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Manager's To Do

Ready a Show Season Launch Plan, Update Your JBT Profile and More Management Tasks for June

Build your own company mythology with an origin story you can tell staff and customers.

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Ready a Show Season Launch Plan, Update Your JBT Profile and More Management Tasks for June

June 1-7

MANAGEMENT Invite 10 customers to form an advisory panel for your store. Schedule three meetings throughout the year and ask them to discuss what they’ve seen, what they like, and how they would advise you to improve. “Pay” them with lunch and gift cards!

MARKETING Ramp up your blogging this week. Comment on what’s new in Las Vegas (JCK is June 6-9) and what has people buzzing. You don’t actually have to be at the show to do this. Just offer your opinions based on the trade press reports (if you need inspiration, check instoremag.com each morning).

June 8-14

MARKETING Do you have an “origin story” about your store to tell customers and employees? A good tale goes a long way toward making people feel they’re part of something special. Build your own company mythology.

STORE With summer here, this is the perfect time to do a sensory audit of your store. Take big lungfuls of air and consider it. Does it smell clean? Full of spring air? If not, get the carpet cleaners in, have the bathroom scrubbed and the AC serviced.

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June 15-21

FINANCES Update all of your information with the Jewelers Board of Trade. Suppliers will be more likely to extend credit to retailers who share the full story of their business rather than those that seem to have an aura of mystery. In particular, the JBT has asked its members to include when special terms and conditions are offered.

MANAGEMENT Start thinking summer reading. Set yourself a target of reading one business book a month for the next quarter. For business owners looking for an innovative take on time management and productivity, consider The Plan by Kendra Adachi. For everyone else, dive into Financial Intelligence by Karen Berman and Joe Knight to gain a deeper financial understanding of what your books are truly saying about your business.

ADVERTISING Father’s Day is done. Your ads and website should shift to get male customers thinking about buying anniversary presents.

June 22-28

TELEMARKETING It’s been six months since Christmas. Ask holiday-season customers to bring in their jewelry for a free checkup.

TAX Tax filing requirements are a major headache for small business owners. Stay on top of your obligations by signing up for the IRS’s tax calendar at irs.gov/businesses/small-businesses-self-employed/online-tax-calendar. Unlike the agency, it’s user friendly.

MERCHANDISING Gather with your staff to inspect your show finds and go through what you ordered during the recent buying season. Develop a product launch plan and schedule training sessions to ensure the successful sell-through.

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SPONSORED VIDEO

Honoring a Legacy: How Smith & Son Jewelers Exceeded Every Goal With Wilkerson

When Andrew Smith decided to close the Springfield, Massachusetts location of Smith & Son Jewelers, the decision came down to family. His father was retiring after 72 years in the business, and Andrew wanted to spend more time with his children and soon-to-arrive grandchildren. For this fourth-generation jeweler whose great-grandfather founded the company in 1918, closing the 107-year-old Springfield location required the right partner. Smith chose Wilkerson, and the experience exceeded expectations from start to finish. "Everything they told me was 100% true," Smith says. "The ease and use of all their tools was wonderful." The consultants' knowledge and expertise proved invaluable. Smith and his father set their own financial goal, but Wilkerson proposed three more ambitious targets. "We thought we would never make it," Smith explains. "We were dead wrong. We hit our first goal, second goal and third goal. It was amazing." Smith's recommendation is emphatic: "I would never be able to do what they did by myself."

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