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Well…. You Asked Me How I’m Doing!

January 2nd, 2015 10 COMMENTS
Shooting_from_the_Hip_low

Shooting from the Hip, Reid Sherwood

It’s Been a Roller Coaster Year

All in all, it was a great year because of the Classic Distributor Network. I won’t go into detail since Kevin will cover it in the 2014 State of the Company letter, but here is what I will say about my year.

First, you trusted us with your business and we appreciate that. Whether it was existing long-term distributors or newbies to the Classic Family, you sent us bigger projects and more orders. Overall, the price points were higher which made for a good year.

For me, it’s been a roller coaster year. I attended EXHIBITOR (every year now since 1989) where we launched several new products, including our On The Move Furniture line. It was three days of crazy. I never had an opportunity to walk the show floor. At EXHIBITOR, we were selected as finalists for the Portable/Modular Award. Quite an honor.

SKU1In May, Classic hosted the spring session of Shared Knowledge University. It was packed with distributors, sales associates, project managers and designers. It’s always a joy to show you our building, equipment, processes, and people. There were even some industry veterans at SKU with over 30 years of experience who gave their time and advice. Spring 2015 SKU is May 18-19. Please contact Jen or me to reserve your spot (Trust me. It fills fast).

The summer was anything but summer. It was far better than expected. From what you’ve told me, marketing money was free’d up that sat on hold for too long, which was a refreshing change. Fall continued the summer trend. Unfortunately, I was unable to attend SKU for reasons which I’ll explain in a moment.

As the year closed, I attended EDPA ACCESS in Palm Harbor, FL and sat through multiple sessions and visited with customers/friends. The best part was at the Gala where Classic Exhibits was awarded an Eddie for Exhibit Design Search. WHAT AN HONOR! It was a fitting way for us to end the year on a high note.

On a Personal Side

Many of you are aware that I had reconstructive back surgery in mid-September. The surgery left me grounded for the past four months. Thankfully, the plates, screws, and wedges put Humpty Dumpty back together again.

Reid SherwoodThanks to everyone who reached out via phone, email, text, or social media. Your concern was overwhelming. My wife and daughter (God bless them) monitored my Facebook and email while I was in surgery and recovery for six hours. When I was back in my room and coherent, they handed me my phone and said, “Here! You have a million friends and customers who have reached out to you and we can’t keep up.”

I am so very grateful. Eleven days in the hospital teaches you a lot. It teaches patience (I had none when I started and have less now). But it shows you who your friends are. The surgery was a huge success and other than healing, the pain is gone in my back.

I was working from a hospital bed and at one point after three pretty successful sales days in a row I said to Mel, “Maybe we are on to something here. Perhaps pity is the key to sales.” ;-)  I also want to thank Jen LaBruzza (my counterpart on the West Coast). Not only did she do double duty at SKU while I was in agony, but she also checked in with me several times a day. Mike Swartout (our creative director) and I exchanged Facebook messages about our pain meds. There was a point where we thought Jerry Garcia would have been jealous of our personal pharmacy.

I also want to mention Dave Brown and Gina Porcaro from Optima. I don’t want to get all gooey and mushy, but they are more than friends. They are family. Gina lives in Grand Rapids where I had the surgery and was kind enough to sit with Vicki and Jennifer while I was in surgery and recovery. In addition, they called and texted many times just to help me keep my head clear.

ExhibitorliveEDPA was a blast after 10 weeks of not seeing any customers. I told my wife on the way home from the airport how good I felt, but when I got home and laid down to go to bed, I kicked the covers back and the pain was searing. It was the same exact pain on the right side that the surgeon fixed on the left side. On a scale of 10, it was a 15. After a couple of appointments and some heavy steroid and anti-inflammatory meds, we decided to do an MRI. It looked fantastic. There was NOTHING on the right side that could be causing the pain. Then… the surgeon had X-rays taken and says, “Well, sir, your pain isn’t from your back. Both of your hips are shot. In fact, they look like they are from a 100-year-old arthritis patient, and your sacroiliac needs to be fused as well. Your right hip should be done today.”

Nothing can be done for another few weeks until the back surgery heals. Then, nerve block in January and again in April. My goal is to have the right side done and the sacroiliac fused at the same time after SKU, and the second one done right after the 4th of July. I WILL be at EXHIBITOR. I WILL be at SKU. But I will probably not travel much other than short driving trips until this is all fixed.

