Best Buy

Tips for buying an established jewelry operation

By Sharon Elaine Thompson

You’ve been working and studying the craft of jewelry making for years, learning the tricks of the trade under grizzled industry veterans. Now you’re finally ready to step out on your own and be the boss. You dream of opening your own shop and having complete creative control over the business—everything from location and layout to products, services, and policies. But before you get too swept up in your dream of building your own business from the ground up, first stop to think about whether or not it would make more sense to buy an existing business.