Tuesday, July 1, 2025

 

It took many years for the store to get to where it is. During most of those years I not only couldn't afford to carry 100% of what we should, I was probably only getting half to two/thirds of the way there. 

Now? The only thing stopping us is lack of space. We have gotten to that 100% and surpassed it and it shows. Now people come in and there is a very good chance they'll find something interesting. It's the excess inventory that causes the average to stay steady.  

It's made me refine my notion that the most important element of success is to think for yourself. Or more clearly, to separate the bullshit from the reality. So many businesses are concerned about their image, how good looking they are, how wonderful it all feels.

But books are our image. The more and better books we have, the better our image. I assure you that no one sees that the wall is patched in places, or the there is a bit of dust here and there. Not that you shouldn't try to fix that, but just that there is a lot of leeway--if you are otherwise doing the job of getting good product at affordable prices.  

If you've got the space and the fixtures and the manpower, then the most important thing to have is inventory. Somehow I understood that from the beginning and always plowed the bulk of our gross profit back into the store. In the last fifteen years or so and especially in the last five years, we're finally getting rewarded for that. But that meant we spent 25 years getting there. 

It wouldn't have taken so long if I hadn't made so many mistakes, but mistakes are how you learn what not to do. Experience is what teaches you what to do.

1 comment:

Duncan McGeary said...

Needless to say, the movement toward new books turned out to be a good move.