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Zen Jeweler: Commitment Issue

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I’ve talked before about commitment to your staff. I think it’s good to keep them and train them instead of constantly replacing them. Why? Well, ask yourself:?What is it that you are really committed to? Is it the new software? Or the new designer line? A charity? Your health? Maybe all those things. But I’ll tell you what you are really committed to (arrogant on my part, but I think about this stuff all night while you’re analyzing reports). Above all else, the thing that is the touchstone against which all other commitments must be measured, is … wait for it … maximum profit. You knew that? OK, but let’s add a word here — ethical. Maximum ethical profit. Why are you committed to low pay and the staff that comes with it? Pay it forward. If you want the best profit, get — and keep — the best people. It’s not the jewelry. Everybody has that. It’s not the marketing. None of us are doing that. (Well, OK, some of you are.) It’s not the hours you are open, or the decor. It’s the people.

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After 139 Years, A Family Legacy Finds Its Perfect Exit With Wilkerson.

When third-generation jeweler Sam Sipe and his wife Laura decided to close Indianapolis’ historic J.C. Sipe Jewelers, they turned to Wilkerson to handle their retirement sale. “The conditions were right,” Sam explains of their decision to close the 139-year-old business. Wilkerson managed the entire going-out-of-business sale process, from marketing strategy to sales floor operations. “Our goal was to convert our paid inventory into retirement funds,” notes Sam. “The results exceeded expectations.” The Sipes’ advice for jewelers considering retirement? “Contact Wilkerson,” Laura says. “They’ll help you transition into retirement with confidence and financial security.”

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Zen Jeweler: Commitment Issue

mm

Published

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I’ve talked before about commitment to your staff. I think it’s good to keep them and train them instead of constantly replacing them. Why? Well, ask yourself:?What is it that you are really committed to? Is it the new software? Or the new designer line? A charity? Your health? Maybe all those things. But I’ll tell you what you are really committed to (arrogant on my part, but I think about this stuff all night while you’re analyzing reports). Above all else, the thing that is the touchstone against which all other commitments must be measured, is … wait for it … maximum profit. You knew that? OK, but let’s add a word here — ethical. Maximum ethical profit. Why are you committed to low pay and the staff that comes with it? Pay it forward. If you want the best profit, get — and keep — the best people. It’s not the jewelry. Everybody has that. It’s not the marketing. None of us are doing that. (Well, OK, some of you are.) It’s not the hours you are open, or the decor. It’s the people.

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Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”

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