Trader Joe's’ Post

On this week’s GHRT rewinds episode, Jim and the Money Men share 7 Financial Spring Cleaning Tips!

🚨 Nugget alert for family-owned businesses 🚨 This amazing interview by Sam Oches and Chip Graeter revealed incredible insights for any family business aspiring to be around forever. Here are 3 crucial lessons (plus one bonus lesson) I learned from working nearly 20 years at Graeter's Ice Cream 💡 1. Unlock Your Core Values and Never Compromise Doing the right thing is never the wrong thing, especially when it is challenging. As your business scales, stick to your core values and commitment to excellence. This builds an intentional culture that strengthens your reputation, earns customer trust, and fortifies your family legacy. Remember, you are building a brand, not just making a sale. 💡 2. Get the Right People in the Right Seats Bringing the right mix of family and external experts into your business can make all the difference. Ensure that each key position is filled by someone who not only fits the role (gets it, wants it, has the capacity to do it) but also shares the vision of where you're going and how you're going to get there. This includes preparing the next generation by encouraging them to gain experience outside the business, broadening their perspectives, and enhancing their skills to better contribute upon their return. 💡 3. Preserve the Core and Stimulate Progress: While you must honor the traditions that define your family business, staying relevant requires innovation and adaptability. Focus on your customers' evolving needs, explore new markets, and be willing to update old practices. Doing so ensures your business not only preserves its core values but also remains vibrant and competitive in a changing market. 💡 Bonus Lesson: Be an awesome human being. This includes appropriately  putting profits back into the business instead of taking them out for extravagant personal use. The right people will want to work harder for you. Customers will want to do more business with you. The community will want you to succeed. Thank you Chip Graeter, Richard Graeter, and Robert Graeter for setting such an incredible example by being awesome human beings. I wouldn't be where I am today without their guidance. 🧡 What are your tips for driving success in a family business? Share your stories below!

To gamble or not to gamble... that is the question (literally) 🤣 In this clip from Born Scrappy with Michael Goldstein🟦 from Alter Trading. We discuss the benefits of locking in your margin and making a profit. Instead of speculating and hoping for the market to increase. To watch the full episode, click on the link in the comments. #BornScrappy #MetalRecycling #ScrapMetal

The beginnings of our company were challenging, but also full of hope and determination 🎯 In 1999, after several years of trading, we decided to take a risk and start our own napkin production. It was a pivotal moment when we purchased our first machine! None of us had any experience in either pattern processing or the production process. Initially, we encountered many difficulties and made many mistakes. Those were challenging times, but also full of determination and belief in success 📈 Today, we look back on those beginnings with sentiment. Our story is not only a collection of successes, but also a story of overcoming difficulties and hard work that has led us to where we are now.🌎 #producer #30thbirthday #ourstory

✨ NEW EPISODE ✨ Whisky Wednesday 118 - Supply vs Demand & Why a looming crash is Unlikely Get ready to join Shawn Moore and Dave Sivulich in the latest episode of Whisky Wednesday, where we kick off with an exciting announcement - Dave's daughter's headed to play soccer at Brigham Young University! ⚽🎉 But that's just the beginning. We're diving deep into the real estate market, exploring whether it's a buyers' or sellers' domain. Discover how supply and demand play a pivotal role in shaping the market's landscape. Are rates on the horizon? We'll discuss the latest trends and how they might impact your investment decisions. And remember, a slower market isn't necessarily a bad thing; we'll tell you why. For those considering Short Term Rentals, zoning is crucial. We'll guide you on how to find out if a property is zoned correctly, so your investment goes off without a hitch. Don't let underwriting trip you up - we've got tips on how to get it right. And should you use a HELOC for your Short Term Rental down payment? We'll explore this financing option. As always, Dave is enjoying his refreshing Coke Zero, while Shawn indulges in his favorite whisky. So grab your drink of choice, hit play, and join us for an informative and entertaining episode of Whisky Wednesday! 🥃🥤 #realestate #money #podcast #finance #investing https://lnkd.in/gwESKRSv

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How did the Barbie movie break the internet ? 🧐 They understood one simple concept.  “The more people see, the more people buy”  Watch the video to understand how you to can copy & paste this strategy for your biz    #barbie  #smallbusinessowner  #socialmediamarketing

You need to create a hierarchy on the page and the size of elements is one way to do this. #graphicdesign #graphicdesigndosanddonts #series

Here is part Julian's time on Good Morning America from Friday. I applaud both Julian and his parents for their enthusiasm for entrepreneurship & financial literacy!! In today's tutoring, his mom, Julian, and I spent time today discussing the best ways to focus our efforts in 2024. The "problem": we have so many amazing things created, but they're not making enough money to cover the expenses. (It's funny how much his business struggles match ours at Money Masters, Inc. (Walter the Vault). ... Maybe cause I co-lead both.😂😅) His mom already gave us some amazing ideas on how to start advertising his merch & Julian goes "I already have the entire solution in my mind"! 😂 Let's do it! One hurdle we 10/10 cleared today was about time & resource management. Basically, when he and I design some things (like his entire alphabet) this can take HOURS! Like SO many hours - even days. We calculated that we only have about 9 hours left to work together in January... do we really wanna spend all 9 of those hours on designing? We may not even finish! He and I dug further into the roots of his goal (it's amazing, again, lining up with WtV and it'll be so fun/insightful to experience alongside him): his goal is to complete the entire font so that he can license it out and sell it. He wants people to buy right to his font so they can write with it hahaha. 😂 We discussed the fact that this would a reallly long time to finish designing, "are you sure you can't do this on your own?" but he admitted "i can only design with a partner". Upon this discovery, I had a brilliant breakthrough. Earlier in our session, he said he was nervous to return to school with everyone so overly excited to see him (his class watched his whole GMA show). He said he doesn't want to be popular. His mom assured him that the enthusiasm will fade sooner than you think... and I started thinking to myself "how can he use this strategically?" The moment he said he wants company while he designed, I bursted with excitement - I told him, "Julian! You're about to be so popular, right? Probably you can find someone - or multiple people, to work with you. Maybe someone you know - or a few people - can join you and help you design with me!".. (right? make the popularity an opportunity). Everyone liked this idea and his mom called up two friends & to see if they want to have "design" play dates this upcoming week. At one point, Julian said to me, "But, I don't want to replace you" (because someone else would help him design instead of me). hahah. I said, "Julian, there is so much we can do with my time. Let's turn it up! Get some help 😁!" He's scaling his business! 🕺 (shoutout to Allison Maslan + her Scale Up conference I attended a few months back - it was so helpful and I use lessons all the time!!) and thanks to Karen Tenenbaum for inviting me to that event originally. She was always so impressed with Julian & always encouraged me to learn from him. 😂🏆🫂💕

*New Podcast: What The Heck Is Going On In Coffee? * In this episode, Igor and I conduct a deep dive into the intricacies of the #coffeemarket with a focus on Certified Inventory and what to expect. Today marks a historic day with the end of recertifications in the ICE Futures market. Moreover, we have new coffees entering the scene as pending stocks. However, we go beyond simply certified inventory and discuss the three key inventories that shape #coffee prices. Listen here to discover "What the Heck is Going on in Coffee?" ☕: -- https://lnkd.in/gaaM2Evi