Today we feature June Ells, who co-owns This N That with Shawn. June is an entrepreneur at heart, and offers some very sound advice to those getting started with their own businesses. The store, which used to be at the corner of Sooke and Otter Point, has recently relocated. It can now be found at 6596 Sooke Rd, on the corner of Church. There’s plenty of parking through Church Rd along the back of the building.
Describe your business.
We’re going into our fifth year of business. Going with the name “This N That,” we try to carry a little bit of everything. Dollar store items, pop, chips, candy, cigarettes and tobacco accessories.
When did you first know that you wanted to be self employed?
I’ve known for years that I wanted to run my own business. When I had kids long ago I wanted to be close to them. That business was successful and years later we started up This N That.
What support systems did you have in place when you started?
Family and friends play a big part in anything you plan on doing.
The long hours has to be supported by family. The one thing that was needed was enough money to make it through the tough beginning months.
What’s your advice to other potential entrepreneurs?
When first getting started you should have a real good business financial plan taking into account anything and everything that could go wrong. You should never spend all the money getting the business open without thinking of a few slow months and the rent and bills that need to be paid.[sam id=”15″ codes=”true”]What keeps you motivated? What keeps you working at your businesses? What are the biggest rewards and the worst challenges? What could you do without?
- Motivation – the opportunity to succeed.
- Rewards – Day to day interaction with customers
- Challenges – No family time.
- Do without – Government meddling
Looking back, knowing what you now know, what would you have done differently?
Being more vocal with business partners.
Being in business for yourself is a learning experience with ups and downs. You have to go through them all to become a better business owner and a better person. I would definitely do it again.
At what point should an entrepreneur take the “leap of faith” and start up their business?
You need a lot of time and finances. It’s a lot of work and you don’t always get the financial reward that you think you deserve.
Any financial management advice or tips you’d like to offer?
Do not put 100% trust in your accountant. Always know your numbers and learn how to understand them.
Owning a business can be very rewarding in many ways. It might not bring you fame and fortune but if you enjoy what you do, everyday will be rewarding.
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- Company This N That
- #6 – 6596 Sooke Rd
- Phone Number 250-999-6136
- Online via Facebook
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