The Power of Mom and Pop Businesses
The other day, a friend asked me: “Don’t you worry about the future of Mom and Pop businesses?’
My answer was: “Nope, not at all. The future’s bright for small businesses.”
Here’s how I know this to be true:
3 times a year, I get to witness something amazing that confirms to me that Mom and Pop businesses can overcome any challenge that’s put in their way.
Let me share with you what I get to see:
Most of you know that I conduct a workshop in Colorado called our Destination BootCamp, where for 2½ days, I teach owners and community leaders how to make their businesses and communities irresistible to consumers.
At each BootCamp, owners of retail stores, restaurants, service businesses, professional practices, and even online businesses attend. To paraphrase Forrest Gump’s life’s like a box of chocolates quote, with every BootCamp, “We never know what we’re gonna get”.
Unlike typical association conferences where everyone is from the same industry, our BootCamp mixes business owners from different industries and different parts of the world and puts them together in one room for 2½ days. Most aren’t competition to each other and most have never met before. It surprises me, but I’ve also learned that even business owners from the same city or town who attend together often don’t know each other very well. But it makes sense: Who has time for friendship when you have your business to run?
But here’s what happens when you put this diverse group together and show them new ways to grow their businesses, everyone (regardless of their type of business, their sales volume, the physical locations, or the number of businesses they own), starts percolating together.
It’s not enough to say that there’s an energy that spreads between the participants or a synergy that occurs when you mix these owners together. It’s more than that. When one entrepreneur meets another one, and they start discussing their challenges, I’ve found there is a natural inclination for owners to reach out when someone needs it.
“You’re an owner, just like me. You have a problem?”
“Here’s an idea that’ll help.”
Sometimes I just stand at the front of the room watching as one owner voices a concern she’s having, while another owner chimes in on how he overcame that same problem in a different industry. I watch as owners grow in confidence as they realize that regardless of their business-type or business sales volume, they have information that can help someone else in that room. And in just a matter of hours, I can watch owners who previously didn’t know each other start freely sharing their expertise with the person sitting next to them.
There are moments during every BootCamp where I just stop teaching and as I look out over the room, and I’m amazed at how such different businesses come together, learn together, and honestly share their success stories and business setbacks with each other.
Here’s one of the best stories from our March BootCamp: On the last day of class, Sarah, a retailer from Kansas who owns two retail stores, told me that she had met with Christi, a retailer from Texas who owns a chain of women’s clothing stores, and they had sat up talking until 11:30 at night, as they shared ideas, buying tips, and product sources with each other.
Here’s my challenge for you if you’re a business owner or an entrepreneur reading this blog: Starting today, look around and be aware of that owner down the street who might need some help or advice, who probably doesn’t know how to ask for it. Be aware that one single suggestion from you to a fellow business owner might be the breakthrough that an owner is looking for. From this day forward, instead of just saying hello and walking by a fellow business owner, take some time to engage. To share. To show you’re around, if help’s needed. And when you’re in need of assistance and you’re at wits end, the law of reciprocity will work for you, too, bringing help back your way.
The future of Mom and Pop businesses is extremely bright, especially when independent business owners take time to lend each other a hand, an ear to listen, and have each other’s backs.
Until next week,