The way jewelers do business is changing, especially over the past 18 months, and many jewelers are finding other ways to buy and sell their pieces. One of those alternative ways is with private showings which may involve one party renting a hotel suite or other reservable space and sending invites to prospective buyers.
While these private shows are another way to pivot your business strategy to facilitate meaningful connections, you still need to be vigilant when it comes to keeping yourself and your inventory secure.
As a manager or owner of a jewelry business, you have a lot of difficult decisions to make.
Even if they're not the first things that come to mind, hiring and firing decisions are probably some of the most difficult ones a manager or business owner need to make. There are a lot of emotions involved and sometimes financial stakes at play. Whatever the reasons, creating new ties with another person or severing old ones often result in high stress.
The amount of active shooter incidents has underscored the need for a coordinated response by law enforcement and communities to save lives.
Although local and state law enforcement agencies are typically the first to arrive at the scene, successful prevention of these active shooter incidents lies with a wide range of public and private entities working together.
Jewelry businesses aren't impenetrable fortresses by any stretch of the imagination, but the physical protection they can provide against crime is often taken for granted.
When traveling to a prospective business partner or trade show with a sizable amount of jewelry inventory, your're without the typical safeguards you're used to: no ultra-durable safe or vault to store merchandise, no video surveillance system to keep an eye on suspicious activity, and no alarm to alert you of danger.