One More Tip for Struggling Businesses

Over the past three months I've written about five tips for struggling businesses. During my own career, I've had my share of dealing with stressed businesses—from the original Krementz, to William Schneider, to JCK, and finally the dramatic decline in the diamond business beginning last year. Each firm had its own unique set of problems, but they all come back to management: The people. The decisions. The timing of the decisions. At the end of the trail, the decisions we make or fail to make as managers determine the fate of the business. At Krementz, it was too much inventory and too much borrowing combined with an overhead structure that was too large for the size of the business. At Schneider, it was a bad business model relying on novice sales personnel to replace a professional sales organization. JCK was the one bright light in the troubled seas, where we overcame a signific
JCK PRO

This content is exclusive to JCK Pro subscribers. Subscribe now to access this and much more with discount code GOPRO21 for $199 for an entire year of access (reg. $249).

SUBSCRIBE TO CONTINUE

Already a JCK Pro? Log in

A JCK Pro subscription is your all-access pass to people and resources on the
cutting edge of the retail jewelry industry, from the industry authority you
know and trust

Learn about the Perks of JCK Pro

Log Out

Are you sure you want to log out?

CancelLog out