“It’s My Store. I’m Never Leaving.” What One Employee Taught Me About Building a Culture of Ownership

entrepreneurship - business culture

If you follow me, you know I have devoted my life to entrepreneurship. When a business owner needs help, I always try to be there.

This week, I had the pleasure of meeting John of John’s Crazy Socks. John is smart, focused, and building something special. After hearing about his new brand, Wahoo Market, I believe he has another winner in the making.

John is a no-excuses entrepreneur.

He has Down syndrome, but as he made very clear Thursday morning, Down syndrome is not going to stop him from pursuing his dreams.

He shows up.

And every entrepreneur knows that sometimes showing up is half the battle.

Entrepreneurship Is Never Easy

Being an entrepreneur means having a hundred things competing for your attention.

Branding. Logo design. Sales. Customers. Employees. Marketing. Operations.

The list never ends.

But there is one thing John has clearly gotten right:

Culture.

During my visit, I spoke with an employee named Cat. She told me:

“I’m never leaving. It’s my store.”

John immediately jumped in:

“It’s my store!”

Cat answered right back:

“It’s my store!”

I thought about that conversation all weekend.

Because those three words — “It’s my store” — say a lot about a company.

They represent pride. They represent loyalty. They represent belonging. And most importantly, they represent ownership.

Do Your Employees Feel That Way?

Ask yourself a question:

Do the people who work for you feel like they are simply employees, or do they feel like they are part of what you are building?

Do they believe in the company? Do they understand the mission? Do they take pride in its success?

Imagine what your business could become if every person on your team felt the way Cat does.

Imagine hearing your employees say:

“This is my company.”

“I helped build this.”

“I’m proud to be here.”

That kind of culture cannot be purchased.

It has to be built.

What John Reminded Me About Leadership

John, I want to personally thank you for the lesson.

After a lifetime of entrepreneurship, I am still learning. And you reminded me that I can do an even better job creating that feeling of ownership inside my own businesses.

Here are four lessons I took away from the experience:

  1. Let Your Employees Know You
    Give your team an opportunity to understand the person behind the business. Let them know why you started it, what it means to you, and what you are trying to accomplish.
  2. Be Transparent
    Don’t only share the victories. Let your employees understand the challenges, the goals, and the journey. When people understand where the company is going, they can better understand the role they play in getting it there.
  3. Bring Enthusiasm Every Day
    Culture starts at the top. If you believe in the business, your employees can feel it. Your excitement, commitment, and energy become contagious.
  4. Build Something People Are Proud to Call Their Own
    The goal should not simply be to create employees. The goal should be to create believers — people who care about the company, people who want it to succeed, people who proudly say “It’s my store.”

John, thank you for being you.

Thank you for reminding me that some of the greatest lessons in entrepreneurship don’t come from spreadsheets, business plans, or boardrooms.

Sometimes they come from listening to the people standing beside you.

And when your employees start saying “It’s my store,” you may have built something far more valuable than just a successful business — you may have built a culture people never want to leave.

 

Buying a Laundromat

There’s a particular business you can own and operate that will consistently turn quarters into thousands of dollars. It’s a stable, profit churning business that only requires your presence on a part-time basis. A business rooted in taking care of one of life’s basic necessities, which safeguards it from even the worst of economic downturns. This is an industry where there are virtually no sales tactics or persuasion skills needed in order to get customers. In case you were wondering, the business that is being described is…The Laundromat.

The pro versus con list of owning a Laundromat heavily favors the pro side. This business is SAFE because it’s not influenced by the economy. The simple fact is people need to clean their clothes regardless of the country’s economic state. Then there’s the age-old adage of ‘location, location, location.’ Well, Laundromats can be successful and profitable in most communities. However, in neighborhoods with high rental occupancies, this business is exceptional. Typically, running a successful business can take a big chunk out of your personal time. Laundromats are different. As individuals who own Laundromats can attest, the beauty is the part-time hours. According to Brian Brunckhorst of www.buyalaundromat.com “if run properly, a Laundromat should only require 5 to 15 hours a week of your time. Don’t waste your time getting a second job, instead own a part-time business and a Launderette is truly one that can be run part-time.” More so, Laundromats do not require you to roll up your sleeves and sweat in order for you to earn your money. This is one of the few businesses where your customers are doing all of the labor and paying you! Your job is solely to provide and maintain competent washers and dryers. Finally, the most important reason to buy a Laundromat is that it is an ALL CASH BUSINESS. Customers pay in cash in order to use your machines. There are no checks, there are no debts, and there is no waiting.

Laundromats are an amazing business and investment vehicle. They don’t require experience or any special training and are simple to operate. It’s an industry that only continues to grow and can provide you with an amazing opportunity to make money.

FOR MORE INFORMATION, PLEASE CONTACT US

Toll-Free: 1-877-Sell-A-Biz (735-5224)

Looking to Find the Right Business?

How About a Laundromat?

There’s a particular business you can own and operate that will consistently turn quarters into thousands of dollars. It’s a stable, profit churning business that only requires your presence on a part-time basis. A business rooted in taking care of one of life’s necessities, which safeguards it from even the worst of economic downturns. This is an industry where there are virtually no sales tactics or persuasion skills needed to get customers. In case you were wondering, the business that is being described is…The Laundromat.

The pro versus con list of owning a Laundromat heavily favors the pro side. This business is said to be safe because the economy does not influence it. The simple fact is people need to clean their clothes regardless of the country’s economic state. Then there’s the age-old adage of ‘location, location, location.’ Well, Laundromats can be successful and profitable in most communities. However, in neighborhoods with high rental occupancies this business is exceptional. Typically, running a successful business can take a big chunk out of your personal time. Laundromats are different. As individuals who own Laundromats can attest, the beauty is the part-time hours. According to Brian Brunckhorst of www.buyalaundromat.com “if run properly, a Laundromat should only require 5 to 15 hours a week of your time. Don’t waste your time getting a second job, instead own a part-time business and a Launderette is truly one that can be run part-time.” More so, Laundromats do not require you to roll up your sleeves and sweat for you to earn your money. This is one of the few businesses where your customers are doing all of the labor and paying you! Your job is solely to provide and maintain competent washers and dryers. Finally, another reason to buy a Laundromat is that it’s an ALL CASH BUSINESS. Customers pay in cash to use your machines. There are no checks; there are no debts, and there is no waiting.

Laundromats are an amazing business and investment vehicle. They don’t require experience or any special training and are simple to operate. It’s an industry that only continues to grow and can provide you with an amazing opportunity to make money.

Gas Station Businesses for Sale at Vested Business Brokers

Vested has hundreds of gas station businesses for sale in its ever-growing data base. The video below highlights a small handful of the gas stations/convenience stores (C stores) currently available at Vested Business Brokers.

Gas station businesses are in high demand so if you find one on our website that you like make sure to let one of our brokers know that you’re interested. You can be sure that the high volume/high traffic gas stations available today will NOT be available for too long. So don’t Delay!

If you’re interested in buying a gas station/convenience store…call Vested Business Brokers today at (877) 735-5224 to speak to one of our experienced brokers.