If you want your pawn business to survive and thrive in this new world of 2020, you need to Pawn with a Purpose. The world has changed for pawnbrokers today without question. Our normal customer base has not needed loans and with another stimulus check coming, that is certain to continue. We cannot continue to [...]
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So far Vernon Stading has created 60 blog entries.
In the pawn industry, there have been many key learnings that we have all had so far in the midst of the Covid-19 pandemic. Today we want to share what we think the biggest things that pawnshops must do to survive, thrive and be ready for the next major storm are. The first one seems [...]
We are often told by folks that are interested in our services, "we have already had a financial and key metric review by your competitor and we do not need another one". We realize that we need to do a much better job of explaining who we are, what we do and just exactly how [...]
We have been getting tons of calls and questions about what what the PPP needs to be spent on and how it can be used to help your business in this trying time. Our clients want to know if they can pay us with some of the funds, get the support that they need to [...]
As a vendor to the pawn industry, with all the cancellations and rescheduling of shows we have found out firsthand that we need more resources and opportunities to reach the pawnbrokers with our products and our services that make their businesses thrive. Even if there is never another interruption in services again like Covid-19, we [...]
As a business owner have you missed family functions due to work? Your kids’ special occasions or milestones? What about anniversaries? If so you are not alone! According to a study done in mid-2016 of businesses owners in America we find that 81% of them didn’t take a vacation of more than 2 days off [...]
In this new world we are living in, it is hard to know who or what to believe. One fact that remains consistent is that our customers need us. But how can you service those customers, get them the most money possible, pay your bills and take care of your staff without having to lay off? Whatever your [...]
Many pawnbrokers have asked for help that they can use (and afford) right now as we head into uncharted territory. We think we are a good fit for this because of all of our standalone services, we picked out what we think are the best fit for this time given what we are going through [...]
Pawnbrokers by nature are very hard working and very proud people. Given how hard they work, can you imagine how frustrating it must be to know that there are circumstances that are beyond their control lately that are dictating change in their life and their business? According to associations and large companies in this industry, [...]
This past week has been one heck of a wild ride with the uncertainty of the Corona Virus and wondering how it will impact us in the pawn industry. We have been flooded with calls at our office with questions, concerns, fears and event pleas for help as some are expecting the worst. Many of [...]