| From Sauk Valley Newspapers
Sunday, 12 November 2000
By Diane Markel
Business Beat
Imagine a career as a business owner.
Imagine having your own business reflecting your own interests,
talents and decisions.
Imagine the responsibility.
Larry Dunphy and his wife, Carolyn Chin, took up the challenge
with their own business when they opened "Books on First"
-- "The Premier Bookstore/Coffeehouse in Dixon, Illinois."
The store serves up coffee, pastires and tea along with hard-
and soft-covered books and lots of magazines. Special ordering
is a big part of the business and the couple's distributor
has access to more than 500,000 current titles and 500,000
out-of-print titles.
The couple had an idea of what they might be getting into
before they even started the business. Dunphy had his own
food brokerage business in St. Louis in association with another
partner. They represented about 30 food companies and sold
to a distributor, who, in turn, sold to restaurants and hospitals.
Dunphy also used to manage a Jewel store in Chicago and was
an assistant manager with an Osco Drug Store, so he was familiar
with how business worked.
Chin had a master's degree in business adminsitration and
always wanted to open a bookstore/cafe like one she knew of
in Cambridge, Mass. |
The couple eventually began looking for a
place where they could open just such a business.
"The town had to be large enough to support it and small
enough that the store would not have to compete with stores
like Borders," Dunphy said.
The couple visited several communities with populations in
the 10,000 to 25,000 range within several miles of Chicago.
Dunphy grew up in the Sauk Valley area and went to Amboy
High School.
The couple also had a cabin south of Dixon and came to the
area on weekends, so they were familiar with the Sauk Valley
area. "We spent a couple of years looking at buildings," Dunphy
said, "Finally, we were standing across the street from this
building, and we said we were either going to buy this building
or forget the idea.
"We bought the building." The first thing they did was a
complete rehabilitation of the building, remodeling and renovating
to suit their needs. They put in a nook for mysteries, made
the restroom handicapped accessible and installed soffits
to hide what had been exposed pipes.
On Oct. 4, 1998, the store opened for business. It is open
seven days a week. There has been some part-time help from
college students, and now, there is a part-time employee.
But there is still a lot of work for the owners. Dunphy is
there during the week, and Chin comes in on weekends.
|
"We're open 75 hours a week," Dunphy said.
"It's not exactly a retirement diversion and we had always
intended to make it a success. It is not a hobby."
Dunphy has some advice for anyone thinking of opening a business
of their own.
"Make sure you enjoy what you're going to be doing because
you're going to be doing it for a lot of hours," he said.
"Have enough capital to be able to stay in business for several
years before you start making money. Or, have another source
of income."
Dunphy said he and his wife work a lot of hours, but they
are able to get away for vacations.
"It's not all work," he said, "But any business is going
to take a lot of hours. We knew that going in. I was in retail
before, so I had no illusions. We knew what it was going to
be like."
Although many people dream of being their own bosses, business
owners also have bosses.
"Whereas someone working for someone else might have one
boss, I have hundreds of bosses -- such as the federal government,
the state government, Social Security. ... But there is the
good along with the bad.
"It's been a lot of fun," Dunphy said. "My wife has enjoyed
it. I have enjoyed it. It's been good. The business is every
bit what we hoped for.
"It's a nice location. There's a lot of traffic. We can open
the windows so it's not like being behind a desk all day.
"And we have people coming in all the time, and that makes
a difference." |