Millionaire Mindcast Blossoming Jewelry Business by Building Relationships and Genuineness | Larry Yadan
In this episode of the Millionaire Mindcast, we have Larry Yadan who shares his brilliant entrepreneurial story of learning and building a jewelry business, and his approach on business and building relationships!
Larry “Flowers” Yadan is an entrepreneur, handcrafter of engagement rings & jewelry, luxury timepiece dealer and trusted jeweler of the caliber individuals, and is the Founder of Larry Flowers Fine Jewelry & Timepieces, a high-end private jeweler specializing in exceptional diamonds, precious colors, the finest timepieces and one-of-a-kind custom designs. Through his charismatic personality and his network of friends in the professional hockey and sports arena, Larry soon established himself as the premier jeweler for engagement rings, designer jewelry and luxury timepieces for many players in the NHL and MLB. Larry Flowers Fine Jewelry &Timepieces continues growing organically into a bigger brand.
It was Larry’s childhood best friend who had a gold buying company in Dallas that influenced him to get into the jewelry business. He learned the business from his best friend in just six months and soon started his own company in CA. At first, it was just buying precious metals, designer jewelry, nice watches, and a loose stone from private clientele until it’s naturally progressing into retail.
Larry fell into jewelry and watch business. Although he has never been a patient person by nature, he shows patience in doing repetitive things and commitment to his craft. He became premier jewelry and watch provider and supplier. Larry works hard in earning people’s trust and treating them the right way. He starts, nurtures, and maintains relationships. He has always been really good at making good friends and building networks with his authenticity, honesty, and trustworthiness.
Now, Larry Flowers Fine Jewelry & Timepieces continuously bloom because Larry is being personal with the people and all the clients. He wanted to touch a lot of people’s lives through quality work, very personal pictures, and personal messages. He has built this brand and built this elite luxurious name around it. “Flowers” is to stay focused on continuously building his brand, mastering his craft, and growing the business organically into a huge one.
Some Questions I Ask:
- How did you get the nickname ‘Flowers’? (00:28)
- How did you start your own entrepreneurial journey? (02:19)
- How did you get into jewelry and precious metals? (03:38)
- What are some things that people don’t know about the jewelry industry that might surprise them? (05:16)
- What have been some of the disciplines and habits that you’ve had to create in order to separate you from the competitors? (06:45)
- What’s the favorite piece you’ve ever done or the client that you’ve ever done something for that you can’t share? (08:03)
- What do you say has been some of your secret sauce in creating this culture and brand that attracts movie stars, professionals, great entrepreneurs, and individuals of the caliber? (09:41)
- What have been some of your networking tips? (11:55)
- How do you close the gaps in building that trust on your clients? (14:40)
- How have you been able to adapt, survive, & thrive in a place like LA? (18:07)
- What are some of the things that pissed you off about entrepreneurship, or things that you think people are doing wrong? (19:36)
- What are some of the things that you think you would attribute to your success in the industry? (20:55)
- What have been your biggest challenges for you in growing and scaling your company and how did you overcome those? (22:21)
- What do you spotlighting right now or the next thing that you are looking to attack and close the gap on? (24:01)
- What’s your piece of advice for entrepreneurs that are really looking to kick starts their career and get to that next level in their career? (28:21)
In This Episode, You Will Learn:
- Why Larry began to love his craft. (05:38)
- 2 things that you should learn to master your craft. (07:10)
- How Flowers valued relationships. (10:37)
Quotes:
- “Patience truly is everything in business.”
- “It’s all about trust when I built my relationship.”
- “Once you really figured it out what it is you want to do, just attack it.”
- “If you do your homework, if you do your research & you’re committed, there’s no one to stop you from doing anything.”
- “If I can do it, anybody can do it.”
- “Be true to yourself.”
Connect with Larry Yadan on:
Email: Larry@LarryFlowers.com