My husband and I have owned a moderately successful small business for more than 20 years. In the late 1990s, we started a small antique business and it has grown year after year. We started as M&J Antiques, but are known around Stillwater, Oklahoma, as the Big Red Barn or the barn people. I am often asked by rookie entrepreneurs for advice or pointers on small business ownership. Here are a few of the top suggestions.

Be Flexible! The antique & collectible business has changed considerably in the last twenty years. When we started, Fenton glass, Fiesta dishes, and carnival glass, for example, were king! These items fetched top prices at auctions and sales. Now, you can hardly give away some of these items! Change seems to occur somewhat slowly in this business, but it’s important to recognize change in trends and interests.
You’re Buying for Someone Else. This was one of the hardest things for me. Many items that I really DON’T like sell really well! And, just because I like something, doesn’t mean anyone else will. Which leads to my next tip.
Research, Research, Research. You cannot spend enough time researching, reading, and investigating business trends. I spend a lot of time looking through EBAY, ETSY, Pinterest and other social media websites to see what’s trending in my business. You need to know what types of items are popular.
Recycling and upcycling are currently red hot. I may not sell your completed item, but I can sell you the base or bones for your project. I am always surprised when people tell me some of the projects they plan for the items I sell. For example, using old wooden ladders to make a Christmas tree, old windows for the tops of a table, and (don’t really know how this turned out) but an old army cot was going to be made into a couch!! Turning an upright dresser into a quilt rack, using a wine cooler for a vase, and making side tables out of old luggage.
We had a sale this weekend at the Big Red Barn in Stillwater, Oklahoma. We had a lot of customers come out to find items for their new projects, search for treasure, and enjoy country life!

Know Your Staples. There are some antiques & collectibles that have maintained their popularity and price over the years. For example, cast iron, Pyrex, Fire King Jadeite, costume jewelry, and doilies & embroidery. In fact, many items continue to enjoy a steady climb in value.
Know Your Limitations. People think that just because you’re in this business, you know everything about, well everything. There are many items we almost never buy, because we just have no interest or knowledge. For example, we almost never buy toys, stamps, coins, or ephemera. We also don’t buy heavy furniture, just getting too old. And, one rule of our business is pianos and sleeper sofas are marriage breakers!
Hope I’ve given you some ideas that might help you launch your own small business. It’s very rewarding and fun.
Jackie










