Should Your Pawnshop Need Funding or Line of Credit to Grow? “If a business is growing its loan balance & running its operation properly, should it need to borrow money to continue growth and achieve maximum profitability?” Dan Reynertson Every time we land a new client, we get asked 3 questions . The first question [...]
As you know, we love the pawn industry. This past week as we presented and exhibited at the NPA Convention in Las Vegas I heard something very disturbing. I must have heard at least 200 owners talk about how they are not making money the way they used to in this industry. What is more disturbing [...]
Rich?!…… I know that money isn’t everything and in fact it isn’t the biggest driver of many people. But I will never forget when I first heard those words spoken to my old boss. The best consultant that I have ever worked with in the corporate world looked my then boss square in the eye [...]
For more than 10 years we have grown accustomed to watching TV shows that glorify the pawn industry and how much money that could be made in that business. During this time frame, it seemed like everybody wanted to open a pawn shop or for those that were already owners, wanted to expand. Fast forward to [...]
