Gene explains the 'circle of jewelry life.'

In a sense, watch-battery replacement is a thriving business for Gene the Jeweler's store. He has an employee dedicated to the task, and she does about 50 jobs a day.

But he only charges $5 per replacement, and he pays the employee $12 an hour. He has to factor in the cost of the batteries, and the fact that occasionally, the employee breaks a watch and it has to be replaced.

All things considered, he couldn't be making much profit on the operation.

So why bother?


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Once again, the problems in Gene's fictional jewelry store reflect poorly on his management practices. He says the watch-battery situation is all part of the "circle of jewelry life."

But should it be?

Watch the video:

 

 
JEWELER SUCCESS STORIES

Wilkerson Steps in When It’s Time to Step Back

Jim Russell of Stein Jewelry in Madison, Mississippi, says Wilkerson seamlessly handled the sale that let him and his wife “do the things that we have always wanted to do.” Trust Wilkerson to handle your end of business sale—they’ll be there every step of the way.

 


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