A Lesson Learned from All This

While at the surgeon’s office, there was a gentleman waiting in a wheel chair. He looked to be in his late 20s or early 30s. Both of his legs were gone just below his knees. I sat next to him and was in obvious pain. He asked me what was wrong, and I told him. I looked at him and said, “Looks like you were in a farm accident or something of that nature.” He said, “No, on my third tour of duty in Iraq, I was in a school area and someone threw a bomb/grenade towards us and near some children. I dove to get to it and it blew my legs off.” I was just shocked and after what seemed like an awkward silence, he said, “It’s OK. I would do it again in the same situation and so would you.” He went on to talk about his wife and kids and how they do everything just like normal.

So here is what I am leaving 2014 with and taking to 2015. Both business and personally, no matter how bad your situation, no matter how bad you think you have it, suck it up. There is always someone worse off. Quit your whining and go forward with what the Lord gave you.

Thanks for a great 2014 and a better 2015.

As the meds wear off,

Reid Sherwood
reid@classicexhibits.com


 

The Randy Smith Memorial Golf Classic. It Matters!

September 19th, 2013 1 COMMENT
Shooting from the Hip (trade show tips)

Shooting from the Hip by Reid Sherwood

One benefit of blogging is having the luxury to promote something special to me and to our industry — The Randy Smith Memorial Golf Classic (http://www.rsmgc.org/).

For most folks in our industry, “The Randy” is as recognizable as Cher, Madonna, or Bono. The Randy is an annual charitable golf tournament held in the Atlanta area. For those unfamiliar with Randy Smith, he was tragically taken from us several years ago. The first Classic was to raise money to help the Smith family with the financial burden they experienced. Since then, the mission has expand.

“The objective of the Randy Smith Memorial Golf Classic is to help families in the exhibition industry who have suffered severe tragedies or face insurmountable medical expenses. Our commitment is to provide financial and emotional support to all past and present recipients and their families.”

We all feel invincible, and we assume that nothing bad will ever happen to us. Well, a few years ago, Mike Swartout (my friend and the Creative Director at Classic Exhibits) was diagnosed with prostate cancer. Mike is still battling that cancer today, but in 2011, he was a recipient at The Randy.

Several years ago, an Optima employee, Jim Wetherington Jr., was diagnosed with brain cancer and was taken at a very young age. The Randy was able to provide emotional and financial support to his family during that time of need.

I have said all that just to say this . . .  The Randy Smith Golf Memorial Golf Classic is the one event all year where competitors come together, lay down their swords, and work to help industry colleagues who need it most.

This year, The Randy is on October 14 at Chateau Elan, a few miles north of Atlanta. We welcome golfers, sponsors, and workers. It is an incredible event. There are at least 11 recipients, so your financial donations, hole sponsorships, or corporate sponsorships are very needed.

For more information, please visit www.rsmgc.com. We would love to see you there. Should you have any questions, please email or call me.

Reid Sherwood
reid@classicexhibits.com

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Based in Portland, Oregon, Classic Exhibits Inc. designs and manufacturers portable, modular, and custom-hybrid exhibit solutions and engineered aluminum extrusions (ClassicMODUL). Classic Exhibits products are represented by an extensive distributor network in North America and in select International markets. For more information, contact us at 866-652-2100.


 

From Subzero to Boiling Hot. What’s the Industry’s Temperature?

July 23rd, 2013 2 COMMENTS
Shooting from the Hip (trade show tips)

Shooting from the Hip by Reid Sherwood

Summer is great for golf. Not so much for trade shows.

If there was an exhibit and event thermometer measuring the hot and cold temperature of the industry, it would go from subzero to boiling hot several times a year.

Now before you think this is just my opinion, let me qualify it. I have talked with dozens of distributors and custom houses over the past six to eight weeks, and they all agree. Through May, life was not just good, it was pretty great. We had record months along the way. Sales figures were as good as or better than 2012. I have also spoken with our vendor partners (by vendor partners, I mean wholesalers who do not sell direct). The same thing was true. January to May — WOW!! Then came June and the sound of crickets was deafening.

Let’s look at some potential reasons/excuses for the June debacle.

  1. Many distributors said that they do not have a pipeline of work coming because the pace over the first five months kept them from prospecting. They filled orders, but did not have time to find new clients. That pace required some deep breathing in June. The upside is July, and the pipeline will fill quickly with fall projects and shows.
  2. Cuts in defense spending. Some larger summer shows, such as Inter-Solar, are scaled back. One of our partners said, “We had 13 different projects there last year but only two this year.” You don’t need to be a math major to see the impact.
  3. The harsh reality is that golf is still the fastest growing sport in the world by over 50% and is being played by record numbers of people every day.

