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Tag Archives: store owner

  • 7 Product Learnings from Our First Brick and Mortar

    In October, we opened our first Grommet store and after a whirlwind holiday season, there are so many stories to tell from that experience. Of course, what you as a store owner really want to know is what sold and what sold that surprised us.

    Sure, some top sellers like Pinch Me, Duke Cannon, Peeps, Aftershokz, and Chateau Spill had great results, but there were a number of unexpected products that stopped our guests in their tracks and made them say,"now THAT'S interesting." 

    So, without further ado, here are the top 7 products surprises and my thoughts on why they performed so well. 

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  • Understanding Section 179 for Your Small Business

    Most small businesses point to access to capital as the number one hurdle in growing their business. With it, they can hire, purchase inventory, upgrade equipment, and increase marketing efforts. But even the application for that funding can be cumbersome.

    To help you or another small business gain access to capital, our affiliate partner Kabbage reviews basic business information to understand performance and deliver flexible funding online or through their app. It's a modern-day solution to an age-old problem.

    Courtesy of Kabbage

     

    Their site is brimming with helpful resources for small businesses from their blog to case studies to their small business toolkit. But here, we're going to focus on one specific issue: section 179.

    Section 179 applies to tax deductions for business depreciation of property. While it won’t increase the overall deduction you can take, it does give small businesses an option to take their deduction more quickly. With Section 179, a company can deduct the full value of certain business equipment purchases in the same tax year that the purchases are made, instead of spreading it out over many years.

    We asked Kabbage to break down the details of Section 179 to help make it clear and simple.  
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  • You are the Key to a Successful Small Business Saturday

    You are the last person we need to be telling that Small Business Saturday is this weekend. You’ve been spending the last few weeks readying your store, inventory, and mind for the rush of holiday shoppers and us hyping it up won't do anything to change that.

    The only thing left to be said is you, yes, you, are uniquely prepared to have the most successful Small Business Saturday your store has ever seen. And that is because your store has something that no other store on Earth has — you.

    You bring a knowledge, expertise, and personable approach that is unmatched. Those characteristics are the engine of your store, let them power each interaction you have with a customer whether they’re merely browsing or unloading an armload of merchandise. We certainly hope it’s the latter.

    You’ve read enough “Retail is Dying” headlines this year to make your head explode. We don’t need to tell you this either, but Retail isn’t dying. It’s changing. It is craving a personalized approach that offers something a website can’t — you.

    You have the ability to create an experience for a shopper that can leave a lasting impact. From suggestions to information to stellar service, these experiences will shape the foundation of Retail’s next chapter. And we can’t wait to see what you do to usher it in.

    If you’re looking for specifics, we have a few other blog posts with last-minute tips for Small Business Saturday. We’ve found demos with our products to be particularly engaging with customers. If you’re looking for inspiration for how to bring any of our products to life, browse our site and watch our videos to learn more about the use cases for each.

    The Grommet opens it's first retail location in the Natick Mall

    As a store owner, the 96 hours post-Thanksgiving are a blur traveling at hyperspeed. With customers’ attention being vied for at every second, making an impression, let alone a sale is like trying to harness a tornado. We are here to be a resource in any capacity we can and we look forward to gathering our own learnings from our stores in Natick and Boston so as to improve our own service. 

    But for now. Best of luck. We are rooting for you. And we are thanking you for supporting local Makers and your fellow small business owners. You are helping shape our economy and country and we’re glad to be working alongside you.

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