Pawn Shops Early Indicators of Economic
Ladies and Gentlemen in Pawnland!
At long last the industry’s FIRST Pawn Peer Group Meeting is about to go down. We are gathering in Los Angeles this week to the set in motion an historic moment for our Industry.
The Pawnshop Consulting Group is delivering up yet another first for our beloved industry with the Focus Groups. This is is our Group I that consists of the 5 store or less operators.
We will be meeting in Los Angeles this week to witness a case study of Sam Shockett’s King Pawn operations based in the Los Angeles basin area as well as working our high-level synergy group sessions after the tours conclude and the work begins.
The Pawnshop Consulting Group IS actively seeking other innovative operators that would like to part of an “Exclusive Opportunity” to work within like minded Peer Groups to further develop their businesses, their income and long term professional relationships that could last a lifetime.
These groups allow for REAL interaction between the members and encourage networking and innovative trade and operational sharing all at the next levels.
The groups are kept to no more than 15 corporate members, they meet twice a year in member’s markets to critique and tour their operations live and then to work in group functions at their gatherings.
Peer Groups and the concept for them have been around for many decades and this is the first of kind for the Pawn Industry.
We are working on three new groups currently, these will be the less than 5 stores in operations and the over 5 store groups as well as an International peer group.
Here is the outline of events for our Groups I meeting this week in Los Angeles, enjoy the read!
The Pawnshop Consulting Group has been working for years to develop the next level of high-level interaction between pawnbrokers and other professionals in our industry and we are proud to roll out the first ever – “Pawn Focus Groups”.
Participation in the groups represent real opportunities to witness and work with a wide variety of fellow operators and freely exchange best practices and much more up close and up front.
Membership to these groups provides unique networking opportunities and so much more as we begin to collectively explore all boundaries of our beloved profession together while developing life long relationships with other like minded people.
We have a number of tasks to complete and here are the updates on the upcoming event in LA.
Here is the schedule and agenda’s as we have them set for Group I meetings in Los Angeles the 25th – 27th of April 2012:
April 25th – Load in Portofino Hotel
April 26th – 8:00 am – Breakfast Pacific II Ballroom
9:00 am – ON Van – Kings Pawn Tours Los Angeles, Catered Social – Sam Shockett’s home – return Portofino 11PM (All day out from Portofino) Stops will include Luncheon mid-day FYI
April 27th – 8:00 – 9:00 am – Breakfast Bayside Ballroom
9:00 – Noon – Session I – Bayside Ballroom – Orientation to Group participation/expectations, member introductions and short bio/history, ground rules and language agreements
Noon – 1:00 pm – Luncheon Bayside Atrium
1:30 – 2:30 pm – Session II – Discussion King’s Pawn Operations Q&A with Mr. Sam Shockett – Open Forum
2:30 – 3:00 pm – Session Break
3:00 – 5:00 pm – Outtakes on Peer Groups – Brad Huisken – Jerry Whitehead – Groups Development Discussions Items’ on agenda for group votes:
• Number of attendees allowed for each member at group meetings
• Date Parameters for next group gathering, group member volunteers for next tour / meeting region for groups – votes on next destination
• Agenda or Topics of interest to members to focus on for next group meeting and preparation – some suggestions to offer would include the following:
o Financial Benchmarks
o Marketing Strategies
o Website or Social Media
o Best Practices
o Human Resources
o Productivity or Commission Programs
o Loss Prevention
o Merchandising Programs – acquisition or disposal techniques for inventory
o Store Concepts
o Industry Trends
5:00 pm – Conclude Initial Sessions
7:00 pm – Group out dinner – short walk from Portofino to Chart House Restaurant – Beach Area Redondo Beach
April 28th – 8:00 – 9:00 am – Breakfast – Pacific II Ballroom
9:00 – 11:30 am – Session III – Pacific I Ballroom – Each member group provide 15 – 20 minute presentation on current marketing strategies – marketing needs or concepts to be explored with group
11:30 – Noon – Session Break
Noon – 1:00 pm – Luncheon – Pacific II Ballroom
1:30 – 3:30 pm – Session IV – David Johns – Human Resource Introspect
3:30 – 4:00 pm – Session Break
4:00 – 5:30 pm – Wrap up member feedback, recap goals and agendas for next group meeting
Open Evening- Saturday night Redondo Beach – Cocktails, music, food? We have some options
New Groups Being Formed NOW
Hope you folks enjoyed the read, please be sure to check out out 2012 International Pawn Symposium & Conference that is happening this September in the Cayman Islands.
Pawnshop Consulting Group, Inc.
Don’t Forget to Sign up for our Newsletter on the right sidebar – just enter your E-mail Address, Solve the CAPTCHA Code and then you’ll get a confirmation E-mail – just click the Link to Activate your Subscription – so you can keep up with our latest news!