Of those three statements only two are true. You can decide which one isn’t. But suffice to say, if you haven’t figured out how to diversify and offer different products or services to your standard customer base or repackage your standard products to other industries or tangent markets, it’s not too late. It is late, but not too late.

Now that the gloom and doom is over, here is the bright side (yes, there is a bright side).

VK-5105 Hybrid Island

We are ALREADY seeing exhibitors planning for the fall show season. Our Design Department requests were up 72% in June over LY. Budgets are freeing up, and businesses are finally realizing that the most important time to market is during “Less than perfect economic times.” Again, don’t just take my word for it. After speaking with various industry vendors from graphics to labor, flooring to furniture, and other exhibit manufacturers, we all think this fall will be very strong.

There is a return to the islands. We are seeing healthier, more realistic budgets for bigger projects, expecting “Wow Factor” design. And if you can deliver, there is success to be had. Nothing is more thrilling to a trade show exhibit salesperson, manufacturer, or other industry vendor than to know that design matters more than ever and that price has finally become the third factor after design and service. One labor company told me they are up 11% in overall business, but 19% in island installs. This may be the best fall ever. And I have lived through some incredible fall seasons.

Even our budget-priced kits (Magellan, Sacagewea, and Perfect 10) are seeing people pushing the design envelope so they perform beyond the norm. That’s refreshing.

Here is a little tidbit in talking with my good pal Mike Sandler at Atlantic Exhibits about the start of the fall season. The topic of technology in shows came up. Not the kind of technology that requires compressed air, but technology to deliver a bigger, faster, stronger more eye-inspiring message than a flat static graphic. Here is the statistic that Mike gave me: “Reid, we walked a small show one day last week. Out of 105 booths 103 had technology in some form to deliver their message.” That is what makes Classic’s solutions so attractive is the ability to incorporate technology at every turn. From iPad kiosks to cell phone charging stations to 70 inch monitors.

Sooo . . .  it is mid-July. The summer doldrums are just about over. Get one more round of golf in before it all breaks loose. It is going to happen fast. It always does.

Let’s make it the best fall ever.

Reid Sherwood
reid@classicexhibits.com

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Based in Portland, Oregon, Classic Exhibits Inc. designs and manufacturers portable, modular, and custom-hybrid exhibit solutions and engineered aluminum extrusions (ClassicMODUL). Classic Exhibits products are represented by an extensive distributor network in North America and in select International markets. For more information, contact us at 866-652-2100.


 

 

Randy Smith, Jim Shelman, and Cindi Cody

October 26th, 2012 COMMENTS
Shooting from the Hip (trade show tips)

Shooting from the Hip by Reid Sherwood

Randy Smith

I have been in Atlanta the past few days seeing distributors and playing in The Randy Smith Memorial Golf Classic. I am going to double up on this and talk a bit about both.

A few weeks ago, Rich Johnson (one of the founders of the RSMGC) asked me if I would serve on the board of The Randy Smith. Obviously I accepted. I have been a loyal fan and supporter for 11 years. The Randy is a non-political group of industry folks who provide emotional and financial support to other industry people who have fallen on difficult times.

It is the one day all year (and maybe the night before) where competitors lay down their swords and come together to raise money and help people. And this year was no exception. There were eight recipients. Every year I’m reminded of the same thing:  no matter what is going on in your life, no matter how bad you have it, there is always someone who has it far worse.

One of the recipients was the Mark Tate family. Mark and his wife have two daughters, age 13 and 10. They have both been impacted with life-threatening disease. Olivia (the 10 year old) was diagnosed with brain cancer at 2 years of age and has had numerous surgeries and treatments. Thank God she has been in remission for the past 4 years. Her sister, Elena, was diagnosed with leukemia in 2009 and has had chemo and was in remission until recently. She had bone marrow transplant this past July and continues to receive treatments.

Again, just when you think times are tough, you hear a story like this and realize that all in all, your life is pretty good.

Thank you to everyone who participated as golfers, volunteers, and sponsors. Without you, it would not be possible. And personally I would like to thank Rich and Ted Peterson for keeping this alive for 18 years

Personally, I would like to thank my team from the Randy this year. Bill Glasser from Exhibit Concepts, Cindi Cody from Xzibits, and Classic’s own Jim Shelman from Exhibits Northwest.

