McVey had an interesting path from the corporate world to entrepreneur. After receiving an MBA, he began his business career as an accountant. “After a few years, I was looking for a change and became a Men’s Divisional Manager for Saks Fifth Avenue.” It was there that he met someone who was going to nursing school and found it intriguing. “So, at the age of 41, I went to nursing school in Cleveland, OH,” McVey explains.

He continues, “I was an ICU nurse for 3 years and then got into clinical trial research and was promoted to manager and then Director of Clinical Trials. After 2 years, I was recruited to start and become Director of the Clinical Research Department for the University of Louisville Hospital. After another 2 years, I was recruited to start the Bluhm Cardiovascular Research Department at Northwestern University Medical School, and finally, I was recruited to work for a Danish pharmaceutical company in clinical trials where I was a Sr. Project Manager for neuro.”  He left the medical field when, after 9 years, his company went through a reorganization and his department was eliminated.

“I decided to reinvent myself,” says McVey.

“Initially, I was looking at owning a bed & breakfast, and attended a weekend seminar devoted to this industry, where part of the focus was on funding. While I decided that the bed & breakfast was not a good fit for me, it was during this seminar that I learned about the 401(k) rollover, and more specifically, about Benetrends Financial.”

Rick knew he wanted his next chapter to become an entrepreneur, “but first, I had to refocus my search for a business, and decided to pursue my lifelong dream of owning a flower shop.” It was perfect timing, as a high-end, and well-established floral business in the Lincoln Park neighborhood of Chicago was for sale.

After he found the right business, he did more research on the ROBS (Rollover as Business Startups) process. “I actually looked at 2 ROBS (Rollover as Business Startups) providers, but the Senior Consultant at Benetrends convinced me that they were the best option. The level of service I’ve received is top notch!”

Rick acquired the business in May 2016. Dilly Lily was established 19 years earlier and the owner was ready to move on. Along with the business, two key employees stayed on during the transition years. “We now have 7 employees, including myself. A turn-key establishment, I have been able to focus on building the brand.”

Dilly Lily is an upscale floral shop specializing in weddings and events as well as everyday flowers. McVey shares, “we readily admit to being flower snobs and only offer the highest quality novelty blooms available.”

Dilly Lily celebrates the beauty of all flowers though we have an affinity for those that are unusual and unconventional. It is this whimsical and often dramatic flair that customers have come to expect from Dilly Lily’s floral creations. Choosing the highest quality flowers, grown on sustainable, socially responsible farms located around the globe and whenever available, they source local and organically grown product to stock the shop coolers.

With exceptional artistry, unparalleled customer service and a convenient location, Dilly Lily has become one of Chicago’s leading floral studios. The business consistently commands a reputation for delivering amazing flowers and has become the go to florist for discerning customers’ floral needs.

Whether your style is modern, classic, contemporary, or casual, our designers can capture and translate your style. Dilly Lily is best known, however, for compact, colorful designs with a twist of the unexpected. “Respecting the natural flow of each flower is important and our designers’ strengths lie in color combination and composition,” McVey says.

“Many people have joined me on my entrepreneurial journey. I did my due diligence, and hired an attorney, accountant, financial advisor, and consulting company (hired to value the shop). I believe that it’s always best to hire people who know more than you, and this assembled group really helped get my business moving forward. Aspects of business ownership that I didn’t think about were covered by the professionals I chose. It’s been money well spent!”

As an upscale floral boutique, the business has had its share of notable clients.  “We have done arrangements for Michelle Obama, Tyler Perry, Tiraji P. Henson, and Patti LuPone, to name a few. A favorite story is when the Chicago Cubs won the World Series in 2016. Nancy Pelosi sent flowers to the Ricketts family (owners of the Cubs).” McVey continues, “The Ricketts were so pleased with our work, we have become their go-to florist!”

Local schools and organizations often make requests for donations. We will offer either floral arrangements, or gift certificates to be used at the discretion of the recipient. We do a lot of work with Chicago House, an organization that originated as a housing agency for people with AIDS/HIV. We are a proud sponsor of the Annual Spring Brunch.

To see examples of their work and to learn more visit dillylily.com, or visit their Facebook or Instagram pages.

