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David Squires

Try This Idea: The One-Year Retirement

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MOST OF US have similar career arcs — we spend the first 25 years of our lives learning, the next 40 or so working, and then the final 25 in retirement.

Designer Stefan Sagmeister suggests eliminating five years from your retirement and scattering those years throughout your working career. So, every seven years, he closes his design business and does something different — travels, lives in a new place, experiments with new projects.

Could you do the same? Obviously, shutting down completely isn’t an option for most jewelers. But it may be possible for more jewelers than you imagine. Could you perhaps serve just your best customers by appointment for a year? Could you train and build the skills of a manager to the point where your business could run without your presence for a year?

Think about it. It could change your life.

(Anybody ever do anything like this? Share.)

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David Squires is the Group Editorial Director of SmartWork Media. He believes that the first role of business media is to inspire readers.

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Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

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