Jim Shelman

This was the first time I spent time with Jim without other Classic employees in the mix. He is a great guy, but he has his quirks. The day before the tournament, I had a couple of early appointments, but Jim and I were planning to play a round later that day.

I pick Jim up to go to the course, and he is complaining. Well, not really complaining, maybe whining and visibly distraught. All this because the place we were staying didn’t have the right coffee. Trying to be the nice guy, I hurry along, so we get to a gas station where he can get some coffee. It isn’t good enough — the pot is too empty and it is probably burned. Now he is borderline quivering. I am not a coffee drinker so I really don’t understand, but I try to be a good team player. We move on and he says, “Pull into McDonalds. They have good coffee.” I pull in and roll the window down and am ready to order, thinking to myself how glad I am that I am not a coffee drinker who needs that “caffeine boost” to get through the day. So he says, “Get me a Decaf!” REALLY??? But it all made sense later that evening when I saw him drinking a O’Doul’s beer.

Cindi Cody

On another note, I did a trade show with one of our Atlanta distributors, Xzibits, and it was a huge success. Cindi Cody and her crew had an attractive 10 foot exhibit. The six hour show offered up almost 30 leads. One little tidbit of information. Cindi posted on her Facebook page that they were at the show. Instantly, a new start-up company wrote back saying that they couldn’t attend but made an appointment for later this week.

I’m always interested in what customers are looking for in this economy. Many are still looking at banner stands, but many are saying it is time to step up. No more pop ups. That puts Magellan, Sacagewea, and Perfect 10 in position to answer that call. I do have to pay a tribute to Optima Graphics and Xpressions. The show I was at was a business to business show. There were about 60 exhibitors in all. But out of 60 distributors, there were six Xpressions displays. That is an incredible number.

That’s all for now. I’m headed home in a couple of days. These ten day trips make me miss my family more than usual, so I am looking forward to Tuesday evening.

Till the next time,

Reid Sherwood
reid@classicexhibits.com

*********************************

Based in Portland, Oregon, Classic Exhibits Inc. designs and manufacturers portable, modular, and custom-hybrid exhibit solutions and engineered aluminum extrusions (ClassicMODUL). Classic Exhibits products are represented by an extensive distributor network in North America and in select International markets. For more information, contact us at 866-652-2100.


 

Alcohol and Business Entertaining: When Is Enough Too Much?

October 16th, 2012 COMMENTS
Shooting from the Hip (trade show tips)

Shooting from the Hip by Reid Sherwood

This is going to be a bit of a rocky ride. Hold on to your hats my friends . . . I am going to address the age old issue of alcohol, corporate responsibility, and the pros and cons of both. I have a feeling this may cause some discord among the rank and file, along with some snickering.

First the disclaimer. I am not an attorney. I am not a cop. I am not a judge. I am the president of the local school board (but that’s another story). My advice is based on experience and common sense. I’ve been entertaining clients for a long, long time, and I’ve seen it all.

People like to have a drink, especially when a vendor comes around and asks “Do you want to go to happy hour?” Of course, you do. From the vendor’s point of view, it buys some extra time with the customer, puts them in a decent mood, and most of all, spreads some goodwill vs. another vendor who may not spend any additional energy or entertainment dollars on them.

The downside is obvious . . . it can be abused. Excessive bar tabs, drunk customers, and worst of all, someone getting behind the wheel who shouldn’t. The VERY LAST THING I WANT is for a customer to have an accident, hurt themselves (or someone else), or get arrested for DWI.

That said, I have certainly made my mistakes, but I’ve learned from those mistakes. Sometimes it took a few times, but eventually I learned my lesson.

Happy Hour

Happy HourYou’re meeting with a handful of customers from several different departments. It’s 4:30. Time for happy hour and appetizers. You don’t want to buy dinner for 8 or 9 people (that has happened to me, and I always cringe because it wasn’t my intent). Now you have the opportunity to talk about stuff NOT related to work and engage them on a more personal level. You find out that this guy happens to be a Deadhead or a Parrothead. Maybe you find out that they are fans of the same college team you follow. You learn about family and hobbies. Then there are those times you discover their hobby is collecting hats or mats or rats, and you realize it’s going to be a long and painful evening.

Everyone has a drink or two, there are plenty of appetizers to share, and the evening ends at 6:30 or 7. No harm is done. You pay the tab. Sometimes the distributor will pitch in too. Which is a bonus. Everyone had a good time, and you hope they remember your hospitality when they make a buying decision.

