Tag Archives: economics

Onwards and Upwards – –

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10

Jack’s Wednesday guest post reverts to Thursday again –

It’s certainly no secret anymore that we are actively looking to pass along Tales of the Lonesome Pine to as yet unidentified new owners. The building/business should be listed very shortly.

bookstore

One of the interesting things has been producing a briefing sheet showing the financial information over the twelve years since we opened, as well as a narrative describing the things that worked/didn’t work to promote the business.

The financial report was relatively easy as we have kept careful records, could consult bank statements and sales tax returns as well as saved card sales. Of course running a bookstore in a small rural town in an economically challenged area isn’t easy. But what was obvious when I ran the figures was two things. Opening the Second Story Café had a significant impact and so did the publication of ‘The Little Bookstore’. There was a big trade-off between the bookstore and the café, and the book continues to bring folk from all over the country and even from around the world.

We wanted to pass along to any potential new owners all the insights we had gained and experiences that had ‘educated’ us. We also wanted to try to share our enthusiasm for the place – not just the business but the town and the community as well.

‘The Little Bookstore’ is almost a working manual in itself, but it’s now six years old and life moves on. Things that worked then don’t necessarily work now and lots of different opportunities have presented themselves.

Our fondest hope is that ‘Tales of the Lonesome Pine’ will continue to operate and flourish as a bookstore and hub of this community, and doesn’t end up being sold as simply the house we stumbled on twelve years ago – but that’s in the hands of fate!

Where we, personally, end up next is anyone’s guess right now but there comes a time when you just know it’s time to move on. The world’s a much smaller place now so you never lose touch with friends and we might not be too far away anyway.

All is Forgiven – –

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5

Jack’s guest post is early this week – that’s something new –

One of the things I remember from my MBA studies was how companies convert casual customers into loyal ones. There were a range of strategies but the most effective one was how they deal with problems. If a business accepted there was a problem and went out of their way to deal with it that customer would not only stick with them but pull in all their friends and acquaintances.

Last Friday I flew back from Scotland and my route was Edinburgh to Chicago and then Chicago to Knoxville. The final flight was due out of Chicago at 6.50pm and to arrive in TYS around 8.30pm.

The first problem was that the scheduled flight attendant’s incoming flight was from Canada and was not only late but coming into a different terminal, so she added a 30 minute delay (not her fault). We pushed out from the gate and sat in the ‘alley’ for another 30 minutes in a very hot plane until the pilot announced that we were going back to the gate because the A/C had broken (not his fault). Another 30 minutes later it was fixed, we got back on board and pushed out again.

This time we again sat for 30 minutes in the alley before we eventually trundled to the area where all the other planes were taking their turn to take off. We sat for another hour watching plane after plane pass us and take off. Finally we started to move only to perambulate around the airport and back to where we’d started. The Pilot came on and said there was a warning light flashing so we were going back to the gate again (not his fault).

We got to the gate and were again sent in to the terminal. After some time we were told that it wasn’t fixable but they were bringing a replacement plane out of the hangar for us. We finally took off four hours late and arrived at last in Knoxville at 12.45am. Normally this would have driven me crazy, but the pilot and flight attendant were absolutely on the ball. They didn’t keep us on an overheated plane, provided us with water, organized free snacks, kept us informed all the way as to what was happening and apologized for things they had no control over. Next morning I got an email from the airline apologizing again and giving me 2500 airmiles in compensation.

I was enormously impressed with the way that the employees of this enormous company who were actually in direct contact with their customers went out of their way to make us comfortable and cared for.

United Airlines has obviously turned a corner from last year when they dragged that man off the plane and have some amazing employees.

To the crew of UA 4013 – very well done and I will continue to fly United.