Business Observer with Vernon Stading - Volume 1

Posted on 08 Nov 2017



"My name is Vernon Stading and I am the owner and founder of Devoted Business Development and we help pawn shops and jewelry stores make more money and be more profitable. I got into this business really kind of by accident, one of the fun stories I like to tell is that my background is actually in franchising.

I started in the restaurant and hotel world and through connections in business, worked my way into the accounting world where I was an executive for H&R Block. From there I got to meet people within the Payday Loan industry and the Pawn industry and the rest, as they say, is history.

It was kind of an easy transition for me. I used my merger and acquisition experience from the corporate world and put that to work within the pawn world. I was slated to basically come in and buy these pawn shops for the guy that I worked for and help him – help them make more money. Get them fixed; turn around operations and put my client's logo on them once the operation was fixed.

So we have a strong background in helping pawn shops turn around quickly so, if it’s a struggling business or even if it’s not a struggling business we’re able to find some things that are pretty glaring within an operation, just from an outside set of eyes to come in and help these pawn shops make more money."

Stay tuned in the coming weeks for tips for your pawn shop. With these tips in mind, you’ll be well on your way to developing a business plan that’s a force to be reckoned with.

We evaluate and train on these things and many more with our Pawn Shop Health Check!

Vernon Stading

Written by Vernon Stading

Vernon has a passion for helping businesses be more successful and that is why he founded Devoted Business Development and the Small Business Advisory Board of MN. He has a strong leadership background and has been helping business owners succeed and make more money for more than 15 years. Vernon has extensive knowledge in the retail, pawn, jewelry, financial services and hotel industries and he worked for two international franchise companies before learning the pawn industry. He got to learn from the pawn business experts who are looked at as leaders and revolutionaries in the industry. Vernon also met many other folks that were nationwide and international consultants along the way who have a lot of great ideas and suggestions on how to improve businesses in this industry. Vernon learned the business so well, that after leaving that organization, he started his own consulting firm with most our first clients being pawn stores. He was approached by several nationwide chains and asked to do merger and acquisition for them. He got to experience firsthand the amazing and fast-paced growth of small, medium, and a large sized chain by buying other organizations, fixing them and putting their name and brand on them. He was able to work with every type of location, from the 38,000 square-foot Taj Mahal pawn shops to the 2,000 square-foot hole in wall, and everything in between. In addition, he is an expert at helping business owners create processes, systems, policies and procedures that streamline their business and ultimately help them make more money with less work. Regardless of what your business needs are, he is an ideal candidate to help take your company to the next level.

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