Also in this playlist...
This transcript is automatically generated
I would turn to small business we've taken a look at a lot of small businesses that have been struggling.
In light of the economy today's small business spotlight were taking a look at a successful children's consignment company.
Built on the back of volunteers and a very innovative CEO.
Who is now facing a battle with Uncle Sam realign -- Reiner is founder and president are -- as incorporated.
She joins us now so -- -- we mention consignment shop then.
That might give the wrong impression just tell us a little bit about how you as a mom -- -- to contribute -- family.
And also stay present with her kids height came up with this idea and what exactly do.
While assisting young -- sixteen years again with three small children and and I left cute kids -- and really couldn't afford it our budget was tight.
So I would shot that consignment sales and consignment stories and the garage sales really looking for a bargain in which it's a little bit frustrated with that secondhand shopping experience -- I just decided to have an event in my living -- And and then.
And we just had that event in an angry whether mom's left to what we deal.
And so now you've grown to what it eighteen states how many states do you have.
Year -- his consignment shop then.
Yes I operate 3 large events in central Arkansas our largest wind has 12100 families and a 100000 night ends.
And then we -- about five years again and we have 66 applications in twenty states.
And -- these are like pop up stores as we might call them right you we decide to rent out an area.
Folks come with their goods and they are allowed if they want to you price some of their items.
And sell them if they split the profit with you -- -- run into a little bit of an issue here.
With not since the state governments necessarily but with the federal government because.
That you have what how many people volunteer in your business.
Well actions site or she is whether they want to volunteer -- not -- -- their personal time for their benefit.
And yes tears again the Arkansas Department of Labor audited -- and we received a favorable ruling.
And in the US Department of Labor audited us this year and several -- again they told us that our cooperative effort with our -- to our volunteers.
They are also are -- signers and our customers and our cooperative effort with -- -- out of compliance with the fair labor standards act.
And we disagree with their positions and now we feel that we are in compliance and the -- is on our side.
But interestingly -- the Labor Department because we were hoping a learn a little bit more about the law that argument is for our viewers' -- is that.
If you wanted to volunteer for a nonprofit that be one thing but -- at it for a for profit company.
You have to get a wage you can't go in volunteering get a discount -- get first dibs on items -- was the issue that they were happening.
With you we haven't received a response fax -- waiting for that in the meantime -- -- -- -- navigate.
The year is going forward and what is the impact in your company with that message from the Labor Department.
Well I would just say that we used the term volunteer but they're actually -- -- -- -- workers.
And -- -- court just says that we and we apply the fair labor standards act.
That we look at economic reality of the whole situation we don't check our common sense -- the -- And so we look at the whole work activity and economic reality of our business it is it's moments to come together and work for themselves for their own benefit.
And they're really kind of venturing with -- And so we are just planning team right now we're continuing to hold events across -- we're excited about serving moms.
And we're going to be using every opportunity in every avenue that we have to get our story out.
But certainly an innovative come company beside your article in USA today your editorial.
And we'll keep up on your story -- viewers might check it out -- a lot of dot com a great resource for folks that want to learn more are -- -- lot -- thank you so much for the -- today.
Thank you so much for had an --
Filter by section