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Top of Mind: August 15, 2013
August 15th, 2013
by Bill Boyajian

Jewelers Need Filters

Yes jewelers need filters. But what do I mean?

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We need Google to find things – or even better yet, sophisticated filtering sites to locate what we specifically want to buy. We don’t go to Google to buy an airline ticket or a hotel room. We go to Travelocity or Expedia or Priceline or Hotwire. In other words, we go to a pre-determined site – let’s call it a mechanism – to get what we want.

In the same way, jewelers need a filtering mechanism to determine how well they are doing in business. Many jewelers are computerized today with an inventory management system that can produce reports to help run their business. But most jewelers don’t use their management system to best advantage. Often, they are so busy with sales, personnel, repairs, customer service, advertising, sourcing, etc. that they simply don’t have time to focus on what is most important in business. They need a reporting structure and a filtering system that tells them where they are going right and where they are going wrong.

Simply put, jewelers need to focus on managing their businesses in order to be profitable. This is where filters for the right information come in. If you aren’t using the information at your fingertips, (and still relying on your gut instincts), you are not running an efficient business. Get some help now, before you find yourself out of business.

Does Adversity Make Great Leaders?

My friend Dr. Richard Blackaby wrote an essay titled “The Time for Leaders.” He began it this way:

“Historians have long debated the question of whether history makes great leaders or whether great leaders make history. Is it possible to be a great leader without facing adversity? Generals do not become famous in peacetime. They only maximize their leadership capacity in battle. True leaders don’t complain about adversity; they thrive in it.

American historians have argued over who the greatest American presidents have been…. [click here to read on]

 

Here are a few Business and Life tips to think about….

Business Tips:

  • Some say that luck is when preparation meets opportunity. I’m not a believer in luck, but I am a believer in preparation!
  • An entrepreneur is always thinking of how she can fill a need or do things in ways that have never been done before. What can you do?
  • When hiring a leader, look for honesty, intelligence and drive. Without the first trait, the last two could destroy you.

Life Tips:

  • If you really want to change something, change the way you think. That starts a process which enables change to occur.
  • People who don’t do anything fear making a mistake. I would rather make a mistake than do nothing. What about you?
  • True life balance is the ability to be great at what you do without being bad at everything else.

 



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“I needed help orchestrating a succession plan for our business. I had heard that Bill Boyajian specialized in assisting owners to transition their business to the next generation. He knows how to bridge the generation gap and deliver what each needs to hear. I would recommend Bill to any business owner who needs advice on succession planning from a trusted outside professional.”

–Charles Denaburg,
Managing Partner,
Levy’s Fine Jewelry
Birmingham, AL

"Our family needed some guidance on business transition and succession planning. We asked Bill Boyajian to help us because we knew we could trust him to tell us what we needed to hear. Bill became a valuable resource for our company and our entire family. He has the ability to meet each of us where we’re at and it has served us very well."

–Ceylon Leitzel
Leitzel Fine Jewelry
Hershey & Myerstown, PA

“We needed a plan to transition our business to a non-family member and we asked Bill Boyajian to help us. His experience in the area has really paid off, but we didn’t expect the added value of putting us together with a financial planner who helped organize our retirement needs. We now have the fundamentals to transition our business successfully, and we have Bill to thank for it.”

–Ernie & Debbie Cummings
Kizer-Cummings Jewelers
Lawrence, KS