Brainstorms

Why Something That Makes No Sense Could Improve Your Business

Random jolts to the routine can lead to breakthroughs.

Published

3 years ago

October 10, 2021

INSTORE Staff Instore October 2021 Issue

When old solutions are closed off, we will find a new one. And sometimes — as the pandemic showed with certain delivery services — the new approaches would have been better all along. This is well understood by computer engineers. Algorithms created to solve problems like designing computer chips will often deploy random shocks to what would otherwise be a search for incremental improvements. Without the randomness, the algorithm gets stuck. How to implement such an approach with your store management? Try doing the complete opposite to normal procedure for a fixed period, say 48 hours. For, example, what if you don’t open next Tuesday? What if you tell people a repair will take no more than two days? If you set aside your mobile phone for 24 hours? The idea is to do something shocking to the system.

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.”