I asked Jeff how he sees his businesses – office furniture supply and installation; ‘how’s business?’ over the next quarter?
… business is good – and by that I mean ‘new business’ in 2015. Coming off fiscal 2014 – we doubled our business volume from 2013 – so far we are seeing some larger projects delayed but so far, none have cancelled. Though, we are getting 3-4 calls a week from people wanting to sell used/surplus furniture. Looking back to the slump of 2007-08, it was the service side of our business that saved us, so we expect that bodes well for us if we have a prolonged downturn, if that is the case.
Over the next five years?
… this industry will continue to be a ‘relationship business’. The planning and sales process will continue to evolve – using the latest software tools – which makes for a quicker/more accurate sales and ordering process. I expect we will see some dealer consolidation if we have a prolonged downturn.
What qualities distinguish your preferred colleagues, collaborators and suppliers?
… someone who has taken an interest in my needs. Loyal. People who provide service the way we provide it to our customers …
What distinguishes you that causes people to choose Jeff Hallock and Office Concepts, why do they do business with you?
… we do what we say we are going to do – EVERY time. We jump through huge hoops sometimes to get it done. Experienced staff who work hard.
How would you describe your leadership or management style?
… easy going. I give people a lot of latitude to make decisions. If you aren’t making some mistakes, you aren’t learning.
What do you lose sleep over, what do you worry about?
… the economy. Running a small business – there are 25 of us; I worry about everybody keeping their jobs. In 2007-08 we didn’t make any money, but everybody kept their job.
Who or what influenced you most – that has made a difference in your life, or that was a major turning point?
… my dad instilled a ‘we can do whatever we put our mind to’ attitude. He used to say, “if it was easy, everybody would be doing it.” He also said, “timid sales people have skinny kids”. Coming to Calgary. Help from a competitor, now retired, who has been a mentor.
Work life balance, do you have it?
… now I do. We have a home in Vernon – we are out there every weekend in the summer. Boating. Sandra has started golfing …
For fun?
… I used to play lots of hockey … getting into golf again (broke 80!).
What do you read?
… business books, biographies. I’m reading the new Tony Robbins book – MONEY Master the Game. I’m not a big fiction guy.
His ride?
… 2012 Yukon. And all those delivery trucks. We buy used and refurbish them - but we own them!