Editor’s Note: Baldness is Inevitable

Published

9 years ago

October 11, 2015

Editor’s Note: Baldness is Inevitable

And other lessons learned from this year’s Big Survey

BY DAVID SQUIRES

This article originally appeared in the October 2015 edition of INSTORE.

We’ve now done nine of these Big Survey issues, and it’s long been one of INSTORE readers’ favorite issues of the year.

One reason for the love is that, while INSTORE has always been a collaborative effort between us and you, our October edition is by far our most collaborative issue of the year, packed with your data, your insights and, maybe surprisingly, your feelings.

In these pages, you’ll find lots of useful comparative data on staff salaries, hot-selling products and successful marketing vehicles. And we hope you’ll find a way to put this information to use in a way that helps your store differentiate itself, rather than simply trying to keep up with the Joneses (or, perhaps, with this month’s Cool Store, Jones Bros. Jewelers — see page 126).

But you’ll also find loads of softer-edged inspiration — philosophical approaches to the business that can’t help but inspire.

One of my favorite questions each year is when we ask jewelers, in one form or another, to share the most important lessons that they’ve learned.

This year, we asked survey respondents what lesson they would have most wished to have been able to share with their younger self. A few favorites:

➤ “Other people will try and tell you how to run your business. Follow your gut and ignore their objections.”

➤ “Don’t compare your insides to other people’s outsides.”

➤ And: “Baldness is inevitable.” (I am happy to report that I have a full head of hair. But I like to read this as a motto of acceptance — “Gracefully accept who you are. And build from there.”)

Enjoy the issue!

Wishing you the very best business,

David Squires

This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”