2. What type of business is Jewelry
Repair & Design?
• L.L.C. (Limited Liability Company)
– All partners in the business are protected against
any of the things that can happen to the company
legally.
– Cost less to open an L.L.C.
• Both a Product and Service
– Service of repair and designing
– Product of premade and custom jewelry
3. How JRD came to be
• Paul’s parents and cousin worked in the field
– Began working after college
– Had a short partnership in Poland but didn’t last
• Didn’t need much money to begin
– Mostly needed time
• Whys start his own business?
– Needed a job
– Loves the work and customers
4. Successes?
• What constitutes being successful?
– Money earned or growth?
– Customer loyalty and satisfaction?
• Both of these in Paul’s eyes
– Makes customers so happy
– Grows most every year
• Does he see himself as successful?
– Yes he does!
5. Opening a Business is Challenging
• Not for Paul
– Least favorite was dealing with taxes
and any paperwork
– Deals with it by understanding it
needs to be done
– Competition!!!
7. Dealing with the Competition
• Beat their prices
• Unbeatable Quality
8. For the Future
• Expanding the store and • Spread the name of
inventory Jewelry Repair & Design
• Include laser cutting through more than
and engraving customer’s word of
mouth and Facebook
9. Other Questions
1. Why Jewelry?
Father and cousin helped him discover his love
for Jewelry design.
2. Would he ever want to start his business
back in Poland?
Never (economy is not the same)
3. What is different about running a business
here?
Much of it is the same paperwork and work.
10. Summary
Paul’s Advice for
everyone is to…
• Do what you like for a
business of your own
• Do research on where
you plan to open