I can't make the claim to have single-handedly found the location for the store, negotiated the lease, constructed the fixtures for the grand opening two weeks later. There were a few key players, namely my soon-to-be business partner, my girlfriend at the time, and most importantly, my folks.
To be certain, my girlfriend and partner collected materials, including books, lamps and chairs, but the majority of the purchasing for the grand opening came from the diligence and hard work of my Mom and Dad slogging through garage sales. Ever toiling in the background, while I continued to hold down my job at a store that would some day be our competition, they accumulated books. For 3 to 4 days a week they would map out a route of garage sales listed in the newspaper, careful not to backtrack and end up at the same sale twice. They made shopping for books as efficient as possible in both time management and fuel consumption.
They also secured my first loan. A relatively modest sum of money yet, for me, at the time, a king's ransom. This would end up being my primary investment in the enterprise, with my business partner matching the contribution. It was only 3 weeks later when we realized we didn't have enough funds to cover operational costs, most of which required cash. Back to the bank, to raise the ceiling on my loan.
It took more than a year to amass 4000 books, enough to get us off the ground, eventually organizing them into categories on the floor of my parents' basement - the foundation of the eventual sections in the store. As more and more books were collected, they became more knowledgeable and selective, and by incorporating trips to estate sales, thrift shops and fundraisers, were able to get their hands on some real gems. I would accompany them on these forays whenever possible, and we would end up in discussions over which books should be purchased, and what materials should be included in a bookshop.
Mom has been a lifelong reader, and, throughout my childhood I can't recall a time where she did not have a book on the go. I guess that has always left an impression on me, feeding my insatiable curiosity. She was a stay-at-home Mom to 4 children, and it is worth mentioning, a font of knowledge, and a culinary inspiration. My Dad had worked for a large national corporation before taking early retirement in the late 1980's. I think his heart may be in his art though. He works in acrylics and oils, and one year presented me with a painting of the store, having whimsically added a character peering through the window. It turned out to be the uncanny resemblance to a young man who became a regular in the shop.
Though neither of them had small business experience themselves, they really took the time, helping me methodically and logically plan the necessary chain of events to get the doors open. It felt like they cared, and they really did. Later, they became my sounding board when issues arose regarding my business partnership and lease negotiations.
Five years into operations, following an audit of our electrical system, we discovered we had been paying for the power use of 3 other businesses in the building, including a video game developer, an environmental organization, as well as a large, well-lit outdoor billboard attached to the building. Dad helped me draft a letter to the landowner for compensation, and we got most of our money back.
They were always there, part of the store from it's inception to it's demise. When attending musical and poetry events, they would almost always bring food, drinks and other treats to assure I had "bums in seats". I don't think I'll ever get over the notion that I let them down somehow.
To be certain, my girlfriend and partner collected materials, including books, lamps and chairs, but the majority of the purchasing for the grand opening came from the diligence and hard work of my Mom and Dad slogging through garage sales. Ever toiling in the background, while I continued to hold down my job at a store that would some day be our competition, they accumulated books. For 3 to 4 days a week they would map out a route of garage sales listed in the newspaper, careful not to backtrack and end up at the same sale twice. They made shopping for books as efficient as possible in both time management and fuel consumption.
They also secured my first loan. A relatively modest sum of money yet, for me, at the time, a king's ransom. This would end up being my primary investment in the enterprise, with my business partner matching the contribution. It was only 3 weeks later when we realized we didn't have enough funds to cover operational costs, most of which required cash. Back to the bank, to raise the ceiling on my loan.
It took more than a year to amass 4000 books, enough to get us off the ground, eventually organizing them into categories on the floor of my parents' basement - the foundation of the eventual sections in the store. As more and more books were collected, they became more knowledgeable and selective, and by incorporating trips to estate sales, thrift shops and fundraisers, were able to get their hands on some real gems. I would accompany them on these forays whenever possible, and we would end up in discussions over which books should be purchased, and what materials should be included in a bookshop.
Dad's painting, store name blurred |
Though neither of them had small business experience themselves, they really took the time, helping me methodically and logically plan the necessary chain of events to get the doors open. It felt like they cared, and they really did. Later, they became my sounding board when issues arose regarding my business partnership and lease negotiations.
Five years into operations, following an audit of our electrical system, we discovered we had been paying for the power use of 3 other businesses in the building, including a video game developer, an environmental organization, as well as a large, well-lit outdoor billboard attached to the building. Dad helped me draft a letter to the landowner for compensation, and we got most of our money back.
They were always there, part of the store from it's inception to it's demise. When attending musical and poetry events, they would almost always bring food, drinks and other treats to assure I had "bums in seats". I don't think I'll ever get over the notion that I let them down somehow.