Starting from Scratch: Unique challenges of first generation jewelers

Opening a new jewelry store is always challenging. But for entrepreneurs with little or no experience in the industry—and without a family history in the business—the endeavor is especially difficult. Besides addressing normal business concerns like cash flow, inventory management, and hiring and managing staff, first-generation jewelers must quickly get up to speed in areas that most second- and third-generation store owners take for granted: product knowledge, dealing with jewelry vendors, buying goods overseas, and understanding the subtleties of how the business works. And because they don't have prior industry experience or a family reputation, first-generation jewelers also find it challenging to secure financing, land "A list" vendors, and negotiate the most favorable buying terms. "I find that most folks starting a retail jewelry store without the help of parents before t

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).


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