The UPS Store - Karen Singer
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Since opening her
store in July 2003, Singer has continued to use SCORE’s
counseling. “I meet with my current SCORE counselor,
John Edwards, on a monthly basis to discuss operational
issues,” Singer states. “John has helped me become a
better manager. "
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“My SCORE
counselors have always given me helpful advice and have been
very encouraging and supportive right from the beginning,” says
Karen Choy Singer, Owner of The UPS Store in the
Midtown
Shopping Center in Palo Alto. “For instance, during the build out
phase of my store, Charlie Askanas, the first Score counselor
who I met at the Palo Alto Chamber of Commerce, gave me really
practical advice on how to pre-market the store,” she adds.
Singer spent 18 years with high tech
companies as a sales engineer, and in management and marketing
before being laid off in November 2001. This was during the
heart of the downturn when there weren’t many other
opportunities available. Those that were required a lot of
travel and Singer says, “Been there, done that. A travel job
would’ve been a sure trip to the marriage counselor instead of a
SCORE counselor!”
In 2002, as she contemplated what to do,
Singer says she “stumbled across a website that discussed
opportunities to become a franchisee”, and she decided to
investigate franchising a little more. “I know what I enjoy
doing, and which skills are my strong suits: customer relations
and creative problem solving,” she explains. “I also know what
kind of work would be a chore for me: food service and anything
that doesn’t involve a lot of people contact. By process of
elimination, I found myself exploring retail mail and ship
services.”
Singer researched the industry extensively
and found that Mail Boxes Etc. (MBE) was by far the franchise
leader. (MBE was acquired by UPS in 2004. The two companies
introduced The UPS Store brand in 2003.) “I visited just
about every MBE center in the Bay Area,” Singer says. “The
franchisees that I met were very generous with their time and
gave me a lot of good advice.”
Initially, Singer intended to buy an
existing store, but after a frustrating six months of
negotiating, she decided to open a new store on her own. After
signing a franchise agreement with MBE, she proceeded. “This
business really is about location, location, location,” she
explains. “I spent a long time looking for a place with a lot of
foot traffic such as next to a supermarket or major drug store.”
She finally found the ideal spot in the
Midtown Shopping Center in Palo Alto. Unfortunately, however, the tenant
in the location that she wanted had just extended his lease for
the summer of 2003. “My husband suggested that I offer the
tenant, whose business was struggling, a cash incentive to
vacate early, and to my pleasant surprise, he accepted.”
Singer wanted her store to be staffed and fully functional
before the major back-to-college season that started in August.
During the build out of her store, she worked to get the word
out about her new business. She joined the Palo Alto Chamber of
Commerce and found that SCORE provided counseling at the
Chamber’s offices. “Although the franchisor (MBE/UPS) provides
guidance on how to open a store, I had no prior experience and
was doing a lot of things on my own,” says Singer. She
continues, “I met with Charlie Askanas almost weekly until
my store opened. He affirmed that I was on the right track. His
advice was always pragmatic and encouraging.” In appreciation
for the help she was receiving from her SCORE counselors, Singer
brought some home-made cookies to one meeting. Her SCORE
counselors were so pleased with this unique gesture that they
suggested she use the cookies as a marketing device. Now, every
Christmas she takes a generous batch of home-made cookies to the
local bank and post office, who remember this tasty deed and
refer customers to her store throughout the year.
Since opening her store in July 2003, Singer has continued
to use SCORE’s counseling. “I meet with my current SCORE
counselor, John Edwards, on a monthly basis to discuss
operational issues,” Singer states. “John has helped me become a
better manager. He’s impressed on me how important it is to
train, develop and motivate my employees. He’s worked with me on
setting objectives and advised me on how to deal with sensitive
personnel issues. Because of his help, I believe I have one of
the best teams of associates in The UPS Store system,” she adds.
Singer is very proud that her store
achieved cash break-even the first full month in business. The
business became profitable within the first six months of
operation. “When the Store became profitable, I stopped asking
my husband for an allowance,” she quips. Singer’s Store
has won the Bronze Award from MBE/UPS for the past three years
for reaching gross revenues over $375,000 per year. Singer hopes
to earn a Silver Award in 2007 for gross revenues over $425,000.
“Best of all,” she proudly proclaims, “in December 2006, I paid
off the remainder of the $250,000 loan I had taken out to open
the Store.”
For the first couple of years, Singer
worked over 70 hours per week at her Store. Now, because of the
employee training and development that she has implemented with
SCORE’s guidance, she averages about 40 hours per week. She’s
even been able to take a couple of vacations with her husband.
Singer’s goals for her Store are to increase revenues to over
$500,000 per year while maintaining profitability levels. Her
personal goal is to achieve these business results while
reducing her own time commitment to around 30 hours per week. “I
will continue to take advantage of the expertise and support
from SCORE in order to achieve these goals. SCORE is a well-kept
secret but I tell all my business associates about them because
I really admire their selfless desire to help small business
owners succeed,” Singer concludes.
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