Our 27 year old has worked in the business on and off throughout his school years. He is now in law school. Our 21 year old daughter just graduated from college and has no interest whatsoever. Although they have benefited enormously from the income that our business has provided, they have both seen the financial ups and downs, the long hours, the backbreaking costs of health care, and the stresses of thier parent's lives while running a retail business. No, they are not interested. Our older one thinks he could perhaps one day run it without dedicating his life to it. We know better.Kirstie,
Good answer. Has your daughter worked in the business, and does she have any interest in continuing? My 16 year old is very negative about the industry.
William Parker MCPF GCF
They all grew up with computers and the Internet, and this is huge. They will create jobs and companies far different from the ones we know today.
What bearing does all this have on the furture of framing shops? I'm not sure but we had better find out. My educated guess is Internet sales will increase within this group. Yet, they also like to shop in person--at least the girls do.
Generation X (Age 28-43)
Core Values Diversity, Thinking Globally, Balance (personal life/work), Techno Literate, Fun, Informality (Casual Friday), Self-reliance, and Pragmatism.
Cultural Memorabilia “The Brady Bunch”, Pet Rocks, Platform Shoes, “The Simpsons”, Dynasty, ET, and Cabbage Patch Dolls.
William Parker;483781 In my mind said:It's funny you should bring up who to sell a business too.
I've been talking with two former workers of mine, one a Gen Xer, the other a Millennial about buying my business.
They both got away from framing for a few years, and now are looking to get back into it.
Why they would want to get back into the dog eat dog of retail framing I have no idea.
William, there is no Woodie out front, although I would love to have one.
I have been lucky to be able to mix a profitable business with taking off to go surfing and fishing whenever I can get away.
PS. If you and I were really hip, we would change our name from William, to "Will. i. am," like the rapper from Black Eyed Peas.
Having my lunch break, slow day:I will be paying particular attention to the generations that come in to the shop today amd I hpe to report back.
We have quite a few XLs that come in. You'd be right at home with Jeff, Bob. LOL! Some older goats are still shaprer than the young'uns.
The rest of the day was all Boomers except for one GenX. No Millenials today, as far as I know.Having my lunch break, slow day:
So far, people I have personally sold framing to-
An Artcare ready made to a thirty something who is returning is BB frame. (I'm good at that.)
A $400+ order with MG to a late twenties couple about to get married whose parents recommended us
A $350+ order to a baseball fan in his late thirties. Used some surplus fabric mat
A $200 + wholesale resale order to a regular in his late sixties. He is picked up and delivered by the transit bus for elderly in this area.
No boomers, no Millenials, no DIY so far. William, My guess is that the day will be all over the place. Some DIY, more custom, and every generation represented. I'll let you know.
So you’re the one!.....I still have a rotary phone at the farm.....
I missed some earlier discussion. What are you calling the millenial?What great observations, and I would welcome more input. We are still looking for a Millenial frame shop owner.
Totally agree, zip code along with parental and cultural upbringing has a bigger impact.Kirstie said:...I would say price acceptance has more to do with zip code than anything else.
From general experience, I would agree. My parents are now gone, but they would not have set foot in a big box store for many reasons, including physical challenges, lack of personal attention, and a sense of being overwhelmed. Our daughter, 21, shops in chains and big box stores all the time, and rarely steps foot in an independent store. My daughter would tell me it is too hard to return things, and they are too expensive. We are dependent upon Boomers. As they age, we may have a problem. The big challenge is to solve the problem that affects us all. How to attract a younger clientèle as the present one ages?Youngest consumers least likely to shop with us
Yet, the age dynamic was inversely proportional favoring younger consumers shopping Big Boxes heavily with a declining proportion to increasing age
Those little fish who attach themselves to sharks live a pretty good life.
If been at my current location for 17 years, and about 10 years ago an M's moved in across the street 200 yards away.You raise an interesting point; moving into markets without big-box competition. I think that could be a viable strategy as long as the market will support, as yours does, a growing business.
Is anyone near a big-box store, and what has been the effect on your business? Those little fish who attach themselves to sharks live a pretty good life.
William Parker MCPF GCF
1. how does your percentage of Millennials compare to John and Sarah's (7%)?
2. has your business grown in the last ten year?
3. did your business drop when they opened?
4. do you ever get people shopping their prices with you?
William Parker MCPF GCF
Hey Shayla-William and I have served on several panel discussions over the years and his best lines at the events deeals with exactly that. He suggests to drop off a dozen Krispy Kremes to the staff at M's and introduce yourself, offering your services. He says that you may need to do it every 3-4mons because of the turnover...
Always gets a great laugh
Do you actually mean this?Anyone paying any attention to a national survey has lost touch with his customers, has lost the advantage that he has over a more centrally located wider business. We don't need surveys; we see out customers every day.