Jim Pinkston was the owner of Pinkston's Music and served the Gulf Coast for 27 years. He is a Memphis raised musician and was doing pro level gigs by his early teens. After years of travelling the USA as a professional bassplayer and frontman, he settled in Gulfport where he opened up one of the most successful music businesses in the area for almost 30 years. Having just closed his shop, Jim now comes to the Coastal Noise podcast to discuss his experiences in the music industry and to provide insight on philosophies in principles to be successful in business.
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Show notes include:
-Growing up a Memphis musician and why it is an ideal location for business
in the US
-The Heartbreak Hotel and moving to the Mississippi Gulf Coast
-Early lessons in business
-The MS Gulf Coast is just West Florida
-"The internet will destroy this economy" - How the online market is
changing the game
-Jim's future business ventures in a semi-retired state
-Refusing to sell sub-par merchandise in your business
-Exploding equipment on stage
-Universal principals (regardless of your industry)
-Advice for managing people
-"Experience is everything" - Why getting out into the field can be more
beneficial than formal schooling
-"I never talk about my competition...but I never get tired of hearing my
customers talk about my competition"
-Weeding out problem customers to establish ideal clientele
-Statistics on small business failures and knowing when to strategically
exit a business venture
-Full Sail University and liberal arts degrees
-Taylor Swift and calling the shots on contracts
-Les Paul and the invention of Stereo
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Hosted by Stefan Lawson. 6/20/17