 

Other Success Stories

Denise & Jim Vizzini: Hand & Stone Success Story

Denise & Jim Vizzini: Hand & Stone Success Story

Innovative Funding Solutions from Benetrends Financial Sometimes all you need is a change of scenery and a little research to make your vision become a reality. When Denise and Jim Vizzini relocated to Pennsylvania, Denise had to leave her massage therapy business of...

Paula Lewis: Junkaway Success Story

Paula Lewis: Junkaway Success Story

Innovative Funding Solutions from Benetrends Financial When Paula decided to leave the world of retirement plan administration and start her own business, she did her research on funding options and found Benetrends Financial’s Rainmaker Plan® was the perfect fit. No...

Barry Kornspan: WSI No Limit Success Story

Barry Kornspan: WSI No Limit Success Story

Innovative Funding Solutions from Benetrends Financial Benetrends Client Spotlight: WSI No Limit Name: Barry Kornspan Opening Date: November 2014 Company: WSI No Limit, Inc. Location: West Orange, NJ (although I can help anyone, anywhere!) Q: Tell us about your...

Andrea & Hans Mulder: Obertal Inn/Alpen Rose Inn Success Story

Andrea & Hans Mulder: Obertal Inn/Alpen Rose Inn Success Story

Innovative Funding Solutions from Benetrends Financial Benetrends Client Spotlight: Chelan Hospitality, Inc. Name: Hans & Andrea Mulder Opening Date: October 2010 Company: Obertal Inn, Townhomes at Obertal Inn, Alpen Rose Inn Location: Leavenworth, WA...

Perry Grot Enterprises, Inc.: Phenix Salon Suites Success Story

Perry Grot Enterprises, Inc.: Phenix Salon Suites Success Story

Innovative Funding Solutions from Benetrends Financial David and I (the Grot’s) have known the Perry’s (Karen and John) since 1995. In 1998, John and David joined forces as independent brokers, selling health insurance. Due to the changes within the industry, we...

Craig & Nancy Ferger: Pizza Ranch Success Story

Craig & Nancy Ferger: Pizza Ranch Success Story

Innovative Funding Solutions from Benetrends Financial Like many older Americans, Craig Ferger says, “We retired and went back to work.” Ferger was a welder for 38 years. His wife, Nancy, was an insurance agent for 32 years. When they both retired from their...

The Branham Family: Reindeer Shuttle Success Story

The Branham Family: Reindeer Shuttle Success Story

Innovative Funding Solutions from Benetrends Financial You know them by name: Dasher, Dancer, Prancer, Vixen, Comet, Cupid, Donner, Blitzen and Rudolph. One day a year, Santa’s reindeer take flight around the world. But during their off season, they have a different...

Wendi and Bruce Davison: Arnold Black Bear Inn Success Story

Wendi and Bruce Davison: Arnold Black Bear Inn Success Story

Innovative Funding Solutions from Benetrends Financial endi and Bruce Davison are owners and proprietors of the Arnold Black Bear Inn, located at 4,000 feet elevation in the Sierra Foothills of Northern California, in the town of Arnold. Arnold is home to Calaveras...

William & Katherine Carter: The Canyon Villa Success Story

William & Katherine Carter: The Canyon Villa Success Story

Innovative Funding Solutions from Benetrends Financial My journey to The Canyon Villa began with a Bachelor’s degree in Air Commerce (aeronautics) from the Florida Institute of Technology. Upon my graduation, I returned to my home in Connecticut, where my Dad told me...

Joy Patton & Dwright Fowler-Davis: The UPS Store Success Story

Joy Patton & Dwright Fowler-Davis: The UPS Store Success Story

Innovative Funding Solutions from Benetrends Financial Although the path to becoming an entrepreneur differs for every person, the final destination is the same – becoming one’s own boss. Joy Patton and Dwright Fowler-Davis, are no exception.The two became friends...

Richard Longlott: Three if By Air, Inc. Success Story

Richard Longlott: Three if By Air, Inc. Success Story

Innovative Funding Solutions from Benetrends Financial Rick Longlott wanted to turn his love of flying into a business, but traditional financing options were out of the question.  He was able to realize his dream using the Rainmaker Plan® and the business is soaring...

Aussie Pet Mobile Success Story

Aussie Pet Mobile Success Story

Mark Shaffer has lived most of his life in the beautiful Arkansas Ozarks, which is also the location of the first Walmart. So, it isn’t a surprise that his career included time with the retail giant, where he rose through the company ranks during his tenure. In 2008...