What Old Inventory is REALLY Costing You

What Old Inventory is REALLY Costing You

Hosts Jimmy DeGroot and Kyle Bullock tackle a common problem for independent jewelers: over-inventory. They argue you must think like a retailer, not a curator, and explain why excess stock kills cash flow, ages your cases, and loses to competitors who refresh inventory and focus on fast sellers. The episode gives practical next steps—run your inventory-turn report (365 days), aim for a 1–2x turn, de-inventory slow movers, prioritize fast sellers, and put systems or a staff inventory lead in place to sustainably increase sales and profitability.

How Much is Enough?

Hosts Jimmy DeGroot and Kyle Bullock explore how jewelers and small business owners can stop chasing endless growth and instead set clear, attainable goals. This episode focuses on defining "enough," prioritizing profit and average sale over top-line obsession, and learning to savor wins rather than always chasing the next one. Practical tips include asking "what's enough?", improving margins and average sale, and committing to two daily priorities to make steady progress while preserving life outside the store.

Invest in Your People

Hosts Kyle Bullock and Jimmy DeGroot discuss Matthew Kelly’s The Dream Manager and how jewelers can reduce turnover and boost engagement by investing in employees’ personal goals, creating systems to learn individual dreams, and balancing staff quality of life with store needs. The episode covers practical steps for managers—conversations about ambitions, tailored training, flexible scheduling, and using consistent coaching—to build a people-first jewelry business that grows slowly and sustainably.   Contact Us - Learn How to Grow Your Profits and People for a Greater Purpose jimmy@trainretail.com [jimmy@trainretail.com] kyle@trainretail.com [kyle@trainretail.com]

Stop Selling According to Your Wallet

Do you feel the pressure to grow your business, but doing so feels a bit like drowning? Hosts Kyle Bullock and Jimmy DeGroot tackle a common problem in jewelry retail: salespeople "selling from their own wallet" — defaulting to lower-priced, lab-grown, or special-order items instead of showing and selling higher-value, emotional purchases. This episode shows how to spot the issue in your POS metrics, shift mindset and merchandise, and train teams to "show and sell" natural pieces first, favor in-stock bridal, and improve average retail, profit contribution, and customer delight.

Are You Content with Good Enough?

This episode explores why many independent jewelers are overworked—often 50–60 hour weeks, while settling for "good enough" instead of innovating. Hosts Kyle Bullock and Jimmy DeGroot share industry data on owner hours and take-home pay and call out the cultural resistance to change. They outline practical paths to free owners from long hours through better systems, training, personalized customer experiences, and smart use of technology to boost profit and team performance.