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Jewelry Repair &Design
      Paul Shefer

   Stephen C. Hewston
     Nichols College
      MGMT 100-01
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
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
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!
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!!!
Jewelry repair &design b&s
Dealing with the Competition

• Beat their prices



               • Unbeatable Quality
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
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.
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
Thank You!

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Jewelry repair &design b&s

  • 1. Jewelry Repair &Design Paul Shefer Stephen C. Hewston Nichols College MGMT 100-01
  • 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