Like many of you, when I owned and ran my stores, pawn shop security was a big priority. I did jewelry and gun counts several times a day. The jewelry was locked in showcases and in my safe, I had security tags on my high-end general merchandise. I locked my store,...

Pawn business sellers typically engage in one of two scenarios. In one scenario, the seller calls a potential buyer and asks the buyer to put a value on their business (usually as a result of receiving a buyer’s generic flyer in the mail). In the other scenario, the...

The holiday season presents itself every year at the same time and with the same expectations. However, all too often many of us are still unprepared to capture all the revenue opportunities. This article, Best Practices for Your Shop This Holiday Season, is an...

Whether you’re in the market to start or buy a pawn shop, or have owned one for years, the demands of your business will always revolve around the customers walking into your doors. Long have we been in the digital age, but figuring out how to position your business...

When it comes to opening a pawn shop, there’s a lot to think about and many mistakes you can make. As there’s no formal degree you can get or official courses you can take to become a knowledgeable pawnbroker, there’s a lot of independent research to do and individual...

When it comes to starting a pawn shop, many people think it’s much more difficult than it needs to be. As long as you plan ahead of time and prepare adequately, it can be a smooth and relatively straightforward process. Software like PawnMaster also comes in handy to...

Pawnbrokers must follow strict regulations when it comes to buying and selling firearms. No matter your stance on firearms, it’s crucial that you follow all federal laws, such as holding an active Federal Firearms License from the ATF (Bureau of Alcohol, Tobacco,...

Can I Become a Pawnbroker if I was caught trying to sell counterfeit money ? Although becoming a pawnbroker may be less challenging than many people would assume, there are certain obstacles you may encounter along the way. While you don’t need to complete a specific...

In some ways, being a pawnbroker isn’t as complicated as you may expect. However, you might start to realize that there is a lot of knowledge about products that you need to know about. The primary skill a pawnbroker needs to possess is the ability to evaluate a wide...

If you’re thinking about starting a pawnshop and becoming a licensed pawnbroker, then you’re probably aware of the many laws and regulations you’ll have to comply with before you can even open your shop. One of the requirements for getting started as a pawnbroker,...

There are a few essential things to understand about the pawnbroker industry. Like every type of business, there are legal requirements and limits that you need to be aware of. In fact, the pawn business is a heavily regulated business model for most states, making...

When I began my career as a young(er) broker, I quickly discovered how much I didn’t know.

Simply put, text messaging is the easiest, least expensive, and most effective way to advertise in today’s society. There is no other form of advertising that can guarantee a 99% read rate, let alone have it happen within a matter of minutes.

Data Age Business Systems, developer of the industry’s leading pawn management software PawnMaster, is formally announcing that Len Summa is no longer CEO of Data Age Business Systems and is no longer affiliated with Data Age Business Systems/PawnMaster in any...

It’s getting cold out, families are gathering, and business is booming. Sounds like someone did a great job marketing their store during the summer. In order to win at the end of the year, business owners should start making moves during the dog days of summer. Here...

It’s the last two months of the year. You have prepared by building your inventory, advertising your store, and you are ready to make the lion’s share of this year's money. Is it time to sit back and relax? Certainly not, but it is also not the time to panic and let...

Every dog owner has been through the same struggle: you scrub and scrub only for an hour later to smell the stench of wet dog and every piece of furniture they touch. I know this struggle all too well. It all started as a 3rd-grade school science project where I had...

Time is money. I'm sure you have all heard that, and it remind me of a lesson that I learned early in my career.