#607 Transitioning in Retail: Lessons Learned and Exit Strategies
Boutique Chat
Ashley Alderson
5 • 853 Ratings
🗓️ 30 April 2024
⏱️ 39 minutes
🧾️ Download transcript
Summary
Is it time to reevaluate your business journey? Megan Crabtree, Membership Representative at The Boutique Hub, joins us for a candid conversation about the tough decision to close her boutique. In this episode, she shares her personal experience of navigating having her identity tied to her business—and the realization that sometimes success means recognizing when it's time to move on. Discover the lessons Megan learned along the way, including finding balance, overcoming fear of the unknown, and gracefully transitioning to new career opportunities without burning bridges.
Resources:
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Megan Crabtree: Instagram
Ashley Alderson: Instagram
Transcript
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| 0:00.0 | Business can be a lonely game, but it doesn't have to be. |
| 0:09.0 | Welcome to Boutique Chat, where we explore community over competition and how to scale your company with the balance and the happiness that we all seek. |
| 0:16.0 | We'll hear from product-based businesses of all types, retailers, e-commerce, and wholesale brands, |
| 0:21.6 | along with industry experts shaping the future of our industry. |
| 0:25.1 | I'm your host, Ashley Alderson from the boutique hub, and I can't wait to chat. |
| 0:33.7 | Hey guys, welcome back to the podcast this week. |
| 0:36.2 | This is a special treat because this is not just the first time around. This is the second time around for this podcast. Megan, I'm so glad that you're here today. I'm so excited to be here for the second time. Okay, we've got to tell everyone what happened with the first time. So I'll start, but then you finish the story because this is so |
| 0:54.4 | good. So this is like God's journey, right, of timing. I'd interviewed you last year in the fall to be on |
| 1:01.3 | the podcast and we were talking about how to run a boutique out of your home. So if you guys have |
| 1:06.2 | questions on how to run a boutique out of your home, Megan's your girl. She can give you all the |
| 1:09.6 | answers. But I'm not to share you the details of that for now because you decided shortly after we |
| 1:15.4 | recorded the podcast, we hadn't aired it yet, that your life was taking a completely different turn. |
| 1:21.8 | So tell me about that journey of how you landed your boutique in your home and then what happened |
| 1:27.0 | next. So it's crazy. 2023 in general. of how you landed your boutique in your home, and then what happened next? |
| 1:30.4 | So it's crazy. |
| 1:36.9 | 2023 in general was just the biggest transition year for me, business-wise, and honestly, |
| 1:38.0 | probably life-wise. |
| 1:44.1 | I spent the entire year on my knees in prayer and just like, God, what is it you want to do with me? I was in my |
| 1:45.9 | warehouse, like my third warehouse. We had moved so many times. We had storefronts. We had |
| 1:50.9 | warehouses. And I just kept having this tug. And God's like, you know, we need to completely |
| 1:58.0 | downsize this whole thing. You are missing not only so much of your children's lives by being go, go, go, go, go, all |
| 2:05.6 | the time at this warehouse and never taking a beat. |
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