Entrepreneurship

Entrepreneurship for Antique Stores, small business, startups, management, finance, and planning.

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Elements Shifting Power from Antique Dealers

In October of 1991, the strongest storm in recorded history hit off the coast of Gloucester, Maine. Created by three storms combined into one, it was dubbed “the perfect storm,” and created almost apocalyptic conditions in the Atlantic Ocean. The storm was recounted in the book The Perfect Storm by Sebastian Junger and the Warner […]

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exit

An Antique Shop Owner’s Exit Strategy Takes Time and Preparation

If the Grim Reaper had to earn a living like the rest of us, he’d probably become an auctioneer. He would trade his hood for a snappy-looking hat and his scythe for a gavel. He would preside over the demise of businesses, and as each asset passed the block his gavel would sound like thunder […]

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encyclopedia

What Antiques Dealers Can Learn from Encyclopedia Britannica

In 1993, Encyclopedia Britannica had the most profitable year in the company’s history. Two years later, the company was nearly bankrupt and was sold for below book value. What happened in those two years? Most folks would say that Britannica was done in by Microsoft Encarta. In 1993, Microsoft purchased rights to the Funk & […]

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appraisal

Appraisal vs. Opinion of Value

My friend Jennifer, a Port Shopping Ambassador on a cruise ship, related the following story: a passenger purchased an antique clock from a store in Amsterdam, Holland for around $3,000 USD. The following day, the passenger got a serious case of buyer’s remorse, and sought to return the clock on the basis that the item […]

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