Dinner Invitations

Dinner invitations are typically for no more than 2-3 guests. Often, we’ll meet for a drink before dinner. Here’s my rule of thumb, if your meal is $125 for three or four guests, the bar tab is going to be about the same. You want them to enjoy themselves. It should be memorable, without spending the farm or allowing someone to overindulge.  Nothing has to get out of hand, but you have to be conscious of how much your guests are drinking. Too much and what was friendly and productive becomes hazy and detrimental. Dinners create lots of face time and good camaraderie.

From Good to Bad to “Oh Crap!”

Now let’s look at a couple situations where it can get bad or really ugly and how to prevent it in the first place. Again, I’ll be the first to admit that I have made these mistakes many times.

On occasion, the adrenalin gets flowing and before you know it, you realize, “Uh oh, we gotta reel this in quickly.” You start with a round of shots, along with your regular drink, and you quickly lose count. An hour in and you had two shots of something and two beers or drinks and you are on your way to trouble. You may not think you’re “drunk” — I know I wouldn’t – but in most states, the legal limit is .08. You are way over that and driving is not an option. Next thing you know, you have been there two hours and the shots are done, but you’ve consumed seven drinks which is way too many. You are in big trouble. You have to head home, and you really need a cab. It can happen very quickly. I have done it, and I have done it with good customers. It’s stupid. It’s expensive. And it’s really bad business.

Now here is my big disclaimer. My father always insisted that people have a drink. According to him, it lubricates the conversation and helps them have fun. SO, I come by it naturally. But the more dangerous it gets, the more expensive it can become. Many states now have “Superdrunk” laws. If you are over 17, it is an immediate felony and a $10K fine. You have to use GOOD judgment, and it’s my job as your host to use good judgment when you don’t. If you decide you are going to “tie one on” then by all means have your transportation prepared and don’t ever do it in a business situation. Your livelihood (and your life) is worth more than a few drinks, or if it isn’t, then look for a new career.

I hate to be the downer, but we also have to look at the cost. I can justify everything I have said and know that in the spirit (no pun intended) of business, this is normal and logical. The following are examples where the cost doesn’t add up to the risk or reward.

Be careful or at least cognizant of the potential worst places to buy cocktails for a customer. I am fortunate that my local “Cheers” is called the “Riverstop Saloon,” and it is a little gem. A shot of Bushmills on the rocks is $4.00 and a Ketel Martini is also $4.00. It’s cheap, but then again, I’m not entertaining customers in Newaygo, MI. The same drink at the Kent County Airport in Michigan (GRR) is $11 or $14 dollars respectively. The Eye Candy Lounge inside of Mandalay Bay in Las Vegas is just a touch higher at $13 for Bushmills and $19 for a martini. Believe me, it adds up quickly.

Sharing the Cost

When we gather together for EXHIBITOR 2013 by the time you purchase a couple of drinks and chat for awhile with customers, you are approaching $200 dollars with the tip. The part that gets dicey is, not so much the cost, but rather, whether or not you are even going to be remembered for buying them a couple of drinks. No one has their eye on the tab and often, no one knows who paid it.

I know as the vendor, it is often assumed that we buy the drinks (not that it is expected). But many customers will buy me a drink or two. I appreciate it a bunch. I really do. It shows we respect one another. But I have to be careful. If I buy a drink or two for six customers, then each of you reciprocate, I just had a dozen cocktails and that was NOT my intention. Yes, I know, on occasion that happens, but vendors have to be far more cautious than clients do. I also have to be smart. At a social event where there are three to four other industry suppliers, I’m willing to do my part. My part means sharing the expense. Everyone has to chip in. It’s no fun having to be the “adult at the party” and reminding the other suppliers to “unass their wallets.”

Like I said earlier, I am not a judge, a cop, or an attorney, so don’t even think of holding me responsible for the legality of this. I’m merely trying to offer a few tips, a few cautionary warnings, and enjoy the taste of some good Irish whiskey, without getting a taste of stupid with it.

Till the next time,

Reid Sherwood
reid@classicmodul.com

*********************************

Based in Portland, Oregon, Classic Exhibits Inc. designs and manufacturers portable, modular, and custom-hybrid exhibit solutions and engineered aluminum extrusions (ClassicMODUL). Classic Exhibits products are represented by an extensive distributor network in North America and in select International markets. For more information, contact us at 866-652-2100.